Top Automotive Industry News for Week of June 28 - July 4, 2021

Here is the most important news associated with the automotive industry identified by the AEA for the week of June 28, 2021 – July 4, 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-

BMW warns chip supply shortage 'critical', output to suffer (Reuters)

General Motors commits $25 million to promote equity in EV transition (Detroit News)

GM forms strategic investment for U.S.-sourced lithium as part of EV push (Detroit News)

U.S. DoJ investigates Lordstown Motors (Reuters)

Volvo Details Big Plans to Improve Batteries, Infotainment, and Safety (Car and Driver)

Volvo Cars aiming for an IPO by the end of 2021 (Reuters)

-Automotive Retail News-

2021 Cox Automotive Forecasts (Cox Auto)

Amid auto dealer consolidation trend, LaFontaine acquires Ralph Thayer Automotive (Detroit News)

Car Buying Frenzy Eases, But Auto Dealer Sales Remain Brisk (Wards Auto)

Cox Automotive Commentary: June and First Half 2021 U.S. Auto Sales (Cox Auto)

Dealer group roundup: Latest moves at Asbury, Holman & Lithia (Auto Remarketing)

Ford sales fall 27% in June amid lingering chip shortage, tightening inventories (Detroit News)

Ford quarterly U.S. auto sales rise on strong SUV, EV demand (Reuters)

GM, Stellantis 2nd-quarter sales up over COVID-marred period in 2020 (Detroit News)

Kelley Blue Book Instant Cash Offer Helps Dealers Acquire More Inventory with Sight Unseen Appraisals (PR Newswire)

Manheim Express Users Create Over One Million 3D Vehicle Images with Fyusion Technology (Auto Dealer Today)

New Vehicle Sales Expected to Stay Strong in the Second Quarter, According to Edmunds (PR Newswire)

Ram powers Stellantis to big sales leap in second quarter (Detroit Free Press)

Tesla delivers more than 200,000 vehicles in 2nd quarter (Detroit News)

Top 25 Best-Selling Cars, Trucks, and SUVs of 2021 (So Far) (Car and Driver)

Toyota Moves to Top Spot in Most-Seen Auto Ad Ranking (Wards Auto)

Toyota Sees Sales Gains in May (Auto Dealer Today)

U.S. quarterly auto sales jump on strong SUV demand, shift to Evs (Reuters)

Volkswagen sees strongest first-half U.S. sales since 1973 (Reuters)

Weekly Market Insights (Black Book)`

-Automotive Servicing & Ownership News-

GM recalls 380,000 SUVs to fix suspension issue (Detroit News)

Porsche Recalls Taycan EV for Total Loss of Power (Car and Driver)

NHTSA unveils new, supposedly easy-to-use auto recall search tool (Autoblog)

-General Business & Executive News-

Batteries, Not Engines, Driving Auto Industry Now (Wards Auto)

Canada to ban sale of new fuel-powered cars and light trucks from 2035 (Reuters)

Electric vehicle SPACs try to prove their worth to Wall Street as shares fall (CNBC)

Ford And Google Reckon With Shift To Digital In Post-Covid Car Buying (Forbes)

Hertz Exits Bankruptcy and Expects 'Strong Financial Results' in 2021 (Car and Driver)

Lots of travelers expected on this freer Fourth of July (Autoblog)

Prestigious Concours d'Elegance kicks off the return of summer events for auto lovers (Detroit Free Press)

The New and Improved Is Here (PR Newswire)

U.S. consumer confidence at 16-month high (Reuters)

-AEA Reminder-

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Have a great week,

Automotive Executives Association

Automotive Executives Association