Top Automotive Industry News for Week of July 24 - July 30, 2017

Here is the most important news associated with the automotive industry identified by the AEA for the week July 24, 2017 - July 30, 2017.

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 from 6:00pm to 8:45pm on Tuesday October 24th, in Las Vegas. Final details and member invitations will be sent via email soon.

-Automotive Manufacturing News-

American Motorists Overwhelmingly Favor Stricter Mileage Rules, Finds New Study (The Detroit Bureau)

Consumers Find New Vehicles More Appealing Than Ever, J.D. Power Research Shows (J.D. Power)

EPA approves long-awaited fix for Volkswagen diesel cars (USA Today)

FCA earns $1.4B on 2Q global profits (The Detroit News)

Feds expand probe into Ford Explorer exhaust fume leaks (The Detroit News)

Feds indict three in Fiat Chrysler-UAW scam case (USA Today)

Ford makes $2B in second quarter, up 3.7% (The Detroit News)

GM beats on earnings (Business Insider)

How Volkswagen Rallied Its Employees After Its Emissions Scandal (At Least For Now) (Forbes)

Hyundai Motor profit slumps, warns China, U.S. sales malaise to persist (Reuters)

Hyundai saw its net profit slashed, and it has the US and China to blame (CNBC)

Maserati, foreign sales boost Fiat Chrysler profit (USA Today)

Maserati makes move toward electric vehicles (Detroit Free Press)

More U.S. cars are being made in Mexico (FOX Business)

Musk risks missing the mainstream if Model 3 strays from $35,000 (Automotive News)

Nissan-Renault beats VW, Toyota as top auto seller (USA Today)

Three Large Cars Get Top Safety Designation, But Tesla Model S Comes Up Short (Forbes)

Toyota Long-Range EV Could Bring Battery Breakthrough to Market (The Detroit Bureau)

UBS expects wider loss for Tesla; thinks Model S and X demand is slackening (CNBC)

VW profit jumps as core brand pushes cost cuts, models (CNBC)

-Automotive Evolution News-

Why BMW is betting on the cloud (TechCrunch)

Congressional panel moves to give feds say over self-driving cars (Detroit Free Press)

My next car is electrified, says Shell CEO (autoblog)

Unions urge slowdown as self-driving car bills pick up speed (Automotive News)

-Automotive Retail News-

10 Most Awarded Cars, Brands of 2017 by Kelley Blue Book (KBB)

Asbury to discontinue Q auto used-car business (Auto Remarketing)

Chip Perry: Transparent dealers produce more opportunities (CBT News)

Group 1 Q2 net falls 16% on energy markets (Automotive News)

July U.S. sales expected to fall for 7th straight month (Automotive News)

July used sales expected to climb to 3.4M (Auto Remarketing)

Lithia extends record performance streak to 27 straight quarters (Auto Remarketing)

New-Vehicle Sales Expected to Fall 6% in July (Vehicle Remarketing)

Penske Automotive says Q2 net income rises 14 percent (Automotive News)

Sonic sets used retail record, turning nearly 31K units (Auto Remarketing)

Tesla Delivers: First 30 Owners Get New Model 3s (The Detroit Bureau)

What a mystery shopping study reveals about dealership processes (CBT News)

-Automotive Wholesale News-

Fla. car buying company's 'fresh' used inventory attracts dealers nationally (Auto Remarketing)

Prices for 1 specific SUV segment soften in summer heat (Auto Remarketing)

Subcompact Luxury Crossovers Lead Weekly Depreciation (Vehicle Remarketing)

-Automotive Ownership News-

Cars Suck Up Data About You. Where Does It All Go? (The New York Times)

High Demand Means Higher Gas Prices (Cars.com)

Prescription Opioid Involvement In Fatal Car Crashes Climbs Sevenfold In Last Two Decades (Forbes)

Speed kills - and now we know it kills as much as drunk driving (autoblog)

-Automotive Enthusiast News-

5 of the rarest and most expensive cars ever sold (CNBC)

Today is the Ford pickup truck's 100-year anniversary (USA Today)

Updated 2018 Ford Mustang GT is Faster Than a Porsche 911 Carrera (MSN Autos)

-Automotive Servicing News-

2017 Dodge Challenger Recalled for Rollaway Concerns (The Drive)

Ford recalling 117,000 vehicles for bolt issue (Detroit Free Press)

RepairPal Releases Study Showing the Top Cities Most (and Least) Impacted by Automotive Recalls (PR Newswire)

-General Business & Executive News-

Amazon has its eye on the car market in next step toward world domination (Mashable)

Auto-auction powerhouse KAR investing millions into digital transformation (The Republic)

Britain to Ban Gasoline, Diesel Cars in 2040 (Cars.com)

Cars and retail drive fifth year of media agency bookings growth (AdNews)

Overstock.com launches vehicle buying & financing platform (Auto Remarketing)

How Tesla changed the auto industry forever (The Verge)

U.S. economy speeds up in second quarter, wages continue to lag (Reuters)

Waze joins Google Maps on Android Auto (Engadget)

Wells Fargo to compensate car loan customers forced to buy auto insurance (CNBC)

-AEA Reminder-

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Have a great week,

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