Top Automotive Industry News for Week of August 27 - September 2, 2018

Here is the most important news associated with the automotive industry identified by the AEA for the week August 27, 2018 - September 2, 2018.

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

-AEA Membership News-

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-Automotive Manufacturing News-

Aston Martin manages a turnaround unlikely even for 007 (CNBC)

BlackRock fund voted for independent chairman at Tesla to replace Elon Musk, filing shows (MarketWatch)

BMW starts taking orders for electric iX3 SUV as german automakers are all unveiling new electric SUVs (Electrek)

Car prices projected to jump under Trump trade agreement with Mexico (USA Today)

Ex-Fiat Chrysler exec Alphons Iacobelli gets 5½ years in UAW scandal (Detroit Free Press)

Faraday Future's First Pre-Production FF 91 Is Here (Forbes)

Ford cancels plan to import Focus crossover from China, blames trade war (USA Today)

Ford Smacked with Ratings Cut by Moody’s (The Detroit Bureau)

GM Wants to Dethrone Tesla as EV Charge-Rate Champ (Car and Driver)

Signs of Tesla progress emerge amid Musk drama (The Detroit News)

Tesla could use Ford’s model to raise more cash (The Detroit News)

Trump Rejects EU Offer to Eliminate Auto Tariffs Entirely (The Detroit Bureau)

What are the best and worst car brands in the U.S. in 2018? (USA Today)

-Automotive Evolution News-

'I hate them': Locals reportedly are frustrated with Alphabet's self-driving cars (CNBC)

Apple discloses minor self-driving crash in California (MarketWatch)

Dyson Building a Test Track for a $150M EV Car Campus (The Detroit Bureau)

EV Start Up Rivian Debuting Pickup, Large SUV at LA Auto Show (The Detroit Bureau)

Laser Guided Vehicles Navigate With Precision (Forbes)

What risks are we willing to accept for a world of self-driving cars? (The Washington Post)

Why you may want to try a car subscription instead of rental (Detroit Free Press)

-Automotive Retail News-

2 factors send Q2 dealership buy/sell activity soaring (Auto Remarketing)

Advice on Buying American-Made Cars This Labor Day (

Calif. New-Vehicle Registrations Fall for the Fifth Straight Quarter (Vehicle Remarketing)

Car buyers could snag fat discounts during Labor Day sales push (CNBC)

Car Buyers Paying More, On Time as Lenders Raise Risk Threshold (The Detroit Bureau)

It's getting harder to find those zero-percent financing deals on new cars (CNBC)

J.D. Power: Affordability Behind Overall Strength of Used Market (Vehicle Remarketing)

New Vehicle Sales Expected to Rise Slightly in August (The Detroit Bureau)

Porsche touts success of Experience Centers as online shopping intensifies (Auto Remarketing)

Sonic Automotive, Inc. Has Modified Plans for EchoPark (CBT News)

The False Positives Of Expected Higher August Vehicle Sales (Forbes)

-Automotive Wholesale News-

Large Cars and Small Pickups Fuel Continued Wholesale Strength (Vehicle Remarketing)

Wholesale prices prove used cars still appeal in a utility-driven retail arena (Auto Remarketing)

-Automotive Ownership News-

Expect relief at the pump with gas prices predicted to fall after Labor Day (USA Today)

More Americans souring on car ownership (Biz Journals)

-Automotive Enthusiast News-

1962 Ferrari 250 GTO Smashes Auction Record, Selling For $48.4 Million (Forbes)

Inside Adam Carolla's collection of Paul Newman classic race cars (Auto Classics)

Over 100 Pink Cadillacs Turn Out for Aretha Franklin's Funeral (Car and Driver)

-Automotive Servicing News-

Nissan Recalls Cars, SUVs, and Trucks for Ignition Issue (Consumer Reports)

-General Business & Executive News-

Ally to exit RV, transportation and equipment markets (Automotive News)

Amazon Sets Its Sights on the $88 Billion Online Ad Market (New York Times)

Automakers Locked in Battle with Phone Manufacturers for Consumers’ Attention (J.D. Power)

Calif. Board: GM Violated State Law in Attempting to Cancel Dealer's Franchise (Auto Dealer Monthly)

Can A Toyota Deal Save Uber’s Robotaxi Dreams – And A CEO’s IPO Hopes? (Forbes)

CarMax is Morgan Stanley's top pick among US auto dealer stocks (CNBC)

Kerrigan: Auto Dealership Buy/Sell Market Picks Up Steam (Auto Dealer Monthly)

Lyft said to have hired an adviser, hopes to beat Uber in going public (The Detroit News)

Lyft works on IPO, aims to go public before Uber: report (MarketWatch)

Nafta Talks Pick Up as Decision Time Nears for U.S., Canada (Bloomberg)

Santander to settle U.S. consumer watchdog auto finance claims: sources (Reuters)

Toyota invests $500 million in Uber, will partner to deliver self-driving cars by 2021 (Detroit Free Press)

US-Mexico trade deal could be a relief for automakers (CNN)

Waymo success spells big upside for Alphabet, Morgan Stanley says in Street-high forecast (CNBC)

-AEA Reminder-

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