Top Automotive Industry News for Week of July 20 - July 26, 2020

Here is the most important news associated with the automotive industry identified by the AEA for the week of July 20, 2020 - July 26, 2020.

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

-Automotive Manufacturing News-

Ford to work with Intel's Mobileye for better collision avoidance technology (Reuters)

How Tesla defined a new era for the global auto industry (Reuters)

Kia Motors gears up blockbuster-like video ad to flaunt vehicles (Marketing Dive)

Mercedes-Benz says it will focus on high-end cars to hike profits (Reuters)

Tesla makes $104 million profit in second quarter despite factory shutdown for coronavirus pandemic (USA Today)

Tesla picks Austin, Texas area as site for second US vehicle assembly plant (USA Today)

Tesla sues Rivian for allegedly stealing secrets, poaching employees (CNBC)

Volvo Posts Loss for the First Half of 2020 (The Detroit Bureau)

-Automotive Evolution News-

Fiat Chrysler, Waymo to put self-driving tech in Ram vans, other vehicles (USA Today)

In An Industry First, Plus.ai To Submit Their Self-Driving Trucks To Independent Testing (Forbes)

Intel’s Mobileye and Ford sign deal on next-generation driving technology (CNBC)

-Automotive Retail News-

Analysts share updates on retail, wholesale used-car supplies (Auto Remarketing)

Auto dealers in states with new virus outbreaks have a bigger problem: low inventory (The Drive)

AutoNation profit jumps on lower expenses, gain in Vroom investment (Reuters)

CarGurus Survey Finds Auto Shopper Optimism, But Threatened By Lingering Pandemic (Forbes)

Car Sales Losing Momentum as COVID Cases Rise (The Detroit Bureau)

Dealers Are Freaking Out Over New Car Inventory Shortage (The Drive)

Used-car sales on rise for Lithia, Penske (Auto Remarketing)

-Automotive Wholesale News-

Hertz Gets Go Ahead to Sell 182K Vehicles from Fleet (The Detroit Bureau)

Wholesale vehicle prices start July on another record pace (Auto Remarketing)

-Automotive Ownership News-

Eliminating Drunk Driving Saves At Least 9K Lives Annually, Study Says (The Detroit Bureau)

These Are The Worst ‘Hot Spots’ In The U.S. For Auto Thefts (Forbes)

-Automotive Servicing News-

Car recalls for July 16-23 (USA Today)

-General Business & Executive News-

Bosch Consolidates All Automotive Software And Electronics Into New Division (Forbes)

Next Stimulus Package on Monday: $1,200 Stimulus Check, Eviction Moratorium, and Reduced Unemployment Aid In CARES 2 Act (Forbes)

The coronavirus threatens auto industry recovery as cases rise and more employees miss work (CNBC)

-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