Top Automotive Industry News for Week of August 20 - August 26, 2018

Here is the most important news associated with the automotive industry identified by the AEA for the week August 20, 2018 - August 26, 2018.

We hope it helps you stay up to speed on the key developments in our industry:

-AEA Membership News-

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The next AEA Members Reception will be held on Tuesday October 23rd, 2018 in Las Vegas. Invitations have been sent to all current AEA Members. If you have any questions, please contact memberservices@automotiveexecutives.com

-Automotive Manufacturing News-

Audi PB 18 e-tron goes from 0 to 60 in 2 seconds (USA Today)

BMW just unveiled its long-awaited Z4 sports car and it's beautiful (Business Insider)

BMW Profit Margins Aren't the World's Biggest Anymore (Car and Driver)

Corrupt FCA exec reported to Marchionne amid scheme (The Detroit News)

Exclusive: Saudi PIF in talks to invest in aspiring Tesla rival Lucid - sources (Reuters)

Faraday Future Takes Next Step Toward Production (The Detroit Bureau)

Ford exec named special representative to N. Korea (The Detroit News)

J.D. Power Honors Best Resale Value for Mass Market and Luxury Automotive Brands (J.D. Power)

GM's 3-D-Printed Seat Bracket Heralds a Future of Cheaper, Better Cars (Wired)

Nissan to boost China production capacity by 40 percent, source says (Reuters)

Ram 3500 Earns J.D. Power Best Resale Value Award (Vehicle Remarketing)

Tesla reworked 86 percent of Model 3s to reach production target (autoblog)

Tesla Staying Public; CEO Musk Facing Further Scrutiny (The Detroit Bureau)

Trump: We are going to put a 25% tariff on every car from the European Union (CNBC)

-Automotive Evolution News-

Apple has an idea for self-driving cars to tell riders what they're about to do so they don't get nervous (CNBC)

Cox: Mobility’s Popularity Is Growing (Auto Dealer Monthly)

Forget Working From Home, Autonomous Vehicles Will Drive A Boom In Working From Car (Forbes)

Four Companies Selling Self-Driving Car Platforms Today, And One Coming (Forbes)

Large numbers of Tesla employees flock to Apple: report (MarketWatch)

Plastic Cars? What Vehicles of the Future Will Look Like (Fortune)

Ride-hailing Fleets Are Clogging City Streets: A Failed Promise Or A Necessary Transition? (Forbes)

Uber and Airbus Enlist in Japan’s Flying-Car Plan (Bloomberg)

Uber gears up for shift to bikes on short trips, CEO expects short-term financial hit (CNBC)

-Automotive Retail News-

Dealers mobilize to protect their margins from automaker subscription services (autoblog)

Demand for Pickups and Small Cars Fuel Weekly Values (Auto Dealer Monthly)

More consumers say they don't need a car (Automotive News)

Mosley unveils new website to help dealers and vendors land more sales (Auto Remarketing)

Report shows steady figures for franchised dealership count (Auto Remarketing)

-Automotive Wholesale News-

Heated wholesale prices might finally cool soon (Auto Remarketing)

Manheim Adds Dealer Lane Alerts (Auto Dealer Monthly)

Pickups and Small Cars Propel Weekly Values (Vehicle Remarketing)

-Automotive Ownership News-

AAA study finds car ownership far cheaper than ride-hailing (autoblog)

Americans Are Keeping Their Cars Longer and Longer (Car and Driver)

CarGurus Studies Commuting Behavior and Patterns Across America (PR Newswire)

Highway Fatalities Could Again Top 40,000 This Year (The Detroit Bureau)

-Automotive Enthusiast News-

Bugatti Reveals 1,500-Horsepower, $5.78-Million Divo (The Detroit Bureau)

Rare Ferrari race car breaks record for car auction sale price (Mashable)

The Quest for The “Holy Grail” – Billionaires Line Up For World’s Most Expensive Car (New Atlas)

These Are Some of the Best Cars Being Auctioned at Pebble Beach (Jalopnik)

Vintage car dealers worried import tariffs will put the brakes on sales (Pilot Online)

-Automotive Servicing News-

Fiat Chrysler recalls Dodge minivans and Jeep SUVs to fix spongy brakes (USA Today)

Ford recalls more than 50K electric car power cables due to fire risk (Detroit Free Press)

-General Business & Executive News-

Dearth of a Salesman: Auto Dealers Struggle to Recruit, Retain Younger Workers (WSJ)

Detroit mayor sues Michigan over high no-fault auto insurance rates (Detroit Free Press)

Didi suspends carpool service in China after rape and killing of passenger (CNN)

Getaround car-share service raises $300 million in new funding round (CNBC)

Toyota starts a new $2.8 billion company to develop self-driving software (The Verge)

Uber hires CFO as it prepares to IPO (CNBC)

U.S. economy expected to slow, damaged by trade war: Reuters poll (Reuters)

U.S. Heads for Best Growth Since 2005 on Robust Domestic Demand (Bloomberg)

-AEA Reminder-

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Have a great week,

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