Top Automotive Industry News for Week of February 24 - March 1, 2020

Here is the most important news associated with the automotive industry identified by the AEA for the week of February 24, 2020 - March 1, 2020.

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

-Automotive Manufacturing News-

Aggressive Kia EV Plans Sidetracked by Battery Shortages (The Detroit Bureau)

Automakers are ‘scrambling’ for parts and preparing war rooms as coronavirus spreads (CNBC)

BMW, Porsche to debut new cars online after coronavirus outbreak cancels Geneva auto show (CNBC)

Detroit auto show fate could be affected by coronavirus outbreak (Detroit Free Press)

Ford COO Jim Farley: Tough road ahead but we know what to do (Detroit Free Press)

Geneva Auto Show Canceled as Coronavirus Situation Intensifies (Car & Driver)

GM's last Chevrolet Impala just rolled off the Detroit-Hamtramck assembly line (Detroit Free Press)

GM adding more than 1,200 jobs at Michigan plants (CNBC)

GM to add shifts, 1,200 jobs at Lansing plants (The Detroit News)

Kelley Blue Book Brand Watch Report (Auto Dealer Today)

NTSB calls out Tesla and Apple for neglecting driver safety, calls Tesla Autosteer ‘completely inadequate’ (CNBC)

Simpler names coming for vehicle safety features (USA Today)

Subaru Investing $158M in Indiana Plant (The Detroit Bureau)

There’s a sense of urgency and crisis at Ford as stock hits 10-year low, exec says (CNBC)

VW proposes 35% dividend increase as 2019 profit surges 22% (Reuters)

-Automotive Evolution News-

Autonomous driving startup raises $462 million in Toyota-led funding (Reuters)

GM's Cruise cleared to carry passengers in self-driving cars in California (The Detroit News)

How Self-Driving Car Makers Measure Their Own Progress (Wired)

Liberty Mutual Insurance Teams Up With Ford to Bring Usage-Based Insurance to Connected Vehicles (PR Newswire)

Tables, footrests, smart speakers: Self-driving cars could become the living rooms of the future (USA Today)

Utah Proposing $50M to Create a Statewide EV Charging Network (The Detroit Bureau)

Waymo And Cruise Vie For Supremacy In Murky California Self-Driving Data (Forbes)

-Automotive Retail News-

Cox Automotive Forecast: Steady Pace for U.S. Auto Sales Continues in February (Newswire)

February Retail Sales to Surpass More Than a Million Units For Only Third Time Since 2005 (Auto Dealer Monthly)

Publics' F&I profits skyrocket in 2019 (Automotive News)

U.S. New Vehicle Sales Holding Their Own in February (The Detroit Bureau)

-Automotive Wholesale News-

Lane watch: Notable spring-market signs appear (Auto Remarketing)

-Automotive Ownership News-

Nearly as many pedestrians died in last 10 years as Americans killed in Vietnam War (USA Today)

The used car you’re buying may need safety repairs for a recall — here's how to find out (Detroit Free Press)

-Automotive Servicing News-

Kia recalls over 193K vehicles; fuel leaks can cause fires (The Detroit News)

-General Business & Executive News-

Cooling consumer spending, inflation put spotlight on Fed amid coronavirus (Reuters)

Coronavirus causes Moody’s to slash global vehicle sales forecast for 2020 (CNBC)

Dealership brokers expect a brisk buy/sell market in 2020 (Auto Remarketing)

Uber’s new digital OOH unit brings location-targeted ads to car-top screens (MarTech)

-AEA Reminder-

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Have a great week,

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