Top Automotive Industry News for Week of January 25 - January 31, 2021

Here is the most important news associated with the automotive industry identified by the AEA for the week of January 25, 2021 – January 31, 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-

Automotive R&D Budgets Take a Hit (Wards)

Daimler’s 2020 Projected Profit Beats Analysts Predictions, But Chip Shortage May Hurt 2021 Results (Detroit Bureau)

Dodge CEO says EVs can save America’s new ‘Golden Age of muscle cars’ (CNBC)

Electric-vehicle firm Faraday Future to go public via $3.4 billion SPAC deal (Reuters)

General Motors plans to exclusively offer electric vehicles by 2035 (CNBC)

General Motors to use Super Bowl air time to feature new electric vehicles in two ads (CNBC)

Hyundai wrestles with the risks of embracing Apple (Reuters)

New Toyota tech unit promises world's safest drive (Reuters)

Stellantis agrees to $30 million fine to settle federal corruption probe of Fiat Chrysler (CNBC)

Tesla Notches First Full-Year Profit, Aided By $270 Million Fourth-Quarter Net Income (Forbes)

Toyota beats VW in global sales for 2020 (Motor Authority)

-Automotive Retail News-

Automotive News F&I Study (Automotive News)

Award-winning dealers provide safety measures, digital-first services (Auto Remarketing)

Weekly Market Insights (Black Book)

CarGurus Launches Finance in Advance*™, A New Digital Retailing Feature (Globe Newswire)

CarMax Completing Transition Out of New Car Sales Business (Detroit Bureau)

J.D. Power Panelists: Online Car Selling Work in Progress (Wards)

Lincoln Comfortably Atop Most-Seen Auto Ads Chart (Wards)

New Vehicle Sales Slowed in January Despite Improved Retail Results (Detroit Bureau)

TrueCar forecasts new and used retail sales up slightly year-over-year for January 2021, while fleet recovery drags (Automotive World)

While Most Car Subscriptions Struggle, Volvo and Porsche Expand (Car and Driver)

-Automotive Servicing News-

Nissan Recalls 2013–2015 Pathfinder over Brake-Light Issue (Car and Driver)

-General Business & Executive News-

ADESA Transforms Vehicle Inspection Capabilities (Auto Dealer Today)

Biden plans to replace government fleet with electric vehicles (CNBC)

CDK Global Introduces Big Data Platform to Transform Automotive Industry Data into Valuable Insights for Dealers, OEMs and Software Developers (Auto Dealer Today)

Modern cars are safe, but higher-speed crashes reveal serious weaknesses (Cnet)

Shell Bulks Up EV Charging Network With Ubitricity Acquisition (Bloomberg)

Sony says it has no intention of entering the automotive industry (Autoblog)

TrueCar and OnePoll Study Reveals American Attitudes about Learning to Drive and Teaching Someone Else to Drive (PR Newswire)

How James David Power Made Detroit, and Customers, Raise the Standard for Quality (Forbes)

U.S. consumer spending decreases further; inflation creeping up (Reuters)

-AEA Reminder-

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Have a great week,

Automotive Executives Association

Automotive Executives Association