Top Automotive Industry News for Week of June 1 - June 6, 2021

Here is the most important news associated with the automotive industry identified by the AEA for the week of June 1, 2021 – June 6, 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-

As electric vehicle sales surge, discussions are now turning to noise and safety (CNBC)

Auto Industry Production Wilts Under Pressure From Chip Shortages, But There Are Plusses (Forbes)

China EV maker betting on cult status to sell a million cars (Detroit News)

Electric-van startups race for a 'golden ticket' order (autoblog)

Electric-vehicle firm Rivian could seek $70 bln valuation in IPO (Reuters)

Ford could face $1B federal penalty after years-long dispute over Transit Connect vans (Detroit Free Press)

Ford posts 4.1% sales gain in May amid tightening inventory (The Detroit News)

Ford to expand profitable truck lineup with new small Maverick pickup (CNBC)

GM ready to rev up output of popular trucks, expects uptick in financial results (The Detroit News)

Volkswagen tests electric cars, transit apps on Greek island (The Detroit News)

-Automotive Retail News-

2021 Cox Automotive Market Insights and Outlook Flipbook Available (Cox Auto)

ACV Launches Private Marketplaces for Dealership Groups & Commercial Partners to Host Closed Digital Auctions (Auto Dealer Today)

Auto Dealers, Lenders Brace for Stiffer Regulation Under Biden (WardsAuto)

GM to increase vehicle deliveries to dealers: 'Help is on the way' (Detroit Free Press)

Light Vehicle Sales Continue to Rebound as Microchip Shortage Squeezes Supply (Auto Dealer Today)

May Sales Showcase Continued Strong Demand (Cox Auto)

Nissan’s Most-Viewed Auto Ad Resonates With Audiences (WardsAuto)

Robust 2020 Profits Inflating Dealership Sale Prices (WardsAuto)

The Road to the Sale: Trust, Transparency, and the Transaction (Auto Dealer Today)

Used Car Prices Rising Fast, with Some Models Up 30 Percent or More (Car and Driver)

Used Vehicle Prices Skyrocket as New Vehicle Inventory Wanes (Auto Dealer Today)

Weekly Market Insights (Black Book)

-Automotive Servicing & Ownership News-

7-Eleven to install 500 EV charging ports by the end of 2022 (TechCrunch)

Tesla is recalling up to 7,696 Model 3 and Y vehicles over seat belt issues (CNBC)

US traffic deaths up 7% last year, highest number since 2007 (Detroit News)

-General Business & Executive News-

Allstate buys low-cost auto insurance provider SafeAuto for $300 million (Chicago Tribune)

Automotive Tech Leader CDK Global Acquires Digital Retail Platform Roadster (AP News)

Autonomous vehicle startup Aurora in final talks to merge with SPAC (TechCrunch)

Biden’s electric vehicle plan includes battery recycling push (Reuters)

California will allow GM-backed Cruise to transport passengers in driverless test vehicles (CNBC)

myKaarma Acquires Pocket Expert (Automotive Ventures)

Nearly Half of All Americans Support Phasing Out Internal Combustion Vehicles for Evs (The Detroit Bureau)

Rebranded Toyota Ventures invests $300 million in emerging tech and carbon neutrality (TechCrunch)

Solera Acquires eDriving (PR Newswire)

U.S. House Democrats propose $547 billion surface transport plan (Reuters)

Volkswagen nears dieselgate claims settlement with former CEO Winterkorn (autoblog)

-AEA Reminder-

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Have a great week,

Automotive Executives Association

Automotive Executives Association