Top Automotive Industry News for Week of June 24 - June 30, 2019

Here is the most important news associated with the automotive industry identified by the AEA for the week of June 24, 2019 - June 30, 2019.

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

-Automotive Manufacturing News-

BMW doubles down on plug-ins and battery-powered cars, saying the future of sporty driving is electric (NBCNews)

Cars.com’s 2019 American-Made Index: What’s the Most American Car? (Cars.com)

Chevy is working on a truck that could be the first pickup to top $100,000 (CNBC)

Elon Musk emailed Tesla employees to push them to hit aggressive second-quarter goals (CNBC)

Ford confirms 12,000 job cuts in Europe, six plant closures (USA Today)

GM faces hurdles with launch of robotaxi fleet (Automotive News)

GM Investing $20M into Texas SUV Production Plant (The Detroit Bureau)

Podcast: Howes on automakers' looming 'profit desert' (The Detroit News)

Porsche: Expect sports cars to change more in the next seven years than they did in the last 70 (CNBC)

Ram tough: FCA turns up the heat on GM and Ford in U.S. truck sales war (Reuters)

Tesla says single battery module caused car fire in Shanghai, has changed vehicle settings (Reuters)

-Automotive Evolution News-

Apple buys autonomous-car startup Drive.ai: reports (MarketWatch)

Electric Car Charging Hassle Will Spur Buyer Resistance (Forbes)

How Self-Driving Cars Can Figure Out Parking (Forbes)

Michigan state parks could be opened for electric vehicle charging stations (Detroit Free Press)

There will be 33 million driverless cars sold annually by 2040 (USA Today)

Waymo makes autonomous vehicles available to Lyft riders (CNBC)

-Automotive Retail News-

At June 2019 Year Midpoint TrueCar’s ALG Maintains 17M Annual SAAR New Car Sales Forecast (Globe Newswire)

Edmunds warns of a tough 2019 for US auto industry as sales slide for second time since Great Recession and profits shrink (CNBC)

Equifax dealer survey gauges struggle to provide complete digital solutions (Auto Remarketing)

Group 1 Automotive amends and extends $1.8 billion revolving credit facility (Auto Remarketing)

High prices expected to cause new car sales drop in June (autoblog)

New Vehicle Sales Expected to Drop in June (The Detroit Bureau)

The future of car shopping is online: Ditch dreaded price negotiations and cut the hassle (USA Today)

U.S. auto sales seen dropping in June: J.D. Power, LMC Automotive (Reuters)

-Automotive Wholesale News-

Lane watch: Car values cool as summertime warms (Auto Remarketing)

Truck Values Strengthen at Start of Summer (Vehicle Remarketing)

-Automotive Ownership News-

Get Ready For Autonomous Cars To Bring Back Bygone Tradition Of A Sunday Drive (Forbes)

Have an old car? You’re not alone. Vehicle age hits record (The Detroit News)

-Automotive Servicing News-

Audi recalls 265,000 vehicles to repair air bags and loose trim piece (USA Today)

-General Business & Executive News-

Arnold Schwarzenegger Stars in a New Ad Plugging Electric Cars (Wired)

Carvana stakeholder named richest person in Arizona (Auto Finance News)

CDK Global to divest digital marketing business (Auto Remarketing)

U.S. economic growth surges in first-quarter, but momentum fizzling (Reuters)

-AEA Reminder-

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