Top Automotive Industry News for Week of December 9 - December 15, 2019

Here is the most important news associated with the automotive industry identified by the AEA for the week of December 9, 2019 - December 15, 2019.

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

-AEA Membership News-

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

-Automotive Manufacturing News-

All the cars discontinued after 2019 (autoblog)

As Ford, Chevy exit sedan market, Asian makers gain share (The Detroit News)

A Tesla on Autopilot rear-ended a parked police car, renewing safety concerns (CNBC)

Cadillac is going all-in on EVs, bringing real model names back with them (CNet)

Ferrari CEO does not expect fully-electric model until after 2025 (Reuters)

GM expects Cadillac to be majority, if not all, EVs by 2030 (CNBC)

GM is investing $1.5 billion in the US to build redesigned midsize pickups (CNBC)

GM Scrambles to Boost Truck Production, Restock Showrooms After Strike (The Detroit Bureau)

IIHS to toughen requirements on new-car evaluations in 2020 (autoblog)

Mercedes delays the US launch of its all-electric SUV until 2021 (Engadget)

Subaru CEO expects record U.S. sales in 2020 despite market slowdown (autoblog)

Supercar maker McLaren to skip electric vehicles. Here's why — and what it will build instead (USA Today)

Toyota North America CEO Jim Lentz Retiring (The Detroit Bureau)

Trump, Pelosi seal revised NAFTA; automakers, unions praise deal (Crain’s Detroit)

U.S. prosecutor says UAW still isn't fully cooperating with investigation (autoblog)

UAW approves labor deal with Fiat Chrysler, closing unprecedented talks with Big 3 Detroit automakers marked by a strike, corruption and litigation (CNBC)

-Automotive Evolution News-

An Autonomous Semi-Truck Just Drove Across America To Deliver Butter (Forbes)

Argo takes different road to skirt self-driving challenges (Reuters)

CEO of GM's Cruise driverless vehicle unit hints at offering low-cost shared rides (The Detroit News)

Mercedes robo-taxi service gets underway in California (CNBC)

Noodling On How Much Revenue Self-Driving Cars Will Ultimately Generate (Forbes)

WAYMO’S DRIVERLESS CAR: GHOST-RIDING IN THE BACK SEAT OF A ROBOT TAXI (The Verge)

-Automotive Retail News-

Dealers Optimistic Despite Dour Forecasts for Auto Sales in 2020 (The Detroit Bureau)

Digital Cadillac Sales Platform Makes U.S. Debut (Auto Dealer Today)

Edmunds Unveils Their Top Rated Cars of 2020 (Yahoo)

New and Used Car Price Gap Hits Record High (Vehicle Remarketing)

Rising used-car inventories mean more optimistic independent dealers (Auto Remarketing)

Tis the Season – Or the Month Anyway – to Buy a New Vehicle (The Detroit Bureau)

Used Car Buyers Getting More Bang for Their Buck, Report Claims (The Detroit Bureau)

-Automotive Wholesale News-

Softer wholesale prices not exactly enticing dealers to buy (Auto Remarketing)

-Automotive Servicing News-

Ford recalls 262,000 heavy-duty pickups for tailgate problem (Detroit Free Press)

Toyota Prius recalled: 2019 model may have faulty speedometer (USA Today)

-General Business & Executive News-

ActivEngage Partners with CreditIQ to Redefine Car Buying with Most Advanced Financial Tool (Business Insider)

Asbury Automotive Group Announces The Acquisition Of Park Place Dealerships (PR Newswire)

Buy or Sell a Car via Mobile with the New eBay Motors App (PR Newswire)

Cars.com Predicts the Top 5 Trends That Will Shape the Next Decade in Automotive (Cars.com)

Chevron takes a $10 billion hit from cheap oil and gas prices (CNN)

Group 1 acquires New Mexico’s only 2 Lexus dealerships (Auto Remarketing)

New Company, Trupayments, LLC, Launches Grail® Technology Platform to Power Personalized Digital Marketing, Shopping and Retailing Solutions (AP News)

U.S. retail sales rise less than expected in November (Reuters)

Vroom Closes $254M Round of Funding (Vehicle Remarketing)

-AEA Reminder-

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Have a great week,

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