Top Automotive Industry News for Week of February 17 - February 23, 2020

Here is the most important news associated with the automotive industry identified by the AEA for the week of February 17, 2020 - February 23, 2020.

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

-Automotive Manufacturing News-

Are You Team Musk Or Team Gates? How The Tesla Model S And Porsche Taycan Really Stack Up (Forbes)

Asian Brands Dominate Consumer Reports’ “Best” Rankings (The Detroit Bureau)

Chevy’s new mid-engine Corvette needs Gen X and millennial buyers to succeed (CNBC)

Daimler warns of 'significant adverse effects' on its business by coronavirus (autoblog)

Ex-UAW leader who pocketed millions in scandal gets 28-month sentence (Detroit Free Press)

GM, Fiat Chrysler and Toyota resume auto production in China (CNBC)

GM gets tax break for new plant next to factory it closed in Lordstown (Detroit Free Press)

GM to exit some overseas markets to cut costs, focus on electric and self-driving vehicles (USA Today)

Honda delays plans to restart operations at Wuhan plant to March 11 (Reuters)

Jaguar Land Rover Forges Ahead with Project Vector (The Detroit Bureau)

Manufacturers entangled in logistical nightmare as virus-hit China limps back to work (Reuters)

Maserati Conveys Its Electrification Plans (The Detroit Bureau)

Maserati to return to racing with new MC20 supercar (The Detroit News)

Nissan facing production disruptions as virus outbreak creates parts shortages (The Detroit News)

Tesla Cybertruck Orders Average 5,873 Per Day, Now Over 500,000 (Forbes)

Tesla gets go-ahead to resume clearing forest for German factory (The Detroit News)

Tesla surges in Consumer Reports auto rankings due to Model 3 (CNBC)

Toyota Betting All-Wheel-Drive Can Save its Passenger Car Line-Up (The Detroit Bureau)

-Automotive Evolution News-

Companies Have Spent Over $16 Billion On Robocars. It’s A Drop In The Bucket (Forbes)

Self-driving car companies complain California test data may mislead (Reuters)

Three Lessons For EVs From 2010s' Failures (Forbes)

-Automotive Retail News-

Car Dealers Who Sell Both New, Used Vehicles Trusted Most (Wards Auto)

Ford's F-series remains America's best-selling vehicle, but in 19 states these models were more popular (USA Today)

Lithia wants each rooftop to retail 100 used vehicles monthly in 2020 (Auto Remarketing)

New Nissan Subscription Service Lets You Drive a Different Car Every Day (The Detroit Bureau)

Outstanding auto-loan balances just hit a new record and delinquencies are on the rise — should you be concerned? (MarketWatch)

Penske touts supercenters, CPO, tech (Auto Remarketing)

Sonic Automotive (SAH) Beats Q4 Earnings Estimates (Yahoo)

-Automotive Wholesale News-

Lane watch: Early spring signs show shift to trucks & SUVs (Auto Remarketing)

-Automotive Ownership News-

U.S. Highway Deaths Declined in 2019 (The Detroit Bureau)

-Automotive Servicing News-

Kia recalls more than 200,000 vehicles over electrical problem that can cause fires (MarketWatch)

-General Business & Executive News-

Ansira Partners to Acquire CDK’s Digital Marketing Business (The Banks Report)

Coronavirus Exposes Auto Industry’s Lack Of Plan B (Forbes)

KAR Auction Services, Inc. Reports 2019 Financial Results (Yahoo)

TrueCar Reports Fourth Quarter and Full Year 2019 Financial Results (Newswire)

USAA ending car-buying service, ties to TrueCar (San Antonio Express)

U.S. Dealerships Shrinking in Number, Throughput Down for 2019 (The Truth About Cars)

-AEA Reminder-

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Have a great week,

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