Top Automotive Industry News for Week of June 2 - June 8, 2014

Here is the most important news associated with the automotive industry identified by the AEA for the week of June 2 – June 8, 2014.

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

- Automotive Manufacturing News –

A push to adjust backup cameras: Auto lobby seeks to tweak U.S. rule to free up design (Automotive News)

Chinese Car Makers Are Driving Uphill (The Wall Street Journal)

Consumers Believe Honda, Mercedes Provide Highest Quality, ALG Reports (Auto Dealer Monthly)

Daimler's Smart Car Nears Relaunch of Four-Door For Four (Businessweek)

Dennis Williams elected UAW president as King retires (Automotive News)

Fiat launches lower-cost Maserati at $68,000 (CNBC)

Ford ‘light-weighting’ concept focuses fuel savings (MSN Autos)

GM dismisses 15 employees as 'deeply troubling' recall probe is released (Automotive News)

Lexus Beating Mercedes Shows U.S. Luxury a 3-Brand Race (Bloomberg)

Mainstream VW down while high-dollar Euro makes are up (USA Today)

McLaren: into profit, but no SUV (TopGear)

Mini reveals all-new and first-ever five-door hatchback, goes on sale later this fall (egmCarTech)

Musk’s Tesla to Name Final Gigafactory Site Around Year-End (Bloomberg)

New Corvette Z06: Most powerful GM car ever (MSN Autos)

Record U.S. Sales With Sustained Profit Sets Trend (Bloomberg)

- Automotive Retail News –

17-Percent Hike in Late-Model Supply to Push CPO (Auto Remarketing)

A big-city test for no-haggle pricing (Automotive News)

Audi's 11% May sales rise reinforces challenge to BMW (Automotive News)

AutoNation's sales in May were best since 2006 (Sun Sentinel)

BMW Sees Increase in Sales for May 2014 (The Diesel Driver)

Experian: Average Loan Terms Stretch to Record High (F&I Showroom)

Ford: May sales up 3% with Fusion, Escape posting best-selling months (MLive)

FTC crackdown on Consumer Portfolio Services start of 'regulatory onslaught' (Automotive News)

Jeep Brand Sets Third Consecutive Monthly Global and U.S. Sales Records (Digital Journal)

GM, Ford, Chrysler, Toyota post strong May auto sales gains (LA Times)

KBB: New-Car Transaction Prices Rise in May (Auto Dealer Monthly)

Mercedes to double downtown outlets as customers move to cities (Automotive News)

Toyota, Nissan post big gains, Honda rebounds (USA Today)

US Auto Sales Hit 9-Year High in May (ABC News)

- Automotive Wholesale News –

May Depreciation Levels Reveal Signs of Summer Slowdown, Black Book Reports (Auto Dealer Monthly)

May’s Manheim Index Shows 4.7% Price Rise (Auto Remarketing)

Used-vehicle prices dipped in May, but pickup prices edged up (Automotive News)

- Automotive Ownership News –

Auto accidents are No. 1 cause of death for U.S. teens (LA Times)

More Data Confirms: Electric-Car Drivers Really Love Their Cars (Green Car Reports)

Privacy an issue in auto technology, expert says (The Detroit News)

Why your commute is getting worse (CNN Money)

- Automotive Enthusiast News –

America's Most Prolific Car Collector Is Selling His Entire Collection (Jalopnik)

Driving Fast - A New Luxury Club For Car Lovers (Forbes)

History's eye-popping race cars rev it up (CNN)

Lamborghini Countach LP400 breaks $1 million sale barrier (AUTOWEEK)

- Automotive Servicing News –

Auto parts makers are in a game of cat and mouse (Fortune)

Chrysler Recalls 10,700 SUVs for Cruise Control Defect (NBC News)

Ford recalls affect 1.4 million vehicles (CNN Money)

GM recalls 106,000 more vehicles (CNN Money)

- General Business & Executive News –

Chrome Is Now More Popular Than Internet Explorer (Mashable)

Dealer Sales Staff Turnover Falls But Remains Above 100% (Auto Remarketing)

Here’s The Schedule Very Successful People Follow Every Day (Business Insider)

KKR buying CarsDirect.com owner Internet Brands for $1.1 billion (LA Times)

Seattle Approves $15 Minimum Wage, Setting a New Standard for Big Cities (NY Times)

Softbank Introduces Robot with ‘Heart’ (WSJ)

S&P 500 nearing the 2K summit (MSN Money)

Uber Valued at $17 Billion in New “Record-Breaking” Round (Recode)

- AEA Reminder -

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Have a great week,

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