Top Automotive Industry News for Week of June 7 - June 13, 2021

Here is the most important news associated with the automotive industry identified by the AEA for the week of June 7, 2021 – June 13, 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-

Apple hires BMW veteran in latest sign of electric car push (CNBC)

Auto Industry Production Wilts Under Pressure From Chip Shortages, But There Are Plusses (Forbes)

EV billionaire William Li is chasing growth overseas. His first step—entering the European market via Norway. (Forbes)

Ford’s new Maverick hybrid pickup will get 40 mpg in the city and starts at $19,995 (CNBC)

Jeep officially opens Detroit's first new plant in 30 years (autoblog)

Lordstown Motors issues warning, here's what it means for GM and its stake (Detroit Free Press)

Toyota aims to make its factories carbon neutral by 2035, says exec (Reuters)

-Automotive Retail News-

Auto Credit Availability Tightened in May (Cox Auto)

Big Tech’s Steps Towards Privacy: What it Means for Dealership Advertising (Auto Dealer Today)

Cox Automotive Auto Market Report (Cox Auto)

Demand soars for Ford's electric F-150 Lightning: 100,000 pre-orders placed (Detroit Free Press)

GM, Ford are all-in on EVs. Here’s how their dealers feel about it (CNBC)

Hyundai Dodges Chip Shortage, Sets U.S. Sales Records (Wards Auto)

Inventory Shortages Drive Car Shoppers to Neighboring States (Auto Dealer Today)

New-Vehicle Inventories Continue to Drop, Reach Record Low In May (Cox Auto)

Nissan Reigns Atop Most-Seen Auto Ad Ranking (Wards Auto)

Tesla begins deliveries of its new Model S Plaid (CNBC)

Weekly Market Insights (Black Book)

-Automotive Servicing & Ownership News-

As electric vehicle sales surge, discussions are now turning to noise and safety (CNBC)

GM recalls cars, SUVs for air bag light warning issue (Detroit News)

GM offers OnStar service to drivers of any vehicle in US, Canada (Detroit Free Press)

-General Business & Executive News-

Auto insurance rates rise, but insurers could still qet squeezed by higher costs ahead (CNBC)

Automotive Ventures Closes Inaugural Fund to Invest in Early-Stage Auto Tech Companies (PR Newswire)

Biden administration announces plans to strengthen critical supply chains (CNBC)

Books About Cars for Dad (or Anyone Who Digs Cars) (Car and Driver)

G-7 leaders discuss speeding shift toward electric vehicles (Detroit News)

GOP, Democrats trade places on taxing drivers to pay for road fixes (autoblog)

Lithia acquires two SoCal luxury stores, continuing busy buy-sell activity in auto (Auto Remarketing)

Reynolds acquires Gubagoo, expands digital retail capabilities (Auto Remarketing)

Second UAW president sentenced to 28 months in prison in union corruption probe (CNBC)

USAA Announces Plans to Acquire Insurtech Company Noblr, Inc. (PR Newswire)

VW says data breach exposed 3.3 million U.S. Audi customers or shoppers (autoblog)

-AEA Reminder-

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Have a great week,

Automotive Executives Association

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Automotive Executives Association

www.automotiveexecutives.com