Top Automotive Industry News for Week of July 6 - July 12, 2020

Here is the most important news associated with the automotive industry identified by the AEA for the week of July 6, 2020 - July 12, 2020.

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

-Automotive Manufacturing News-

Aston Martin Joins the Club, Debuts DBX Luxury Ute (The Detroit Bureau)

Engine shortage from Mexico could shut down Ford plants in US (The Detroit News)

Feds crack train heist involving new Detroit vehicles, black market key fobs (The Detroit News)

Fisker Sale in the Works, Could Take EV Start-Up Public (The Detroit Bureau)

Ford expects relaunch of iconic Bronco SUV line to stoke U.S. sales, profits, executive says (CNBC)

Ford Mach-E, Cadillac Escalade, Nissan Sentra among contenders for vehicles of the year (USA Today)

Ford Rejects Call to Abandon Police Vehicle Market (The Detroit Bureau)

Judge dismisses GM's racketeering lawsuit against Fiat Chrysler (The Detroit News)

Ghosn wired $860,000 to alleged escape plotter’s firm, US says (The Detroit News)

GM taps Cadillac boss to run North America in leadership change (Detroit Free Press)

Honda is latest automaker to join forces with CATL for electric car batteries (autoblog)

Karma Automotive raises $100 million as it looks to resell EV platform to other manufacturers (TechCrunch)

Rivian raises $2.5 billion in aggressive plan to beat Tesla and Nikola with the first all-electric pickup (CNBC)

Tesla “Very Close” to Level 5 Autonomy, Claims Musk (The Detroit Bureau)

Tough Road Ahead For Hyundai Motor’s Scion Amid Coronavirus Crisis (Forbes)

-Automotive Evolution News-

Coronavirus Scrambles Self-Driving Race, Pushing Nuro’s Delivery Bots To Front Of The Pack (Forbes)

Exclusive: Amazon plans at least $100 million to keep Zoox talent after $1.3 billion deal (Reuters)

-Automotive Retail News-

Asbury Automotive Group Announces Acquisition Of Park Place Dealerships And Provides Update On Recent Performance (Newswire)

CarMax shares wide array of updates for used-car retailer (Auto Remarketing)

CBT News MarketCenter Powered By Lotlinx (CBT News)

Dealers Need to Get Used to Online Sales, Study Suggests (The Detroit Bureau)

Edmunds Experts Say More Car Shoppers Are Turning to the Used Market During COVID-19 (Yahoo)

June Vehicle Sales Increased to 13 Million SAAR (NADA)

Used-vehicle sales a strong spot in June for Lithia, Asbury (Auto Remarketing)

-Automotive Wholesale News-

COVID-19 Market Update (Auto Dealer Today)

Wholesale vehicle prices hit record high, but pressures in store for 2nd half (Auto Remarketing)

-Automotive Ownership News-

Covid-19 hit July 4th travel harder in some states, study finds (CNBC)

-Automotive Servicing News-

Car recalls for July 2- 9 (USA Today)

FCA recalls 1.2M SUVs, minivans because pieces on steering wheels can become projectiles (Detroit Free Press)

-General Business & Executive News-

The Economy’s Second-Quarter High Might Turn into a Third-Quarter Hangover (U.S. News)

Uber confirms it is acquiring Postmates in $2.65B deal (TechCrunch)

US Auto Industry Under Threat At Home And Abroad (Forbes)

-AEA Reminder-

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Have a great week,

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