Top Automotive Industry News for Week of June 4 - June 10, 2018

Here is the most important news associated with the automotive industry identified by the AEA for the week June 4, 2018 - June 10, 2018.

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

-Automotive Manufacturing News-

Faraday Future Finally Making Some Progress On California Factory (Forbes)

FCA's Maserati, Alfa Romeo get much-needed SUVs in 5-year plan (The Detroit News)

GM, Honda sign deal to develop batteries for electric vehicles (USA Today)

GM's Positive Spin: Top Exec Demonstrates Corvette Safety By Crashing It Into A Wall On National TV (Forbes)

Japan automaker lobby slams possibility of U.S. auto tariffs (Reuters)

Jeep Teases Renegade Ahead of June 6 Debut (Cars.com)

Mazda views diesel as an opportunity, not as a risk (The Detroit News)

Nearly 1 in 4 Tesla Model 3 Reservations Have Been Cancelled (The Detroit Bureau)

Subaru, Mazda happy being EV latecomers (The Detroit News)

Tesla on track to make 5,000 Model 3s a week by end of the month, Musk says] (MarketWatch)

Tesla turns back effort to remove Elon Musk from chairman seat; directors win new terms (LA Times)

UAW sues to recoup $2.6M embezzled in conspiracy (The Detroit News)

Where are the electric SUVs? Automakers ignore what buyers want (Detroit Free Press)

-Automotive Evolution News-

Bosch system can warn drivers of unseen hazards (The Detroit News)

Ford offers new data-monitoring services for vehicle fleets (autoblog)

GM and Tesla diverge on autonomous paths (Automotive News)

GM bringing Super Cruise hands-free driving to all Cadillacs by 2020 (USA Today)

SeaBubble Taxis Take Your Congestion Troubles To The Water (Forbes)

Tesla Model X driver killed in California crash wasn't holding steering wheel, NTSB says (USA Today)

The only way the US can safely move forward with self-driving cars (CNBC)

Volvo Projects 33% Of Global Sales Will Be Autonomous by 2025 (Forbes)

Waymo's Push Into Robot Cabs Is So Big There May Be Little Room For Anyone Else (Forbes)

When Your Robot Car Gets Stumped, This Startup Wants To Steer It Out Of Trouble (Forbes)

-Automotive Retail News-

7 highlights of 2018 Non-Prime Automotive Finance Survey (Auto Remarketing)

Advice Has Changed on What Car to Buy for a Young Driver (The New York Times)

Autotrader names June's top CPO deals (Auto Remarketing)

Black Book: Used Values Up 0.8% in May (Auto Dealer Monthly)

Carvana opens 2 more used-car vending machines in U.S. (autoblog)

Classic Chevy, Northwest Motorsport team with online car sales startup Joydrive (Auto Remarketing)

Honda, Chevrolet dominate list of top family cars (USA Today)

How Rising Interest Rates And Booming Transaction Prices Threaten New-Vehicle Sales (Forbes)

KBB: SUV/Pickup Demand Drive Up May's Avg. Transaction Price (Auto Dealer Monthly)

Mercedes-Benz, FCA to Offer Three-Tier Subscription Programs (Auto Dealer Monthly)

U.S. News Identifies the 8 Best Cars to Buy Now (U.S. News)

Vehicle Sales up in May (DrivingSales)

-Automotive Wholesale News-

Dealers widening purchase sphere impacts May wholesale price trends (Auto Remarketing)

Luxury Vehicles Drive Weekly Depreciation (Vehicle Remarketing)

-Automotive Enthusiast News-

$70 million for a 1963 Ferrari 250 GTO (Auto123)

Mecum Auctions Is Offering the Ultimate Auto Collector’s Estate (duPont Registry)

New Mobile App Dedicated To Automotive Events (PR Newswire)

-Automotive Servicing News-

Kia recalls over 500K vehicles for air bags (The Detroit News)

South Florida vehicle owners urged to respond to recall of Takata exploding airbags (USA Today)

Tesla to open its own body shops by the end of the month, could offer same day repair, says Elon Musk (Electrek)

Volvo Car USA Introduces Next Generation Roadside Assistance (Auto Dealer Monthly)

-General Business & Executive News-

Apple CarPlay Agrees to Play Nice With Google Maps, Waze (Cars.com)

Car-sharing startup seeks $10.5M via IPO (Auto Remarketing)

GM’s Ammann leaves Lyft’s board, picks replacement (Detroit News)

Online insurance marketplace EverQuote files for a $75 million IPO (Nasdaq)

Uber Is Trying to Patent an AI System to Identify Erratic Behavior in Riders (Gizmodo)

-AEA Reminder-

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Have a great week,

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