Top Automotive Industry News for Week of January 18 - January 24, 2021

Here is the most important news associated with the automotive industry identified by the AEA for the week of January 18, 2021 – January 24, 2021.

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

-Automotive Executives Association (AEA) News-

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-Automotive Manufacturing News-

BMW targets higher margins while investing in electric cars (Reuters)

Despite Production Cuts Due to Chip Shortages Vehicle Inventory Remains Stable (Detroit Bureau)

Edmunds: Top automotive tech at CES 2021 (Detroit News)

EV start-up Rivian raises $2.65 billion in new funding round led by T. Rowe Price (CNBC)

From Jeep to Maserati, Stellantis to roll out 10 new EV models in 2021 (CNBC)

Japanese automakers still bet on sports cars in the SUV era (CNBC)

Kia confirms it's exploring electric cars with unnamed firms after Apple report (autoblog)

Mercedes joins Tesla, VW in race to sell small electric cars (Detroit News)

Self-Driving Cars' Look, Feel Is Clearer through Final U.S. Safety Rules (Car and Driver)

These Vehicles Are Dead for 2021 (Car and Driver)

Turning coronavirus corner, Volkswagen's profit falls less than feared (Reuters)

VW posts $12.2B profit in show of pandemic resilience (Detroit News)

-Automotive Retail News-

Boosting Automotive Digital Retailing Tech in 2021 (Wards)

New Year Brings New Deals on New Cars, Trucks and Utes (Detroit Bureau)

Q3 2020 Finance Trends Demonstrate Automotive Industry’s Resilience (Auto Dealer Today)

Subaru Again Leads Most-Seen Auto Ads Chart (Wards)

The driveway becomes the dealer lot: Trend to continue in 2021 (Auto Remarketing)

Used Market Update (NADA)

-Automotive Servicing News-

Ford to spend $610 million to recall 3 million vehicles due to potential air bag issues (CNBC)

-General Business & Executive News-

Auto FinTech Startup MotoRefi Announces $10M Funding (PRWeb)

Biden Plan to Promote EVs Threatens to Deplete Federal Highway Funds Without Major Changes (Detroit Bureau)

CarGurus founder Steinert to step down as CEO (Marketwatch)

David Power, founder of influential car quality survey, dies at 89 (Automotive News)

Former Google, Waymo Autonomous Chief Levandowski Pardoned by Trump (Detroit Bureau)

Foxconn, Apple interest in EVs point to dramatically different future for automakers (CNBC)

Microsoft is investing and partnering with GM’s Cruise on self-driving cars (CNBC)

Mike Rother Joins Automotive Ventures as Managing Partner of Consulting (PR Newswire)

SPAC deals propel electric carmakers to public markets (Detroit News)

Tesla sues former employee for allegedly stealing software code (CNBC)

The automotive industry shows signs of recovery (eMarketer)

Walser Automotive Group x PICO Venture Partners Announce FUSE Autotech (BusinessWire)

What’s next for the automotive industry in 2021? (AutomotiveWorld)

-AEA Reminder-

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Have a great week,

Automotive Executives Association

Automotive Executives Association