Top Automotive Industry News for Week of February 3 - February 9, 2020

Here is the most important news associated with the automotive industry identified by the AEA for the week of February 3, 2019 - February 9, 2020.

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. If you have any questions, please contact memberservices@automotiveexecutives.com

-Automotive Manufacturing News-

2021 Chrysler Pacifica wants to be more like a utility vehicle, boasts all-wheel drive (Detroit Free Press)

At Ford, COO Jim Farley looks to speed as he plans to move company into the future (Detroit Free Press)

Daimler to ax 15,000 jobs as cost cuts intensify, paper says (Automotive News Europe)

Factbox: Carmakers close Chinese factories because of coronavirus (Reuters)

FCA's profit rises ahead of Peugeot merger (autoblog)

Feds drop antitrust probe into Calif. mpg deal with Ford (The Detroit News)

Fiat Chrysler Posts Record Full-Year Results (The Detroit Bureau)

Ford's profits fall nearly 99% for year, due to Explorer woes (The Detroit News)

Ford loses $1.7 billion in fourth quarter, disappoints on 2020 forecast (CNBC)

Ford profit sharing checks: UAW hourly workers to get $6,600 (USA Today)

Ford shakes up top management, promises faster turnaround (Reuters)

GM expanding Super Cruise semi-autonomous driver-assist system to 22 vehicles by 2023 (CNBC)

GM put 2019 pickup owners at risk with brake defects, safety expert says (USA Today)

Nissan completes UK's longest, most complex driverless car trip (Reuters)

Rivian's electric delivery vans for Amazon take shape (Automotive News)

Strike Cost GM $2.6 Billion, Earnings Down to $6.7 Billion for 2019 (The Detroit Bureau)

Surprise executive shakeup at Ford: Jim Farley moves up to COO, Joe Hinrichs retires (USA Today)

Tesla passes Apple as No. 1 holding on SoFi as young investors rush into surging stock (CNBC)

The billionaire’s big job of restoring Aston Martin (The Detroit News)

Toyota raises annual forecast after it quadruples its quarterly profit (autoblog)

Trump promises 100,000 new ‘high-paying’ auto jobs — here’s why it’s not that simple (MarketWatch)

With Little New Product, Chrysler Struggles to Stay Relevant (The Detroit Bureau)

-Automotive Evolution News-

A huge number of Americans are willing to give up their car, use robotaxis (autoblog)

First vehicle designed not to have human driver OK'd by U.S. (The Detroit News)

GM’s Cruise values autonomous vehicle industry at $8 trillion (CNBC)

NHTSA grants first driverless vehicle exemption (Smart Cities)

Ocasio-Cortez, Levin Sponsor Bill to Install EV Chargers across U.S. (Car and Driver)

Uber gets permit to restart testing its self-driving cars in California (Reuters)

-Automotive Retail News-

Carvana keeps on growing with latest moves in Colorado, Utah (Auto Remarketing)

-Automotive Wholesale News-

Lane watch: Acceleration toward spring market slows (Auto Remarketing)

-Automotive Ownership News-

Lowest 5-Year Cost to Own: Top Cars, Trucks and SUVs of 2020 (KBB)

-Automotive Servicing News-

Audi recalls 107K US vehicles for new Takata air bag problem (The Detroit News)

-General Business & Executive News-

Automakers Win Super Bowl (MediaPost)

Autotrader, Cars.com, Edmunds & KBB dissect Super Bowl ad impact (Auto Remarketing)

CarOffer reports record $60 million in monthly sales (Auto Remarketing)

Coronavirus damages China’s auto industry as outbreak worsens (CNBC)

Investors Hit the Brakes on Automotive Startups (Wired)

Pushing Auto Show Displays Past Just Cars (Forbes)

SoftBank-backed Fair puts the brakes on weekly car rentals for Uber drivers (TechCrunch)

SureSale lands $7M Series A round, led by Upfront Ventures (Auto Remarketing)

The global car industry is bracing for a huge shock from China (CNN)

-AEA Reminder-

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Have a great week,

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