Top Automotive Industry News for Week of June 21 - June 27, 2021

Here is the most important news associated with the automotive industry identified by the AEA for the week of June 21, 2021 – June 27, 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-

Biden's EV charging push could boost automakers taking on Tesla (Autoblog)

Embattled EV start-up Lordstown touts ‘real employees at a real plant’ as it seeks capital infusion (CNBC)

Here Are All the Promises Automakers Have Made about Electric Cars (Car and Driver)

Honda becomes first Japanese automaker to go all-in on Evs (Detroit News)

Honda Puts All Its Eggs in the EV Basket (Auto Dealer Today)

Stellantis shipping yard flooded in Detroit, Jeep and Ford production disrupted (Detroit Free Press)

Tesla takes top 'American-Made' spot from Ford in list (Detroit Free Press)

VW will end sales of combustion engines in Europe by 2035 (Autoblog)

-Automotive Retail News-

Average New-Vehicle Prices Rise More Than $2,000 from Last Year, Hitting All-Time Record High for May, According to Kelley Blue Book (PR Newswire)

CarMax Reports Record First Quarter Fiscal 2022 Results (BusinessWire)

Cox Automotive Auto Market Report: June 22 (Cox Auto)

Electric vehicles will top global sales by 2033, study says (Detroit News)

Help Wanted: U.S. Automobile Dealers Struggle to Hire Employees While Business Booms (Cox Auto)

June Opens with Higher Used-Vehicle Supply – And Record-High Prices (Cox Auto)

Lexus Again Leads Most-Seen Auto Ads Ranking (Wards Auto)

Lucid Motors Opens New York City Flagship Studio (PR Newswire)

New-Car Shortage Pinches June Auto Sales, Drives Prices Higher, Forecasters Say (Forbes)

Some used vehicles now cost more than original sticker price (Detroit News)

Survey Shows Color Key Factor for 88% of Vehicle Shoppers (Wards Auto)

WardsAuto Megadealer 100: Revenues Down, Profits Up in 2020 (Wards Auto)

Weekly Market Insights (Black Book)

-Automotive Servicing & Ownership News-

Agero Introduces Touchless Towing Service (Wards Auto)

Far Majority of Consumers in Accommodation Programs Continued to Make Payments (Auto Dealer Today)

New Car Registrations Show a Surge in EV Ownership (Auto Dealer Today)

Traffic deaths jump for Black Americans who couldn't afford to stay home during Covid (CNN)

-General Business & Executive News-

Auto financing startup Lendbuzz raises $360 million in debt and equity (Reuters)

Automotive Hall of Fame to induct Black manufacturing leaders, race driver (Detroit News)

Bipartisan Infrastructure Plan Spends Billions on Roads, Bridges, EVs (Car and Driver)

Ford Motor Co. loses chief technology officer Ken Washington to Amazon (Detroit Free Press)

Panasonic sells its entire Tesla stake for $3.6 billion (Autoblog)

RouteOne and Tekion Announce Integrated Electronic Contracting and Signature Capabilities for Dealers (Auto Dealer Today)

Toyota-backed self-driving startup considers going public (Reuters)

US economy grows 6.4% in Q1, and it’s likely just the start (AP News)

-AEA Reminder-

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Have a great week,

Automotive Executives Association

Automotive Executives Association