Top Automotive Industry News for Week of June 14 - June 20, 2021

Here is the most important news associated with the automotive industry identified by the AEA for the week of June 14, 2021 – June 20, 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-

2022 Toyota Tundra TRD Pro Revealed in Official Photo (Car and Driver)

Audi sets 2026 end date for combustion engine cars (Reuters)

Bipartisan group of senators propose 25% tax credit for chips manufacturing (Detroit News)

Ford Acquires Electriphi To Help With Key Commercial Fleet EV Strategy (Forbes)

Ford says second-quarter earnings will ‘surpass expectations’ (CNBC)

GM expects inflation, semiconductor shortage to add $3 billion in extra costs in second half (CNBC)

GM increases electric, autonomous spending to $35 billion through 2025 (Detroit News)

Lincoln to introduce four new battery-electric vehicles starting next year (Detroit News)

Lordstown Motors reverses, says it has no firm truck orders (Detroit Free Press)

Nissan Slows Production Amid Chip Woes (Auto Dealer Today)

Polestar 3 electric SUV to be built and sold in the US (Electrek)

Porsche will develop and build battery cells for electric race cars (Autoblog)

Toyota thanks shareholders for support after shares hit record high (Reuters)

Volkswagen, Daimler Join Lithium-Management Partnership (Wards Auto)

VW aiming for 'massive' shift toward more EVs, spurred on by Biden plan (Autoblog)

-Automotive Retail News-

Dealers Advertising to Replenish Inventory (Wards Auto)

Ford Bronco Sold Out for Years, Orders Pour in for F-150 Lightning and Maverick (Motor Trend)

Lexus Moves to Top of Most-Seen Auto Ads Chart (Wards Auto)

Surge in Wholesale Prices Slowing (Cox Auto)

Used-Car Prices Spiked 30% in Just One Year (

Weekly Market Insights (Black Book)

-Automotive Servicing & Ownership News-

Americans are keeping their cars longer than ever before, as used-car prices hit record highs (Business Insider)

Average vehicle age in U.S. hits a new all-time high in 2020 (Autoblog)

Car travel jumped by 55% in April over 2020 levels (Autoblog)

Mitchell Collaborates with Toyota to Provide Real-Time Access to Vehicle Recall Data (PR Newswire)

Survey: Honda, Toyota Have Lowest Service, Warranty Costs (Wards Auto)

-General Business & Executive News-

After years of shifting gears, online car sales platform Tred settles on model and lands $3M (Geekwire)

Baidu pushes to put driverless taxis on China’s roads, pledging to build 1,000 in 3 years (CNBC)

Consumers Shift Spending to Services (Auto Dealer Today)

Henry Ford III stepping down from job at automaker after 15 years (Detroit Free Press)

The US economy is never going back to 'normal' (CNN)

Tractable raises $60M at $1B valuation to make damage appraisals using AI (TechCrunch)

U.S. IPOs hit annual record in less than six months (Reuters)

VW says data breach at vendor impacted 3.3 million people in North America (Reuters)

Waymo raises $2.5 billion in second external funding round (The Verge)

-AEA Reminder-

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Have a great week,

Automotive Executives Association

Automotive Executives Association