Top Automotive Industry News for Week of August 26 - September 1, 2019

Here is the most important news associated with the automotive industry identified by the AEA for the week of August 26, 2019 - September 1, 2019.

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

-Automotive Manufacturing News-

Cadillac’s Last Stand? Storied Brand Aims (Again) for Revival (The New York Times)

Customer Demand for Safety Technology Threatened by Overbearing Alerts, J.D. Power Finds (J.D. Power)

Federal probe into union corruption expands to General Motors (CNBC)

GM Is Now Detroit’s Smallest Auto-Making Employer (Bloomberg)

Survey finds new auto technology can annoy drivers (The Detroit News)

Tesla offers discount car insurance to California owners, citing advanced safety features (USA Today)

Toyota and Suzuki team up for development of self-driving car technology (USA Today)

Trump falsely slams GM on Twitter (The Detroit News)

Trump Says No Tariffs on Japanese Autos — For Now (The Detroit Bureau)

Vantablack paint is so black, this 2020 BMW X6 looks two-dimensional (autoblog)

Volkswagen overstated fuel economy on 98,000 U.S. vehicles, will repay consumers (Reuters)

Volvo’s sporty 2020 XC60 Polestar SUV introduces hybrid-performance brand (Detroit Free Press)

-Automotive Evolution News-

Colorado joins California in requiring automakers to sell more electric cars (CNBC)

GM, Lyft, Waymo want to be allowed to remove driver controls on autonomous cars (CNBC)

NHTSA will finally test cameras to replace mirrors (autoblog)

Porsche expands on-demand subscription plans to four more cities (TechCrunch)

-Automotive Retail News-

5 Profit-Draining Dealership Accounting Practices (Auto Dealer Today)

Acquisition extends Lithia network to eastern Pennsylvania (Auto Remarketing)

August Auto Sales Results Will be Mixed Bag, Analysts Predict (The Detroit Bureau)

Lincoln again asking dealers to move out from under Ford's roof (autoblog)

Penske launches 15th used-car standalone store (Auto Remarketing)

Selling New Cars Proves Unprofitable For Most Auto Dealers (Forbes)

TrueCar’s ALG Forecasts New Car Auto Sales to Rise in August Bolstered by Labor Day Weekend (Globe Newswire)

U.S. auto sales seen rising 5% in August: J.D. Power, LMC Automotive (Reuters)

Used vehicles play important role in dealer groups’ strong results (Auto Remarketing)

-Automotive Wholesale News-

Manheim’s personalized inventory helps dealers find, compare relevant vehicles (Auto Remarketing)

The State of Remarketing in 2019 (Vehicle Remarketing)

-Automotive Ownership News-

Gas prices are down and more drivers will hit the road this Labor Day weekend, AAA says (CNBC)

Low gas prices should help your wallet, right? Here's why they're not (USA Today)

-Automotive Enthusiast News-

Huge hoard of muscle cars uncovered in Iowa and heading for auction (Fox)

-Automotive Servicing News-

191,000 Toyota Corolla, Toyota Matrix cars recalled to fix defective airbags (USA Today)

Americans Put Their Cars First: Two-Thirds Service Their Vehicle More Often Than They Go to the Dentist, Cars.com Survey Reveals (Cars.com)

Ford recalls F-150, Explorer, Expedition for seats may detach in crash (Detroit Free Press)

RepairPal Welcomes 2,500th Shop Into The RepairPal Certified Network (Aftermarket News)

-General Business & Executive News-

Ex-Google, Uber Self-Driving Car Star Anthony Levandowski Indicted For Trade Secret Theft (Forbes)

Fair Closes $100M Debt Facility and Equity Investment from Ally (PR Newswire)

Mazda to switch to Toyota Financial Services for loans, leases (Automotive News)

Tesla starts selling its own car insurance in California (CNBC)

U.S. economy slowing, but consumers limiting downside (Reuters)

-AEA Reminder-

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Have a great week,

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