Top Automotive Industry News for Week of July 3 - July 9, 2017

Here is the most important news associated with the automotive industry identified by the AEA for the week July 3, 2017 - July 9, 2017.

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

-Automotive Manufacturing News-

Audi exec charged with fraud over polluting diesels (The Detroit News)

Bad week for Elon Musk's Tesla. Good week for short sellers (LA Times)

BMW looks to trim costs by $1.14 billion, report says (Automotive News)

Elon Musk Tweets First Production Tesla Model 3 Images (Forbes)

Ferrari SUV in the works, finally? (autoblog)

GM, VW Lead Pack in Battle for North American Car, Truck, Utility Vehicle of the Year Honors (The Detroit Bureau)

GM tops Tesla as most valuable carmaker in U.S. (The Detroit News)

Industry braces for Trump decision on steel (Automotive News)

Past and Present, Volvo Has Always Been the Future of Cars (Wired)

Tesla deliveries lackluster in second quarter, but all eyes are on Model 3 (CNBC)

Tesla stock suffers as Volvo takes aim, heating up electric car race (USA Today)

Three big cars get top IIHS crash rating — not Tesla (USA Today)

Too much car-making capacity? Detroit Three vehicle sales slip again in June (Detroit Free Press)

Top 10 Global Automakers: Daimler Out, PSA In, Ford Up, Hyundai-Kia Down (Forbes)

Toyota: No Plans to Build New Manufacturing Plant in US (The Detroit Bureau)

Toyota’s $1 Billion Headquarters (MotorTrend)

Toyota turns to rental lots for lift in slowing market (Automotive News)

Trump wants a trade deal, but South Korea doesn't want US cars (autoblog)

Try And Try Again, Tesla Model S Still Can't Ace Tough Crash Test. Automatic Braking Still Untested (Forbes)

U.S. will reexamine penalty rate for vehicle fuel economy standards (Reuters)

Volvo ditching gasoline engines for electric, hybrid cars after 2019 (USA Today)

Why VW thinks it has the edge over Tesla with EVs (Automotive News)

-Automotive Evolution News-

Avis Budget Group to service Waymo’s self-driving fleet (Auto Remarketing)

Car companies' vision of a gradual transition to self-driving cars has a big problem (CNBC)

China's Baidu taps 50 partners to help advance self-driving cars (CNBC)

Detroit’s shift away from cars leads to historic change (CNBC)

France Expected to Ban Gas, Diesel Vehicles – But Not Until 2040 (The Detroit Bureau)

Why hybrid cars aren't dead (despite what you may have heard) (USA Today)

-Automotive Retail News-

Automakers unlikely to set a record with ’17 sales (The Detroit News)

Carvana adds Louisville to growing footprint (Auto Remarketing)

CPO car sales up 1.2% in first half of year (Auto Remarketing)

Dealers to See More Traffic in the Second Half of the Year (CBT News)

Economy is strong, but auto sales drop in 1st half of year (CNBC)

Edmunds: Term Lengths Stretch to All-Time High in June (Auto Dealer Monthly)

June 2017 Auto Sales Totals (CBT News)

June Dealership Digital Marketing Report (DrivingSales)

Luxury Cars Offer More Models, But Find Less Buyers (NY Times)

U.S. Auto Sales Continue to Fall, Slipping 2 Percent For The Year (Forbes)

U.S. auto sales fall for fourth straight month in June (Reuters)

U.S. auto sales receding: Cars ailing, crossovers booming (USA Today)

US auto dealers expect 2017 new vehicle sales at 17.1 million (CNBC)

-Automotive Wholesale News-

Let's make a deal: Automakers, U.S. auctions align to prop up used car prices (Reuters)

Manheim takes mobile auction out to sea (Auto Remarketing)

Short-lived similarity as car depreciation accelerates again (Auto Remarketing)

Truck Values Remain Stable (Vehicle Remarketing)

-Automotive Ownership News-

The most satisfying cars in America (autoblog)

-Automotive Enthusiast News-

A famous techie created an $88 device that will let you 'hack' your car so that it can do new things (Business Insider)

Sixteen Books Every Auto Enthusiast Should Read (Car & Driver)

Tech CEO busted for riding in driverless car to his own convention (Mashable)

The $170,000 Breitling in the Bentley Bentayga, and other cobranding stories (autoblog)

-Automotive Servicing News-

Porsche, Audi SUV recalls may strike other automakers (Automotive News)

Volkswagen recalls 766,000 VW cars worldwide for brake system update (Reuters)

-General Business & Executive News-

Cars.com Receives Patent for Lot Insights Technology and Launches First On-the-Lot Trends Report (PR Newswire)

CDK Doesn’t Want to Be All Things to All People (Wards Auto)

US employers add strong 222K jobs; jobless rate at 4.4 pct. (Washington Post)

VW Credit Invests in AutoGravity (Auto Dealer Monthly)

Waymo drops most patent claims in Uber self-driving car lawsuit (TechCrunch)

Why The Auto Parts Retailers Will Slowly Go Extinct (The Drive)

-AEA Reminder-

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Have a great week,

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