Top Automotive Industry News for Week of July 5 - July 11, 2021

Here is the most important news associated with the automotive industry identified by the AEA for the week of July 5, 2021 – July 11, 2021.

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

-Automotive Executives Association (AEA) News-

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-Automotive Manufacturing News-

Dodge will launch the 'world's first electric muscle car' in 2024 (Autoblog)

Electric Dodge muscle car and Ram pickup part of Stellantis’ $35.5 billion EV plans (CNBC)

EU fines BMW, VW $1B for running emissions cartel since the 90s (TechCrunch)

Ford secures chip supply for waiting F-Series pickups (Autoblog)

Lexus Finally Gets Charged Up Over Evs (The Detroit Bureau)

Plug-In Sales Surging, BMW Now Targets All-Electric Market with i4, iX (The Detroit Bureau)

Porsche to create hypercar company with Bugatti and Croatian electric vehicle maker Rimac (CNBC)

Presenting Car and Driver's 2021 EV of the Year (Car and Driver)

Stellantis in Lithium Supply Deals With California, German Firms (US News)

Volkswagen hands CEO Diess contract extension ahead of strategy presentation (Reuters)

Volkswagen says preliminary results show first half profit of $13 billion, boosted by record deliveries (MarketWatch)

Volvo Discontinues V90 and Base V60 Wagons for 2022 (Car and Driver)

-Automotive Retail News-

Americans are Borrowing Again (Auto Dealer Today)

Auto Market Weekly Summary (Cox Auto)

CarLotz to open LA-area hub (Auto Remarketing)

Cox Automotive Auto Market Report (Cox Auto)

Dealer group roundup: Asbury's new CFO, Group 1's UK expansion & Wahlberg's new dealership (Auto Remarketing)

Shift adds two more markets in Texas (Auto Remarketing)

Weekly Market Insights (Black Book)`

-Automotive Servicing & Ownership News-

GM recall: Side air bags can explode in Chevy, GMC pickups (Detroit News)

Service Department: Major Road to Car Dealership Vehicle Sales (Wards Auto)

Steering wheel part can shatter on Mazdas if air bags deploy (Detroit News)

-General Business & Executive News-

Agenda Set for 2021 NIADA Convention and Expo (Auto Dealer Today)

Concours d’Elegance of America Comes to Detroit in 2022 (Wards Auto)

Economists Lift U.S. Growth Forecasts Even as Pace Set to Cool (Bloomberg)

Elon Musk's Boring Company gets approval to build tunnels in Florida (Mashable)

J.D. Power Acquires Leading Automotive Finance & Insurance Software Provider Superior Integrated Solutions/Darwin Automotive (BusinessWire)

Toyota halting contributions to U.S. lawmakers who opposed Biden election certification (CNBC)

-AEA Reminder-

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Have a great week,

Automotive Executives Association

Automotive Executives Association