Top Automotive Industry News for Week of February 25 - March 3, 2019

Here is the most important news associated with the automotive industry identified by the AEA for the week of February 25, 2019 - March 3, 2019.

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

-Automotive Manufacturing News-

Auto giant Peugeot to launch a 100 percent electric, zero-emission car (CNBC)

Detroit gets ready to train up workers for coming FCA Jeep job boom (autoblog)

Elon Musk was optimistic Tesla would have a profitable first quarter. Now he isn't. What changed? (CNBC)

Fiat Chrysler to add 6,500 jobs in major Jeep expansion (CNBC)

France's PSA Will Return To The U.S. With The Peugeot Brand (Forbes)

General Motors Sees Two Top Executives Depart (The Detroit Bureau)

GM President of North America Alan Batey is retiring after 40 years (CNBC)

May the Chevy Volt RIP: Tesla helped kill it, but it taught GM a lot about electric cars (CNBC)

Musk Confirms Tesla Won’t be Profitable in Q1 (The Detroit Bureau)

Tesla Model Y will be unveiled March 14th (The Verge)

Volvo announces Polestar 2, an electric vehicle that aims to compete with Tesla Model 3 (USA Today)

-Automotive Evolution News-

Americans See Electric Vehicles as the Future, Survey Says (The Detroit Bureau)

BMW, Daimler Announce Another Alliance Focused on Autonomous Driving (The Detroit Bureau)

BMW, Mercedes-Benz maker join forces to pursue self-driving cars (USA Today)

Study: Danger of Driverless Vehicles Grows With Time (Auto Dealer Today)

Volkswagen Said To Plan $1.7 Billion Investment In Ford's Self-Driving Car Unit (Forbes)

-Automotive Retail News-

Auto loan delinquencies rise as the cost of monthly payments hit record high (CNBC)

Ed Napleton Buys Minnesota Dealer Group (Auto Dealer Today)

Monthly auto sales reports likely to fade away (Detroit Free Press)

Tesla is closing stores, shifting all sales online (CNBC)

U.S. auto sales fall in February on weak SUV demand (Reuters)

U.S. Vehicle Sales Freeze In February (Forbes)

Why Americans are suddenly paying $550 per month for new cars (USA Today)

Why U.S. Car Buyers Are Opting For Insane Loans And Why They Should Stop (Forbes)

Wintry Weather Drives Auto Sales Down in February (The Detroit Bureau)

-Automotive Wholesale News-

2 factors push wholesale-price slide to 5 straight months (Auto Remarketing)

ADESA Deploys 20 VirtuaLane Auctions (Auto Dealer Today)

Manheim Adds Dealer Concierge Service (Auto Dealer Today)

-Automotive Ownership News-

Pedestrian deaths hit 28-year high, suggesting SUV boom raises safety risks (USA Today)

-Automotive Servicing News-

Japan's Subaru plans biggest-ever global recall over brake lights (Reuters)

Kia, Hyundai recall over 500,000 cars over potential engine fire risk (USA Today)

Top auto technicians earn recognition (Auto Remarketing)

-General Business & Executive News-

CarGurus Announces Fourth Quarter 2018 and Full Year 2018 Results (Globe Newswire) Reports Fourth Quarter and Full Year 2018 Results (PR Newswire)

Fourth-quarter GDP increases 2.6%, better than expected (CNBC)

Lyft IPO: 5 things the ride-hailing company just revealed (MarketWatch)

Musk Taunts Dealers as Tesla Shutters Stores (Auto Dealer News)

This Is What Peak Car Looks Like (Bloomberg)

TrueCar acquires 20 percent stake in Accu-Trade (Mega Dealer News)

Volvo, BMW invest in child-care ride-sharing startup Zum (CNet)

-AEA Reminder-

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Have a great week,

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