Top Automotive Industry News for Week of August 3 - August 9, 2015

Here is the most important news associated with the automotive industry identified by the AEA for the week of August 3, 2015 - August 9, 2015.

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

-AEA Membership News-

Registration is now open for the next AEA Members Only Reception which will be held in Las Vegas on Tuesday October 20th, 2015. All AEA Members have been sent their individual email invitation. Please RSVP via your email invitation link, or simply email: memberservices@automotiveexecutives.com

-Automotive Manufacturing News-

Alfa Romeo’s Future Crossover is Getting its Final Touches (The Truth About Cars)

BMW CEO Confirms There Are Numbers Between 3 and 8 (The Truth About Cars)

BMW CEO Krueger hints at new 'i' car (Automotive News)

Chevy Volt outsells Nissan Leaf for first time since October 2013 (autoblog)

Chrysler Has a New Way to Test Cars Packing Big Horsepower (WIRED)

Chrysler Posts a 3% Drop in Profit After $90 Million Fine (NY Times)

Fiat Chrysler Knew of Hacking Risk 18 Months Ago (Bloomberg)

GM to invest $877M for new body shop at Flint Truck (Detroit Free Press)

Hackers Take Down a Tesla (The Detroit Bureau)

Harman says car hacking risk restricted to Fiat Chrysler (Reuters)

How the Jeep Hack Reveals Tesla’s Biggest Advantage (Time)

Lexus planning second flagship alongside LS sedan (autoblog)

New Chevy Volt gets 53 miles of battery range (USA Today)

Report: Tesla Losing $4,000 on Each Car, and is Burning Cash Faster (The Truth About Cars)

Researchers Hacked a Model S, But Tesla’s Already Released a Patch (Wired)

Tesla Loss Is Smaller Than Expected But Shares Tank On Delivery Outlook (Forbes)

Toyota books third straight first-quarter profit record on cost cuts, currency gains (Reuters)

VW's new e-Golf model priced in U.S. to compete with Nissan Leaf (Reuters)

VW banking on engineering center to jump U.S. sales (USA Today)

Your Car Built for You – While You Wait (Ward’s Auto)

-Automotive Retail News-

43% of non-prime applicants are millennials (Auto Remarketing)

Auto Sales Jumped in July; G.M. and Fiat Chrysler Were Up 6% (NY Times)

Car buyers getting older, richer, NADA economist says (Automotive News)

Internet Manager Delivers A Single Point-Person Experience For Customers (DrivingSales)

Lexus Summer Sale Powers Toyota Brand to July U.S. Luxury Win (Bloomberg)

Many used EVs going for less than gas counterparts (Auto Remarketing)

Mobile Shoppers are Serious. Here's How to Connect With Them. (Driving Sales)

NADA Predicts Sales Hit New High in 2016 (The Detroit Bureau)

No more price haggling at Lexus dealerships (USA Today)

Scion Aims For 60-Minute Dealership Deals (DrivingSales)

The 1-Hour Car Deal? Get Real (Ward’s Auto)

Trucks fetching higher prices as auto sales continue rise (Detroit Free Press)

U.S. auto imports hit all-time high (The Detroit News)

U.S. Auto Sales Crushed Expectations In July (Forbes)

Virtual used-car dealers gain traction (LA Times)

What's driving the auto sales surge? (USA Today)

Why More Millennials Are Leasing Luxury Cars (Time)

-Automotive Wholesale News-

Lack of demand pushing smaller car prices down at auction (Auto Remarketing)

Smaller Cars Hit Hardest in Depreciation (Vehicle Remarketing)

-Automotive Ownership News-

Can the car insurance business survive driverless cars? (Fortune)

Gas price drop accelerates (autoblog)

-Automotive Enthusiast News-

Amazon's New Car Show Has a Rumored Budget of $250m (Gizmodo)

Fleet of Ferraris lead $415 million car auctions (CNBC)

Lexus Hoverboard Video Takes You Back To The Future Present (Forbes)

-Automotive Servicing News-

Fiat Chrysler recalls 332,000 Dodge Chargers due to air bag issue (Reuters)

GM Will Settle with 124 Families Over Ignition Switch Deaths (The Truth About Cars)

Mazda recalls 206K SUVs for front suspension fix (The Detroit News)

-General Business & Executive News-

Cars.com taps Silicon Valley veteran as new chief marketing officer (Chicago Business Journal)

CDK to Arm Dealers With Transparency on Data Flow (MarketWatch)

CFPB Proposes Fifth Third Bancorp Change Auto-Lending Practices (WSJ)

Cox Auto & Westlake Financial involved in Uber’s latest programs (Auto Remarketing)

Investors are running away from U.S. stocks (CNN Money)

Next year's Super Bowl commercials are selling for a record $5 million (Mashable)

Nokia sells HERE maps unit to German carmakers for 2.8 bln eur (CNBC)

TrueCar Founder, CEO Scott Painter to Step Down as Company Posts Loss (WSJ)

U.S. factory activity dips; consumer spending cools (Reuters)

Vogelheim Named Partner at TPC Management Company (Vehicle Remarketing)

-AEA Reminder-

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Have a great week,

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