Top Automotive Industry News for Week of June 29 - July 5, 2020

Here is the most important news associated with the automotive industry identified by the AEA for the week of June 29, 2020 - July 5, 2020.

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

-Automotive Manufacturing News-

Automakers laud U.S. consumer 'resilience' despite COVID-19 hit to sales (Reuters)

Fiat Chrysler Automobiles sees sales plummet as full coronavirus impact hits (Detroit Free Press)

Ford sales fall 33.3% in the second quarter due to coronavirus (CNBC)

Ford is partnering with Disney to unveil Bronco SUVs on July 13 (CNBC)

General Motors sales down 34% as coronavirus hammers industry (Detroit Free Press)

GM, Fiat Chrysler U.S. auto sales tank in second quarter as coronavirus saps demand (CNBC)

Lincoln Dropping Continental (The Detroit Bureau)

Tesla and the science behind the next-generation, lower-cost, ‘million-mile’ electric-car battery (CNBC)

Tesla tops Toyota to become largest automaker by market value (CNBC)

UAW stems membership decline as corruption costs soar (The Detroit News)

-Automotive Evolution News-

Moving Forward Act Is A $1.5 Trillion Congressional Bill That Loves Electric Vehicles (Forbes)

Waymo And Volvo Form Exclusive Self-Driving Partnership (Forbes)

-Automotive Retail News-

COVID-19 Changes Everything – Except How Americans Will Buy Cars (Auto Dealer Today)

Fear of job loss, uncertainty stalls car buyers — so Ford came up with an idea (USA Today)

Hundreds of Thousands of Dealership Jobs Likely to be Cut, Otherwise Impacted, Even After Pandemic (The Detroit Bureau)

June used-car sales likely up 16% from May (Auto Remarketing)

Rental car, business travel slump hit auto sales hard (NY Post)

US car sales just had their worst quarter since the Great Recession (CNN)

-Automotive Wholesale News-

Duration of significant wholesale-price climb still uncertain (Auto Remarketing)

How used-car supply may shake out (Auto Remarketing)

-Automotive Servicing News-

20% of Households Are Putting Off Vehicle Maintenance (Auto Dealer Today)

Aftermarket Sales to Drop 8.8% This Year (Auto Dealer Today)

Automakers roll out online tool to help with Takata recall (Auto Remarketing)

Car recalls for June 25-July 2 (USA Today)

-General Business & Executive News-

2021 Geneva auto show canceled due to coronavirus pandemic; organizers selling event (CNBC)

DigniFi Reports Multi-Million Cash Infusion To Help Consumers Finance Car Repairs (Forbes)

Portfolio Closes Acquisition of NAE/NWAN (Auto Dealer Today)

US consumer spending up 8.2%, partly erasing record plunge (AP)

-AEA Reminder-

Did we miss something? Let us know via our Contact Us Page >> . If you have specific important news going public soon that you would like to share with your fellow AEA Members, submit your PR Distribution Request >>

Have a great week,

Member Services

memberservices@automotiveexecutives.com

Automotive Executives Association

www.automotiveexecutives.com