Top Automotive Industry News for Week of January 27 - February 2, 2020

Here is the most important news associated with the automotive industry identified by the AEA for the week of January 27, 2019 - February 2, 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-

Aston Martin Shares Leap 25% As Billionaire Stroll Buys Big Stake (Forbes)

Ford, Rivian to build Lincoln's first fully electric vehicle (Detroit Free Press)

GM resurrecting Hummer as an all-electric ‘super truck’ with 1,000 horsepower (CNBC)

GM to invest $2.2 billion at Detroit factory to make electric trucks, SUVs (Reuters)

GM upgrades Super Cruise driver-assist system to better match Tesla’s Autopilot (CNBC)

Lordstown Motors pursuing $200 million U.S. retooling loan, will show EV truck at Detroit show: CEO (Reuters)

Karma Automotive Jumps on the Electric-Truck Bandwagon (Car and Driver)

Renault tries to leave the Carlos Ghosn era behind by hiring an outsider as CEO (CNN)

Tesla Reveals Its Production Model Y (Car and Driver)

Tesla Sets New Production Record, Posts Small Loss for 2019 (The Detroit Bureau)

Tesla Stays In The Black With $105 Million Quarterly Profit As Share Surge Continues (Forbes)

UAW leadership moves to oust members charged in corruption probe (Detroit Free Press)

-Automotive Evolution News-

Car-Free Streets Are Coming to America. How Far Will They Spread? (Car and Driver)

Cruise’s Origin: GM-Backed Startup Debuts Self-Driving Electric Van For Its Robotaxi Service (Forbes)

EVs at “The Tipping Point” (The Detroit Bureau)

Uber’s self-driving cars are a key to its path to profitability (CNBC)

Waymo Partners with UPS for Autonomous Deliveries (The Detroit Bureau)

-Automotive Retail News-

Annual Retail Sales Expected to Fall to 13.48 Million (Auto Dealer Today)

Carvana continues California commitment (Auto Remarketing)

Cox Automotive Forecast: Seasonally Slow Start Expected for U.S. Auto Sales (PR Newswire)

NADA aims to help dealers navigate new complexity of auto retail, says 2020 chair (Auto Remarketing)

Slow Start Expected to January New-Vehicle Sales (Vehicle Remarketing)

TrueCar’s ALG Forecasts New Car Auto Sales Remain Steady, Down Slightly for January 2020 (Yahoo)

US Auto Sales in 2020 Are Already Off to a Troubling Start (The Drive)

-Automotive Wholesale News-

Kontos sees wholesale market experiencing ‘fatigue’ to finish 2019 (Auto Remarketing)

-Automotive Ownership News-

Many Americans can’t stand driving on US roads (CNBC)

-Automotive Servicing News-

Hyundai’s Warranty Adds 3 Years of Free Maintenance (Cars.com)

GM recall causes brake failure in potentially thousands of pickups (Detroit Free Press)

-General Business & Executive News-

CarMax invests $50M in Edmunds, obtains minority stake (Auto Remarketing)

Electric Vehicles Invading Super Bowl Ads This Year (Forbes)

Hearst Autos Launches Luxe Magazine 'R&T' As Companion To 'Road & Track' (MediaPost)

TrueCar Launches New Way Of Doing Business; Will This Change Work Wonders? (Forbes)

U.S. consumer, factory data suggest economy losing momentum (Reuters)

USMCA, Trump’s new NAFTA deal, explained in 600 words (Vox)

Watch All the Best Super Bowl Ads Right Now (Wired)

World may have hit peak car output, says auto-parts supplier Bosch (Reuters)

-AEA Reminder-

Did we miss something? Let us know via our Contact Us Page >> . If you have specific important news going public soon that you would like to share with your fellow AEA Members, submit your PR Distribution Request >>

Have a great week,

Member Services

memberservices@automotiveexecutives.com

Automotive Executives Association

www.automotiveexecutives.com