Top Automotive Industry News for Week of July 14 - July 20, 2014

Here is the most important news associated with the automotive industry identified by the AEA for the week of July 14 – July 20, 2014.

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

- AEA Member Related News –

Save the Date! The next AEA Reception will be held the evening of October 14th, 2014 in Las Vegas. All event details and member email RSVP invitations will be sent within the next week.

- Automotive Manufacturing News -

A $35,000 Tesla Model III Is Coming In 2017 (Forbes)

After hybrid success, Toyota gambles on fuel cell (Fox News)

All-new smart fortwo unveiled (CNN Money)

Aston Martin Abandons SUV Plans, Focuses On Coachbuilt Cars For Expansion (MotorAuthority)

Bentley Wants to Build 12-Cylinder Engines Forever and Ever, Amen ( Car and Driver)

Dodge Challenger Hellcat Opens up New Muscle Car Era (The Detroit Bureau)

Feds may seek more proof on auto mileage claims (CNN)

Fiat Chrysler denies report of merger talks with VW (Reuters)

GM to Offer New Eight-Speed Automatic in 2015 Trucks and SUVs with the 6.2-liter V-8 (Car and Driver)

LG Chem on track to ship 200-mile EV batteries by 2016 (LeftLane)

Maserati to cap global sales at 75,000 vehicles a year: executive (Reuters)

Nissan Cars Seen Self-Parking by 2016 as Autos Go Driverless (Bloomberg)

Subaru Sued Over Claims of Dangerous Auto Defect (ABC News)

Tesla Motors, Inc. Inspires BMW to Share Battery Technology (The Motley Fool)

Toyota forced to revamp its engines (USA Today)

Volkswagen to Build SUV in Tennessee to Confront Toyota (Bloomberg)

VW Targets $6.8 Billion in Savings to Lift Profitability (Bloomberg)

White House Responds to Tesla Petition (AutoRemarketing)

- Automotive Retail News -

Auto dealerships, owners agree to $1.8M settlement (The Washington Times)

AutoNation Sinks as Profit Misses Estimates on Web Costs (Bloomberg)

Chase and Wells Fargo Dial Down in Auto Lending Growth (Eastern Morning Herald)

IIHS unveils 'recommended' used car lists for teen drivers (The Detroit News)

In a Subprime Bubble for Used Cars, Unfit Borrowers Pay Sky-High Rates (The New York Times)

KBB Financing Survey Uncovers Opportunity to Educate Buyers (AutoRemarketing)

Mercedes Looks for Up-and-Comers on LinkedIn (The New York Times)

Rick Case, AutoNation among new-vehicle dealers innovating to boost used-car sales (SunSentinal)

SUVs And Crossover Utility Vehicles Now Outsell Sedans In U.S. (Green Car Reports)

Used-Car Dealer Sales Growth, Profitability Outpace Retail Industry (Auto Remarketing)

- Automotive Wholesale News -

Manheim Study Shows Importance of Physical Title at Sale (Vehicle Remarketing)

NADA: Auction Prices Up 2.8% Over 2013 (Auto Remarketing)

Used-vehicle prices soften, demand strong (Automotive News)

Used-Vehicle Depreciation Rate Doubles in June (Vehicle Remarketing)

- Automotive Ownership News -

FBI: Driverless Cars Could Be Perfect For Police... But Also For Getaway Criminals (Forbes)

Gas Prices See Sustained Slide (KickingTires)

Is Your Car Vulnerable to Hackers? (FOX Business)

Man Creates Slick Ad to Sell Crappy 1999 Car (Mashable)

Metromile Launches Per-Mile Car Insurance That Could Save Californians 40% (TechCrunch)

- Automotive Enthusiast News -

Ford's Racing Pedigree Wins with Race Fans and New Car Buyers (Forbes)

NASCAR to use special paint scheme for Chase contenders (Yahoo Sports)

To say Jay Leno is obsessed by cars is a vast understatement (The Detroit News)

- Automotive Servicing News -

BMW recalls 1.6 million cars on airbag concerns (CNN Money)

Chrysler Accelerates Its Repairs of Jeeps (The New York Times)

Chrysler Recalls 895K SUVs For Vanity Mirror Wiring (AutoRemarketing)

GM admits more problems with mislabeling of ignition switch parts (Chicago Tribune)

Hyundai recalls its new Sonata sedan (USA Today)

Kia Recalls 52,000 Souls for Steering Problem (The New York Times)

- General Business & Executive News -

10 Brands That Will Disappear in 2015 (24/7 Wall Street)

ADM Names 2014 Dealers’ Choice Award Winners (Auto Dealer Monthly)

Amazon: Read as much as you want for $9.99 (CNN Money)

And the world's best airline is... (CNN)

Apple Teams Up With IBM For Huge, Expansive Enterprise Push (TechCrunch)

Facebook Begins Testing a Buy Button (Mashable)

Forbes Media Agrees To Sell Majority Stake To A Group Of International Investors… (Forbes)

Google Boosts Driverless-Car Quest as Mulally Joins Board (Bloomberg)

Jumpstart Reports: Automotive Advertisers Make the Most of World Cup (Digital Journal)

Microsoft to cut up to 18,000 jobs over next year (USA Today)

New Advertising Campaign Results in Best June Ever for AutoTrader.com (Digital Journal)

Nominations Now Open for 2015 TIME Dealer of Year Program (AutoRemarketing)

Obama Touts Talking Cars in Push for U.S. Highway Relief (Bloomberg)

Senators: Fire GM legal chief, pay more recall victims (USA Today)

Senators Introduce Bill to Fine Auto Executives Over Recalls (Automobile)

U.S. retail sales, manufacturing data point at firming economy (Reuters)

Wall Street Climbs Higher on Company Earnings (FOX Business)

Westlake Closes $320M ABS Offer (AutoRemarketing)

- AEA Reminder -

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Have a great week,

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