Top Automotive Industry News for Week of August 31 - September 6, 2020

Here is the most important news associated with the automotive industry identified by the AEA for the week of August 31, 2020 - September 6, 2020.

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

-Automotive Manufacturing News-

Ford, BMW Planning Job Cuts In U.S. (TTAC)

Ford tells employees buyouts are coming as it aims to cut white-collar workforce by roughly 1,400 (CNBC)

GM, Ford Shutting Down the “Arsenal of Health” (The Detroit Bureau)

GM, Honda Target Savings By Collaborating On EVs, Gas-Engine Models (Forbes)

GM CEO Barra, Ivanka Trump talk jobs in a 2020 battleground (Reuters)

GM forms alliance with Honda to develop future products in North America (USA Today)

Jeep punches above its weight with $100,000 Grand Wagoneer SUV (CNBC)

Nissan develops techniques to speed up production of carbon fibre parts (Reuters)

S&P 500 adds three companies not named Tesla — ‘a bit of a shocker,’ analyst says (Marketwatch)

Tesla's Musk tests VW EVs during meeting with Diess, report says (Automotive News)

Tesla Raising $5 Billion by Selling Stock after 5-for-1 Split (The Detroit Bureau)

Volkswagen Offers Early Look at ID.4 EV’s Interior (The Detroit Bureau)

-Automotive Evolution News-

California Hydrogen Race Winners: First Element, Equilon And Iwatani (Forbes)

Lean Sensing – A Critical Enabler For Autonomous Vehicles (Forbes)

Study: Electronics could stop 40% of big truck rear crashes (The Detroit News)

-Automotive Retail News-

5 reasons COVID-19 pandemic gives the edge to cars, SUVs, pickups (USA Today)

Automotive industry rebound falters in August as sales slip (autoblog)

Autotrader provides education on voting, pet-friendly vehicles (Auto Remarketing)

Expert predicts auto industry could take 2 years to rebound to pre-pandemic sales levels (USA Today)

How August used-car sales wrapped the month (Auto Remarketing)

Labor Day is still a good time to buy a car. ‘It just looks a little different this year,’ experts say (CNBC)

Lithia buys rest of John Eagle stores (Auto Remarketing)

Los Angeles Auto Show Moved from November to May 2021 (The Detroit Bureau)

NADA Market Beat: New Light-Vehicle Sales Continue to Recover (NADA)

Shift Raises Third Quarter Outlook for Adjusted Gross Profit and Adjusted Gross Profit per Unit (PR Newswire)

-Automotive Wholesale News-

Auction sales volume slows at end of August (Auto Remarketing)

Black Book index jumps to all-time high (Auto Remarketing)

Black Book Used Vehicle Retention Index Increases 3.0 Points in August (Auto Dealer Today)

Manheim’s digital enhancements aim to improve auction experience (Auto Remarketing)

NADA Used Market Update (NADA)

-Automotive Servicing News-

Car safety recalls for August 27-Sept. 3 (USA Today)

Hyundai now says recalled Santa Fe SUVs, vehicles should be parked outside (USA Today)

-General Business & Executive News-

Autotrader, Kelley Blue Book Launch 'Drive The Vote' (MediaPost)

Bill Gates-backed vehicle battery supplier to go public through SPAC deal (CNBC)

Conversica Raises $20 Million in Series D Round as Market Demands Intelligent Automation Solutions (Newswire)

Ford partners with Metromile for pay-per-mile insurance on new cars (CNBC)

VW-backed battery maker QuantumScape to go public at $3.3 billion valuation (Reuters)

Winners of 2020 Dealers’ Choice Awards Announced (Auto Dealer Today)

-AEA Reminder-

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Have a great week,

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