Top Automotive Industry News for Week of July 15 - July 21, 2019

Here is the most important news associated with the automotive industry identified by the AEA for the week of July 15, 2019 - July 21, 2019.

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

-Automotive Manufacturing News-

BMW, Tencent to open computing center in China for self-driving cars (Reuters)

Desperate to cut emissions, auto makers drive rhodium to 11-year high (Reuters)

Ford responds to Free Press investigation of Focus, Fiesta transmissions (Detroit Free Press)

Ghosn sues Nissan-Mitsubishi for $17M, paper says (Automotive News)

GM CEO to United Auto Workers: ‘Our collective future is at stake’ (CNBC)

Is the wagon dead? Volkswagen kills two more wagon vehicles in favor of SUVs (USA Today)

SUVs and Minivans Battle for Next-Generation Drivers (Cargurus)

Tesla employees say they took shortcuts to meet aggressive Model 3 production goals (USA Today)

Tesla is cutting the price of its top-selling Model 3 (USA Today)

This Changes Everything – or So GM is Promising with the Debut of the 2020 Chevrolet

Corvette Stingray (The Detroit Bureau)

U.S. manufacturing ‘is in recession,’ Fed’s data show (MarketWatch)

Volvo Sees Second Quarter Profits Slashed by More Than Half (The Detroit Bureau)

Why now? How the 2020 mid-engine Corvette came to be (The Detroit News)

-Automotive Evolution News-

Despite High Hopes, Self-Driving Cars Are ‘Way in the Future’ (The New York Times)

Discussing Safety First For Automated Driving With Aptiv's Karl Iagnemma (Forbes)

Mobileye Founder Stands In Contrast To Musk On Automated Driving (Forbes)

The Promise Of Self-Driving Delivery Vehicles: Insights From Nuro Cofounder Dave

Ferguson (Forbes)

-Automotive Retail News-

CarMax’s new online experience available in Florida, Virginia (Automotive Remarketing)

Carvana’s 19th U.S. vending machine location: Greensboro, N.C. (Auto Remarketing)

The Vehicle Affordability Knowledge Gap (Forbes)

Used Cars And Trucks Are A Cheaper Alternative To New, But Not As Cheap As You Might Expect (Forbes)

-Automotive Wholesale News-

J.D. Power maintains 2019 wholesale price prediction (Auto Remarketing)

Volume of newer vehicles still up at auctions (Auto Remarketing)

Wholesale Depreciation Among Cars Accelerated Last Week (Vehicle Remarketing)

-Automotive Enthusiast News-

Janet Guthrie and Sergio Marchionne to Be Inducted into Auto Hall of Fame (Car and Driver)

-Automotive Servicing News-

Ford secretly tells dealers: Fix faulty Focus, Fiesta transmissions until July 19 (USA Today)

Subaru Defect Severe Enough it Wants to Replace Vehicles, Rather Than Repair Them (The Detroit Bureau)

-General Business & Executive News-

Kelley Blue Book Names 10 Most Awarded Cars, Brands of 2019 (PR Newswire)

Legal win for TrueCar (Seeking Alpha)

Peer-to-peer car-sharing marketplace Turo raises $250M at over $1B valuation from IAC (TechCrunch)

Renault invests $144 million into China’s electric vehicle sector (CNBC)

The electric car revolution is coming. This is what has to happen first (CNN)

-AEA Reminder-

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Have a great week,

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