Top Automotive Industry News for Week of August 6 - August 12, 2018

Here is the most important news associated with the automotive industry identified by the AEA for the week August 6, 2018 - August 12, 2018.

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

-AEA Membership News-

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-

California Thumbs Nose at Trump on Clean Air Standard (The Detroit Bureau)

China Retaliates; New Tariffs Hit U.S. Auto Exports, Jobs (The Detroit Bureau)

Daimler in Talks to Make Electric Smart Cars in China (Bloomberg)

Elon Musk says he wants to take Tesla private at over $70 billion — here’s what that means (CNBC)

Exclusive: Tesla's board seeking more information on Musk's financing plan - sources (Reuters)

Ford celebrates the 10 millionth Mustang (The Detroit News)

Ford F-150 seat belt fires spark federal investigation (autoblog)

Ford Preparing Hybrid Version of Mustang (The Detroit Bureau)

Geely Readying to Plow $1.9B into Lotus Expansion (The Detroit Bureau)

Infiniti Set to Reveal “Electrified” Concept at Pebble Beach (The Detroit Bureau)

More Japanese Companies Guilty of Falsifying Emissions Tests (The Detroit Bureau)

Report: SEC examining Elon Musk tweets about taking Tesla private (USA Today)

Tesla board will meet to discuss taking the company private, may ask Elon Musk to be recused: report (USA Today)

Testing finds flaws with car electronic car safety systems (Washington Post)

These companies might close, lay off US workers because of Trump's trade war (CNBC)

Top auto supplier Magna takes $60 million hit from tariffs, but CEO still sees 'huge' opportunity (CNBC)

Trump meeting with CEOs, including FCA’s Manley (The Detroit News)

Where cars are still thriving (Automotive News)

Will Trump's fuel standards freeze leave buyers in the cold? (Detroit Free Press)

-Automotive Evolution News-

Apple making a car after all? Top engineer Doug Field returns from Tesla (autoblog)

IIHS Tests Semi-Autonomous Driving Systems, Finds Many Fail Too Often (Car and Driver)

New Vehicle Hack Threat Exposed (F&I Magazine)

NYC Becomes First Major City To Limit Number of Uber And Lyft Vehicles, Set Minimum Wage (Forbes)

-Automotive Retail News-

Analysts: Auto Sales up, but Could Falter as the Year Goes on (DrivingSales)

AutoNation proposes $300K grant to combat homelessness near Southeastern Fla. headquarters (Auto Remarketing)

Car Dealership Numbers Holding Steady in US (The Detroit Bureau)

Cars.com Launches AI Matchmaking Experience (MediaPost)

Carfax product head to host webinar on attracting buyer interest in online used-car inventory (Auto Remarketing)

Dealer Throughput Seen Falling for Third Year (AIADA)

Dealertrack: Vehicle Title Doubles Chances of Sale (Auto Dealer Monthly)

Equifax: Subprime Pullback Continued in Q1 (Auto Dealer Monthly)

Hot Lots: Used Vehicle Values Up in July (Auto Dealer Monthly)

Jumpstart: Jeep, Ford, Acura Drive Summer Traffic (Auto Dealer Monthly)

Maryland dealership upends sales model (Automotive News)

Rejuvenated Lincoln seeks a place of its own (Automotive News)

-Automotive Wholesale News-

'Abnormal Bounce' in Used Vehicle Values Continued in July (Vehicle Remarketing)

-Automotive Ownership News-

Too High to Drive? A New Pot Breathalyzer Might Be Able to Tell (Car and Driver)

-Automotive Enthusiast News-

Coming to a race track near you: The chance to drive a Lamborghini at top speed (CNBC)

Exchanging One Classic Car for Another Isn’t as Cheap as It Was (NY Times)

Monterey’s biggest show celebrates not just cars but all things Italian (ClassicCars)

-Automotive Servicing News-

Manheim index climbs 5% to new series high (Auto Remarketing)

Massive Takata Airbag Recall: Everything You Need to Know, Including Full List of Affected Vehicles (Car and Driver)

-General Business & Executive News-

Americans are spending like crazy. Can the good times last? (CNN)

Cars.com Reports Second Quarter 2018 Results (Cars.com)

CarGurus Announces Second Quarter 2018 Results (GlobeNewswire)

Industry Summit to Focus on the Future of F&I (F&I Showroom)

Surprise, no one buys things via Alexa (TechCrunch)

This Week in the Future of Cars: Can’t We All Just Get Along? (Wired)

TrueCar Reports Second Quarter 2018 Financial Results (Globe Newswire)

-AEA Reminder-

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Have a great week,

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