Top Automotive Industry News for Week of December 23 - December 29, 2019

Here is the most important news associated with the automotive industry identified by the AEA for the week of December 23, 2019 - December 29, 2019.

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

-AEA Membership News-

Remember to RSVP for the next AEA Members Reception which will be held on Saturday, February 15th, 2020 from 5:45pm-8:45pm, in Las Vegas during NADA weekend. Invitations have been sent to all current AEA Members. Annual AEA Member Dues renewal will occur on January 2nd, 2020. If you have any questions, please contact memberservices@automotiveexecutives.com

-Automotive Manufacturing News-

Automakers to Surpass 17M in U.S. Sales for 5th Year in a Row (The Detroit Bureau)

BMW is being investigated by SEC, declines further comment (CNBC)

China fines Toyota $12.5 million over Lexus price-fixing (autoblog)

Demand for Amazon Alexa in cars is ‘through the roof,’ exec says (CNBC)

Fiat Chrysler's grand plans for Alfa Romeo have dimmed. Here's why (Detroit Free Press)

GM, Ford and others cut thousands of jobs and closed factories to save billions in 2019 (CNBC)

Nissan’s Turnaround Chief Latest to Leave, Dealing Automaker Another Blow (The Detroit Bureau)

Recalls and corruption probes reshaped the auto industry heading into 2020s (CNBC)

Rivian Raises Another $1.3 Billion To End Year (Forbes)

Tesla stock reaches $420 more than a year after Musk’s notorious ‘funding secured’ tweet (CNBC)

Tesla to Deliver First China-Built Model 3 Cars to Customers (Car and Driver)

The next wave of electric vehicles will appear in 2020 (engadget)

Toyota Trademark Hints at, Yes, Another Crossover (The Truth About Cars)

Volkswagen accelerates electric cars forecast, predicts it will produce 1 million per year by 2023 (USA Today)

VW To Launch 34 New Models Next Year, Including 12 SUVs (Motor1)

Why SUVs are getting bigger and bigger: GM, Toyota, Ford enlarge hefty vehicles (USA Today)

-Automotive Evolution News-

California EV Charging Regulations Don’t Forbid Per-Minute But Are Still Dumb ‘Gasoline Thinking’ (Forbes)

-Automotive Retail News-

Cox Automotive Forecast: Healthy December Auto Sales Will Lift Industry to 17 Million Units for Record 5th Straight Year (PR Newswire)

December Sales Will Fall as Auto Industry Sets Record for Transaction Prices, Incentive Spending (BusinessWire)

NADA Predicts 1.2% Decline in 2020 New Car Sales (Vehicle Remarketing)

TrueCar’s ALG Forecasts December 2019 New Car Sales to Finish the Year Up (Globe Newswire)

-Automotive Wholesale News-

Digital-Driven Transparency Is the New Standard for Wholesale (Auto Dealer Today)

-Automotive Ownership News-

The 20 biggest complaints about America’s most popular cars (USA Today)

-General Business & Executive News-

5 largest investments in auto finance startups in 2019 (Auto Finance News)

California tries to curb discrimination in auto insurance pricing (CNBC)

Dealer Alleges Corruption, Saudi Ties in Nissan Lawsuit (Auto Dealer Today)

Electric vehicle startup Rivian scores $1.3 billion investment from T.Rowe Price, others (CNBC)

Recalls and corruption probes reshaped the auto industry heading into 2020s (CNBC)

Sears sells DieHard brand to Advance Auto for $200 million (autoblog)

Top 10 automotive stories of 2019 (Yahoo)

-AEA Reminder-

Did we miss something? Let us know via our Contact Us Page >> . If you have specific important news going public soon that you would like to share with your fellow AEA Members, submit your PR Distribution Request >>

Have a great week,

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