Top Automotive Industry News for Week of December 21 - December 27, 2020

Here is the most important news associated with the automotive industry identified by the AEA for the week of December 21, 2020 – December 27, 2020.

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

-Automotive Executives Association (AEA) News-

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-Automotive Manufacturing News-

Apple en route to face-off with Tesla (Detroit News)

Apple targets car production by 2024 and eyes 'next level' battery technology (Reuters)

Auto Workers Move up in Line for COVID Vaccine (Detroit Bureau)

Down to Single Model in 2021, is Fiat Long for the U.S. Market? (Detroit Free Press)

GM To Present Chevy EV Pickup And Electrification Plans At CES (GM Authority)

GM’s defense unit sees $25 billion potential market in EV and other military contracts for automaker (CNBC)

Nikola shares slide after deal ends for electric garbage trucks with Republic Services (CNBC)

The Automakers That Have Won Big or Lost Ground Going Into 2021 (Bloomberg)

Twenty years ago Nissan squeezed suppliers, now it needs their help (Reuters)

U.S. regulator modifies ban to allow Mahindra to sell new Roxor models in Jeep case (Reuters)

-Automotive Retail News-

Average Price for a New Vehicle in the U.S. Hits Record High (Detroit Free Press)

CarMax Earnings Show Healthy Digital-First Automotive Market (PYMNTS.com)

Coronavirus crippled U.S. auto sales in 2020 but it could have been far worse (CNBC)

COVID-19 Market Insights (Black Book)

Mustang Mach-E Launch Brings Forth New Ford Online Buying System (The Truth About Cars)

Pandemic Fast-Forwards Digital Auto Retail to New Reality (Wards)

TransUnion Sees Auto Loan, Lease Volume Rebounding (Wards)

-Automotive Servicing News-

Ford recalls 2021 E-Series for burn risk, 2020-21 Explorer and Aviators for power loss (Detroit Free Press)

GM recalls 840K vehicles for seat belt, suspension problems (Detroit News)

VW recalls Beetles to replace Takata air bag inflators (Detroit News)

-General Business & Executive News-

2020 Will Be a Year for the Record Books — Even if You’d Prefer to Forget it (Detroit Bureau)

Americans Still Traveling but Staying Closer to Home for the Holidays as 66% of Travelers Opt to Drive to Their Destination (PR Newswire)

Chevy Chase makes surprise return during SNL to spotlight Mustang Mach-E (Detroit Free Press)

Dealerware Selected by Toyota Motor North America to Power ‘Rent a Toyota’ Program Across American Dealer Network (Auto Dealer Today)

Elon Musk says he once considered selling Tesla to Apple, Tim Cook didn’t want to take a meeting (CNBC)

Plug and Charge Brings Tesla-Style EV Charging Simplicity to Other Brands (Car and Driver)

NXCR and Westlake Financial Announce $400 Million Debt Facility and Strategic Partnership to Advance NXCR’s Vehicle Subscription Platform (Auto Dealer Today)

U.S. economy losing speed as year winds down (Reuters)

-AEA Reminder-

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Have a great week,

Automotive Executives Association

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Automotive Executives Association

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