Top Automotive Industry News for Week of July 23 - July 29, 2018

Here is the most important news associated with the automotive industry identified by the AEA for the week July 23, 2018 - July 29, 2018.

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

-AEA Membership News-

Save the Date! The next AEA Members Reception will be held on Tuesday October 23rd, 2018 in Las Vegas. Invitations will be sent to all current AEA Members this week.

-Automotive Manufacturing News-

Daimler to split business into cars, trucks, mobility units (Autoblog)

Fiat Chrysler says it did not know about Marchionne's illness (Reuters)

Ford creates separate unit for self-driving cars (The Detroit News)

Ford Q2 Earnings Hurt by China, Supplier Fire (The Detroit Bureau)

Ford's profit plummets by almost half, cuts 2018 outlook (CNBC)

General Motors is prepared to raise prices to offset commodity price jump (CNBC)

Mercedes-Benz Aims to “Elevate” Entry Luxury Segment with Launch of New A-Class (The Detroit Bureau)

No To The Nano: Tata Phases Out 'World's Cheapest Car' As It Failed To Attract Pretty Much Anyone (Forbes)

PSA Makes Opel Profitable a Year After Buying It From GM (The Detroit Bureau)

Survey finds big gap in quality of sales approach at Tesla from store to store (LA Times)

Survey: Chinese automakers may face uphill battle when entering US market (Auto Remarketing)

Tariffs already being felt by US carmakers (The Detroit News)

Tesla earnings: Gear up for more drama after Model 3 production burst (MarketWatch)

Toyota plans to expand production, shrink cost of hydrogen fuel cell vehicles (Reuters)

Trump administration to freeze Obama-era fuel standards for cars, light trucks (USA Today)

Trump's steel, auto tariffs damage GM, Fiat Chrysler, Ford (USA Today)

Wednesday was a bad day for Detroit's automakers (CNBC)

-Automotive Evolution News-

GM owners can make money off their Buicks with Maven car-sharing service (CNBC)

Here’s a Way for Self-Driving Cars to Become Better Citizens (Car and Driver)

Michigan Makes A New Bid To Dominate The Autonomous Age (Forbes)

Millennials -- Once Viewed As Auto Market's Lost Generation -- Now Are Its Biggest Growth Driver (Forbes)

Mine Is Bigger: Why Larger EV Batteries Are Not The Answer (Forbes)

Self-driving car testing bill may get Senate vote (MarketWatch)

Tesla will have a KITT-like artificial intelligence in its vehicles, says Elon Musk (Electrek)

Waymo strikes deals with Walmart, others to boost access to self-driving cars (CNBC)

-Automotive Retail News-

Asbury sees used-vehicle retail sales rise by 7 percent in Q2 (Auto Remarketing)

Auto retailer beats on earnings, thanks to higher used-car sales (CNBC)

CarGurus Study Focuses on Just How Today's Consumers Shop for Cars (Ward’s)

Group 1 Automotive posts strong profit on used car demand (Reuters)

Strong Group 1 Q2 performance fueled by focus on used vehicles (Auto Remarketing)

The Coolest New Cars For 2019 (Forbes)

US Auto Sales Predicted to be Flat in July (The Detroit Bureau)

Wells Fargo to Begin Growing Auto Loan Portfolio by Mid-2019 (Auto Dealer Monthly)

-Automotive Wholesale News-

June Depreciation Reaches 5-Year Low (Vehicle Remarketing)

Manheim Releases Mobile App for Dealers (Auto Dealer Monthly)

-Automotive Ownership News-

Road warriors: These cars are driven the most miles every year (Detroit Free Press)

There's No Easy Cure for High Gas Prices (Bloomberg)

-Automotive Enthusiast News-

Tesla is selling $1,500 surfboards now, but they sold out instantly (Mashable)

What are the hottest classic and muscle cars in your state? (Detroit Free Press)

-General Business & Executive News-

Autotrader Enlists Conan O'Brien For Branded Content (MediaPost)

Consumers Ask, Automakers Deliver: APEAL Shows Biggest Improvement in Study’s History, J.D. Power Finds (J.D. Power)

Dealers United Acquires What’s Next Media (Dealers United)

Google Joins The Race To $1 Trillion (TechCrunch)

Sergio Marchionne, who saved Chrysler and Fiat, dies at 66 (USA Today)

-AEA Reminder-

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Have a great week,

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