Top Automotive Industry News for Week of January 13 - January 19, 2020

Here is the most important news associated with the automotive industry identified by the AEA for the week of January 13, 2019 - January 19, 2019.

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-

2020 North American Car, Truck and Utility of the Year Awards: Corvette, Telluride and Gladiator win (KBB)

BMW, Daimler’s self-driving venture may attract Fiat Chrysler (The Detroit News)

Driven by greed: Alliance of FCA, union leaders fueled decade of corruption (The Detroit News)

Fiat Chrysler confirms talks with Foxconn to build electric vehicles in China (The Detroit News)

GM investing nearly $47 million at Spring Hill and Tonawanda plants (The Detroit News)

GM picks Lordstown site for $2.3 billion battery plant (The Detroit News)

GM to shift hundreds more temporary workers to full time (USA Today)

Here's the fallout from UAW's 40-day strike against General Motors (Detroit Free Press)

Hummer brand is coming back — as an all-electric pickup truck (MarketWatch)

Hyundai, Kia invest $110 million in UK electric van startup Arrival Ltd (Reuters)

Kia Planning 11 All-Electric Models by 2025 (The Detroit Bureau)

Labor costs for Detroit automakers expected to increase upward of $1 billion by 2023 (CNBC)

Nissan says it's not splitting up with Renault (CNN)

Toyota to move Tacoma truck production to Mexico from U.S. (Reuters)

Trump administration moves to finalize fuel-economy rollback (The Detroit News)

U.S. will look at sudden acceleration complaints involving 500,000 Tesla vehicles (Reuters)

Volvo will build new U.S. battery plant to help launch electric XC90 (autoblog)

VW CEO urges ‘radical overhaul’ to tackle technology shift (The Detroit News)

-Automotive Evolution News-

Cheaper batteries, more chargers for electric car buyers in 2020 (The Detroit News)

Cruise Automation's Cryptic Instagram Posts Explained (Car and Driver)

-Automotive Retail News-

Crown Automotive’s five-point used-car growth plan netting results (Auto Remarketing)

EV buyers in New Jersey to get tax rebates up to $5,000, PHEVs included (autoblog)

Gently Used Cars Posing Harsh Threat To New Vehicle Sales (Forbes)

Lamborghini’s 2019 sales jump 43%, driven by its Urus SUV (CNBC)

Millennials could end up being a boon to the US auto market (The Detroit News)

Porsche logs record global sales ahead of 2020 Tesla showdown (CNBC)

Sales of Retail Used Vehicles Expected to Grow (Auto Dealer Today)

TrueCar’s ALG Forecasts 16.9 Million New Vehicle Sales for 2020 (Yahoo)

-Automotive Wholesale News-

Manheim Express Adds Engine Audio and Video to Listings (Vehicle Remarketing)

-Automotive Ownership News-

Cars that owners tend to keep a long time (autoblog)

Here’s What It Costs To Run An Electric Car And Its True Environmental Impact In Five U.S. Cities (Forbes)

-Automotive Servicing News-

Nissan recalls nearly 308,000 vehicles to replace dangerous Takata air bag inflators (Detroit Free Press)

Toyota recalls nearly 700K vehicles to fix faulty fuel pumps (USA Today)

-General Business & Executive News-

CarGurus Acquires Car Shopping Platform Autolist (CarGurus)

Cox Automotive Shares 2020 Industry Insights (Auto Dealer Today)

U.S. Advertising and Marketing Spend to Grow to Nearly $390 Billion in 2020 (AdWeek)

U.S. data point to moderate economic growth, tightening jobs market (Reuters)

-AEA Reminder-

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Have a great week,

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