Top Automotive Industry News for Week of July 30 - August 5, 2018

Here is the most important news associated with the automotive industry identified by the AEA for the week July 30, 2018 - August 5, 2018.

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

-AEA Membership News-

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The next AEA Members Reception will be held on Tuesday October 23rd, 2018 in Las Vegas. Invitations have been sent to all current AEA Members. If you have any questions, please contact memberservices@automotiveexecutives.com

-Automotive Manufacturing News-

Auto Manufacturing 4.0: the Data-Driven Factory (Ward’s Auto)

EPA chief: Obama fuel economy standards could cost $500B (Detroit Free Press)

EVs May be Rising, But Internal Combustion Not Just Going Away (The Detroit Bureau)

GM will reward researchers for finding cybersecurity threats (Automotive News)

Highlights of Elon Musk on Tesla's earnings call: 'I would like to apologize' (CNBC)

Oil Industry Is Big Winner As EPA Freezes Mileage Rules; EPA, California Prepare For Court Fight (Forbes)

Tesla had its best day in over 4 years after promises of a profitable second half (CNBC)

Toyota logs record 2Q profit (The Detroit News)

Trump Admin. Reveals CAFE Rollback Plan Putting Emphasis on Safety, Cost Over Efficiency (The Detroit Bureau)

Trump administration wants to freeze gas-mileage standards, reversing Obama (USA Today)

Trump trade war will add $3,000 to price of some popular pickup trucks, minivans, Toyota says (CNBC)

-Automotive Evolution News-

18 Subscription Programs That Are Changing Auto Finance (Auto Finance News)

Access by BMW subscription plan tweaked with new tier, lower rates (CNet)

Alphabet tests a new use for self-driving cars: to get you to the bus stop (CNBC)

Health Officials Prepare to Track Electric Scooter Injuries (The New York Times)

Robotic-car law hits roadblock in Senate (The Detroit News)

The Revolution Will Be Electrified: How Cities Are Dealing With New Mobility (Forbes)

Three Companies Vying For Traction In Self-Driving Software Platform Race (Forbes)

Uber shuts down its controversy-steeped self-driving truck effort to focus on autonomous cars (USA Today)

-Automotive Retail News-

2 factors perhaps driving rise in used-vehicle sales (Auto Remarketing)

5 hottest-selling U.S. vehicles in July: Ford, Jeep, Audi make the list (USA Today)

Automakers Watch July Sales Get Hammered (The Detroit Bureau)

Buyers Sit Out July Due to Higher Interest Rates, Fewer Incentives (The Detroit Bureau)

Capital One: Auto Growing as Competition Intensifies (Auto Dealer Monthly)

‘Do You Really Think Customers Will Buy Cars Online?’ (Ward’s Auto)

Ford car sales plunge, but Jeep sales soar for Fiat Chrysler in July (USA Today)

Industry Experts Predict Decreased July Sales (DrivingSales)

KBB: Avg. Transaction Price in June Rises 3% (Auto Dealer Monthly)

Major automakers report drop in US vehicle sales for July (CNBC)

Slumping sedan sales bring down July results (The Detroit News)

Zero Percent Finance Deals Drop to 13-Year Low (Auto Dealer Monthly)

-Automotive Wholesale News-

Vans, Pickups, and Sporty Cars Drive Down Weekly Depreciation (Vehicle Remarketing)

Wholesale prices stay ‘unusually strong’ as August arrives (Auto Remarketing)

-Automotive Ownership News-

From selfies to drunken driving, teens pick up bad driving habits from parents, auto insurer says (CNBC)

-Automotive Enthusiast News-

5 of the Most Expensive Cars Headed to Monterey Car Week 2018 (The Manual)

Most valuable car ever auctioned to go on sale later this month (CNN)

Prince Harry is selling his Audi on AutoTrader (Driving)

-Automotive Servicing News-

Fiat Chrysler recalls 1.1M Ram pickups: tailgates could fly open (USA Today)

More than Half of Consumers Paid for Major Car Repairs in the Last Five Years, According to an Ally Survey (PR Newswire)

Tariffs on auto parts could make cars more valuable to thieves (CBS)

-General Business & Executive News-

Auto problems top annual ranking of US consumer complaints (ABC News)

Cars.com launches product for Facebook Marketplace that promotes dealer listings (Auto Remarketing)

Economy grew 4.1 percent in the second quarter, fastest pace in four years (USA Today)

How the US economy is doing now in four charts (CNN)

Investors Park $90M In Pay-Per-Mile Insurance Startup Metromile (CrunchBase)

Marketing automation provider PureCars launches in Canada (Auto Remarketing)

National Auto Care Acquired by Private Equity Firm (Auto Dealer Monthly)

Online Search For Autos Holds Steady, Despite Expected Sales Drop (MediaPost)

Rental Car Business Being Squeezed by Ride Sharing (The Detroit Bureau)

-AEA Reminder-

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Have a great week,

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