Top Automotive Industry News for Week of June 1 - June 7, 2020

Here is the most important news associated with the automotive industry identified by the AEA for the week of June 1, 2020 - June 7, 2020.

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

-Automotive Manufacturing News-

"Let's stop asking 'why' and start asking 'what:' automakers write employees in wake of George Floyd death (The Detroit News)

Against the odds: Detroit 3, foreign transplants play to strengths in COVID crisis (The Detroit News)

Bentley and Aston Martin cutting jobs as coronavirus derails luxury car market (CNBC)

Electric truck maker Nikola looks like Tesla 2.0 — except even riskier (The LA Times)

Ex-UAW president pleads guilty to racketeering and embezzlement as part of ongoing probe into union corruption (CNBC)

FCA picks CEO, chair for Comau robotics unit on way to PSA Group merger (Detroit Free Press)

Ford delays return-to-work plans for salaried employees until September (CNBC)

Ford re-evaluates office space in coronavirus world (Reuters)

Ford restarts all its operations south of the border, FCA adds shifts (Detroit Free Press)

Ford to unveil hotly anticipated new Bronco this summer (USA Today)

GM, Ford, FCA leaders call for inclusion, end to racism in wake of George Floyd death (USA Today)

GM CEO Mary Barra expects North American plants to return to near pre-coronavirus levels by late June (CNBC)

Honda Producing 130,000 Face Shields for Pandemic First Responders (The Detroit Bureau)

Volkswagen closes $2.6 billion investment in self-driving start-up Argo AI (CNBC)

-Automotive Evolution News-

Autopilot Or Not, Tesla Drivers Need To Pay Attention (Forbes)

Driverless Cars Won’t Prevent Most Accidents, Insurance Institute Study Finds (Forbes)

GM Cruise tries to poach Zoox engineers as company for sale (Reuters)

Self-driving sector contends its cars can prevent many more crashes than insurance study says (Reuters)

-Automotive Retail News-

Are Auto Sales Back on Track? May Depend on Automakers Throwing More Cash at Buyers (The Detroit Bureau)

AutoNation cuts 3,500 workers for good (Fox)

Auto Sales in May Show Slow Recovery as States Reopen (Car and Driver)

CarGurus Announces 2020 Best Used Car Awards (Globe Newswire)

Dealerships are opening up again. But good luck finding the car you want (CNN)

Expert Advice for F&I During COVID-19 (Auto Dealer Today)

J.D Power COVID-19 Valuation Services Update (J.D. Power)

May's U.S. auto sales trends show promise for reopening (autoblog)

Rental fleets' cancellations drag down otherwise promising U.S. vehicle sales (autoblog)

U.S. auto sales rebound somewhat from dismal April as states lift coronavirus restrictions (CNBC)

Used-car sales surge in bargain-conscious coronavirus economy (autoblog)

Used-Car Sales Show Strong Rebound in May (The Detroit Bureau)

-Automotive Servicing News-

Nissan recalls nearly 1.9M cars for pesky hood latch problem (Detroit Free Press)

-General & Executive News-

Auto Industry Leaders Speak Out on Black Lives Matter, U.S. Unrest (The Detroit Bureau)

Auto recovery may take years, with $72 billion in new debt to pay off amid projected sales slump (The Detroit News)

Coronavirus: Wells Fargo will no longer accept loan applications from most independent car dealerships (USA Today)

Detroit's largest corporations take stand against racism (The Detroit News)

Integration expands Zubie's vehicle rental software network (Auto Remarketing)

Online used car seller Vroom raises IPO price range (Reuters)

Unemployment Down; How Coronavirus Will Force The Auto Industry To Decide Where To Rehire (Forbes)

US Car Rental Bankruptcies May Further Pressure Used Car Prices (Fitch)

-AEA Reminder-

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Have a great week,

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