Top Automotive Industry News for Week of February 4 - February 10, 2019

Here is the most important news associated with the automotive industry identified by the AEA for the week of February 4, 2019 - February 10, 2019.

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

-Automotive Manufacturing News- Names the Best Five Cars of 2019 (

Fiat Chrysler shares plummet 12 percent on weak outlook (CNBC)

Ford investing $1 billion, adding jobs at Chicago factories as it makes cuts overseas (CNBC)

Ford set to invest $1B in Chicago to build new Explorer, Aviator (The Detroit News)

Ford’s Future Relies on Its Manufacturing Prowess (The Detroit Bureau)

GM factory workers get $10,750 in profit sharing; company earnings slip (Detroit Free Press)

GM is going 'all-electric,' but it doesn't expect to make money off battery-powered cars until early next decade (CNBC)

Is Tesla's Elon Musk Making Good On Prediction That Capacitors 'Supersede' Batteries? (Forbes)

Jaguar Land Rover Hit By Big Loss (Forbes)

Kelley Blue Book Names 2019 5-Year Cost to Own Award Winners (PR Newswire)

Lamborghini's new $200,000 SUV boosts automaker's sales by 51 percent in 2018 (CNBC)

Pickups, SUVs Push GM Profit Well Above Expectations (The Detroit Bureau)

-Automotive Evolution News-

Amazon just invested in self-driving car company Aurora (CNBC)

Bet everything on EVs: Inside VW's $91 billion strategy shift (Autoblog)

Lyft Trying A ‘Green Mode’ To Get More Of Its Riders Into Electric Cars (Forbes)

No, Robocars Won't Circle Around To Avoid Paying For Parking (Forbes)

Toyota's moonshot: Self-driving car for sale - in a year (Automotive News)

-Automotive Retail News-

Auto Dealers Get Nervous as Inventory Continues Rising (The Detroit Bureau)

Autotrader Names Top 10 CPOs for 2019 (Auto Dealer Today)

Against the odds, Tesla's Model 3 became the best-selling luxury car in America (CNN)

Carvana, BoA Team Up For Online Car Sales (PYMNTS)

Group 1 Auto sells record number of vehicles in 2018 (Houston Chronicle)

Poor Car Sales Projected for 2019 Due to Unsold Cars Sitting on Dealer Lots (Jalopnik)

Retention Index Slips for Second Straight Month (Auto Dealer Today)

This Week in Car Buying: Lexus’ new lease; Tesla cuts prices again; Transaction prices up; Lender shifts to used cars (KBB)

-Automotive Wholesale News-

Manheim and Black Book see wholesale prices dip again in January (Auto Remarketing)

Used Vehicle Values Fall in Back-to-Back Months (Vehicle Remarketing)

-Automotive Ownership News-

AAA confirms what Tesla, BMW, Nissan electric car owners suspected — cold weather saps EV range. Even turning on the car drains power (CNBC)

Auto engineers warn your car might be easier to hack than you think (CNBC)

-Automotive Enthusiast News-

1937 Alfa Romeo 8C 2900B Berlinetta Named the Most Prestigious Car in the World (Yahoo)

Barrett-Jackson Positions Collector Car Future (The Auto Channel)

You Can't Miss These Cars, Trucks, and SUVs from the 2019 Chicago Auto Show (Car and Drvier)

-Automotive Servicing News-

Fiat Chrysler recalls 882,000 Dodge Ram trucks for steering, adjustable pedal issues (USA Today)

Millions of vehicles recalled for road safety concerns (Yahoo)

-General Business & Executive News-

Asbury and NADA put programs in motion to boost critical dealership workforce (Auto Remarketing)

BB&T and SunTrust announce $66 billion merger, creating the sixth-largest US bank (CNN)

Deregulation and the Dealer (Auto Dealer Today)

Elevator Up, Cashew Down For Automaker Super Bowl Spots (Forbes)

Fair lands $50M to enhance vehicle inventory (Auto Remarketing)

Tesla to buy energy tech company Maxwell Technologies for about $218 million (USA Today)

-AEA Reminder-

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