Top Automotive Industry News for Week of July 25 - July 31, 2016

Here is the most important news associated with the automotive industry identified by the AEA for the week July 25, 2016 - July 31, 2016.

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 Reception will be held in Las Vegas on Tuesday, October 25th, 2016 from 6pm – 9pm. More details and member invitations will be sent within the next few weeks.

-Automotive Manufacturing News-

Aiming at Tesla, Audi Planning Three Battery-Cars by 2020, CEO Says (The Detroit Bureau)

Apple taps BlackBerry talent as car project takes software turn, report says (Automotive News)

Audi will miss profitability goal as VW scandal, Takata hit earnings (Automotive News)

Battered by recalls, fines, auto industry still thrives (Detroit Free Press)

Brexit could cost Ford up to $1.2 bln over next 2 years (Market Watch)

Car or Drug? Dodge Campaign Includes Pharma-Like Warnings (AdAge)

Carmakers, environmentalists gear up for mpg fight (The Detroit News)

Despite Dieselgate, VW Bests Toyota as Top-Selling Carmaker (Fortune)

Exclusive: California regulator says testing to begin on Volkswagen diesel fix (Reuters)

Fiat Chrysler ending car production in U.S. (USA Today)

Ford Motor stock drops on lower profit (USA Today)

Ford plans to install Apple CarPlay, Android Auto in entire 2017 lineup (Automotive News)

Ford steers toward its worst day in 5 years after disappointing earnings (CNBC)

Ford warns of plant closures to combat $1 billion Brexit blow (CNBC)

Here's a breakdown of FCA's eye-popping sales restatement (Detroit Free Press)

Hyundai Suffers 10th Straight Profit Drop, Says U.S. 'Competition to Intensify' (Fortune)

Inside Tesla's ginormous Gigafactory (CNN)

Jaguar axes supercar plans, focuses on luxury EVs (Autoblog)

Light At The End Of The Tunnel For Struggling VW In U.S.? (Forbes)

Losing the X-factor: Hyundai fumbles in U.S. as former hit car Elantra stalls (Reuters)

Mercedes-Benz defends self-driving E-Class sedan ad (USA Today)

Mercedes-Benz pulling ‘Drive Pilot’ commercial (The Detroit News)

Mobileye Is Ending Its Relationship With Tesla on Future Self-Driving Car Tech (Fortune)

Nissan Enjoys Strong Quarterly Earnings (The Detroit Bureau)

Porsche to create more than 1,400 jobs for electric car (Reuters)

Report: Fiat Chrysler internal report finds inflated sales (Detroit Free Press)

Tesla employees voiced concerns during Autopilot development (autoblog)

Tesla Faults Brakes, but Not Autopilot, in Fatal Crash (The New York Times)

Toyota Prius Plug-in lawsuit claims EV range was false advertising (autoblog)

Traders falling back in love with cult stock Tesla (CNBC)

U.S. extends oversight of Fiat Chrysler safety practices by a year (Reuters)

Volkswagen Shares On The Slide After Own Brand Margin Falls (Forbes)

Why Mazdas Steer Better Than The Competition (Forbes)

-Automotive Retail News-

3.4 million used-car sales likely for July (Auto Remarketing)

Auto Sales Record Looks Unlikely For 2016, But No Plunge Either (Forbes)

AutoNation CEO repeats warning of overdoing incentives (Auto Remarketing)

Avis Budget Group & TrueCar to promote off-rental vehicles (Auto Remarketing)

Best used-car deals are plug-in vehicles (The Detroit News)

Car Buyers and Shoppers Crave Advanced Technology, Study Shows (Auto Dealer Monthly)

EchoPark, F&I Offset Sagging Sales Numbers for Sonic in Q2 (Auto Dealer Monthly)

FCA dealers getting subpoenas related to sales probe (Detroit Free Press)

FCA new-car sales ‘streak’ actually ended nearly 3 years ago (Auto Remarketing)

FTC Issues Refunds to Buyers of Bogus "Extended Auto Warranties' (Auto Dealer Monthly)

Infiniti Introduces App to Sell Cars (CBT News)

July U.S. auto sales up 2.4 percent, full-year sales to drop: forecasters (Reuters)

Land Rover's Digital Showroom Tops Rivals in New Study (Edmunds)

More Dealers Offer Lexus Plus; Second Wave in the Works (Edmunds)

Most Used-Vehicle Segments Decline at Steady Rate (Vehicle Remarketing)

Slight gains expected for July U.S. sales as analysts lower outlooks for 2016 (Automotive News)

The Future of Auto Retail: Creating Connected Experiences (Driving Sales)

Why Ford is talking like auto sales have peaked (USA Today)

-Automotive Wholesale News-

11 vehicle segments see June residuals tick higher sequentially (Auto Remarketing)

Black Book reps spot slowing lane activity (Auto Remarketing)

KBB: Auction Volume Declines in Q2 (Vehicle Remarketing)

-Automotive Ownership News-

Already Cheap Gas Will Get Even Less Expensive This Summer (Time)

Get Safer Teen Drivers by Giving Them Better Cars (The Detroit Bureau)

Many U.S. Car Owners Are Ignoring Recalls (Forbes)

They may be annoying, but red-light cameras save lives: IIHS (CNBC)

Wyoming Most Expensive State to Own a Vehicle (The Detroit Bureau)

-Automotive Enthusiast News-

Car Ads Didn’t Used to Be So Bleh. They Were Serious Art (Wired)

Concours d’Elegance to showcase classics old and new (The Detroit News)

Four Squared: BMW M4 GT4 to Start Racing in 2018 (Car & Driver)

Huge 'Jason Bourne' chase scene wrecked this many cars (USA Today)

Time Inc. Buys Then Quickly Kills Fast Lane Daily (Jalopnik)

-Automotive Servicing News-

Cox Automotive: Service Contracts, Warranties Drive Service Retention (Auto Dealer Monthly)

GM innovates vehicle service scheduling with mobile platform (Mobile Marketer)

New Hyundai Genesis Arriving With Complimentary Maintenance (Auto Dealer Monthly)

Study Finds 45 Million Vehicles on US Roads With Unrepaired Recalls (The Detroit Bureau)

-General Business & Executive News-

Automotive Hall of Fame moving to Detroit (Autoblog)

AutoNation expands TrueCar pilot, in latest sign of reconciliation (Automotive News) (TGNA) to Acquire DealerRater (Street Insider)

Cox shifts into 'integration mode' after shopping spree (Automotive News)

Could subprime auto loans lead to same economic catastrophe as risky mortgages? (MarketWatch)

Disappointing 2nd-Quarter Growth, Despite Strong Consumer Spending (NY Times)

FordDirect COO Stepping Down (Auto Dealer Monthly)

Porsche skipping 2017 Detroit Auto Show (autoblog)

Sputtering Car Sales Pose a Risk to U.S. Retail Momentum (Bloomberg)

Uber Spending $500 Million to Make its Own Maps (PC Magazine)

Verizon Buys Yahoo For $4.83 Billion (DrivingSales News)

-AEA Reminder-

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Have a great week,

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