Top Automotive Industry News for Week of June 8 - June 14, 2020

Here is the most important news associated with the automotive industry identified by the AEA for the week of June 8, 2020 - June 14, 2020.

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

-Automotive Manufacturing News-

A Big Bang For Hydrogen Truckmaker Nikola As Stock Surge Boosts Founder’s Fortune To $8 Billion (Forbes)

As More Plants Hit by Coronavirus Outbreaks, New Concerns Raised About Automotive Recovery (The Detroit Bureau)

Auto industry recovery from COVID-19 could take years, signaling slow climb back (The Detroit News)

Automakers Continue to Delay Product Launches in Wake of Pandemic (The Detroit Bureau)

Automakers Need to Address Batteries to Improve EV Profitability (The Detroit Bureau)

Automakers Trying to Spur Sales with More Advertising (The Detroit Bureau)

BMW builds its five millionth car in the United States (autoblog)

Carmakers must overhaul production plans to hit climate goals: report (Reuters)

Electric Ford F-150 and Transit EV coming 'within 24 months' (autoblog)

Elon Musk says it's time to bring the Tesla Semi to production (autoblog)

Ford, GM and VW say production and new vehicles are back on track (The Detroit News)

Ford predicts new Bronco will eat Jeep's lunch, lure customers from FCA (Detroit Free Press)

Ford to introduce all-electric F-150 pickup and Transit van by mid-2022 (CNBC)

Ford to return to pre-COVID production rates in U.S. plants by early July, COO says (Reuters)

Ford-Volkswagen alliance to include shared production of 8 million commercial vehicles (CNBC)

GM revived Warren plant for face mask production. What happens when demand slows? (Detroit Free Press)

IIHS Is Wrong In Claim That Only One Third Of Crashes Can Be Prevented By Self-Driving (Forbes)

Japanese carmaker Honda hit by cyberattack (The Detroit News)

Study: GM will lose US market share as it redefines its future (Detroit Free Press)

Tesla shares hit record closing price (CNBC)

U.S. manufacturers struggle to keep workers in face of weak demand (Reuters)

U.S. regulator sides with FCA in Jeep trade case against Mahindra (Reuters)

What UAW wants as Detroit 3 push plants to make cars at breakneck pace (Detroit Free Press)

-Automotive Evolution News-

CVS Pharmacy to test self-driving prescription delivery (USA Today)

Flop of BlueIndy car-share reflects broader ride-hailing challenges (The Detroit News)

GM’s Cruise hires former Tesla and Lucid engineer to lead safety (CNBC)

Uber, Lyft Hit by Decision Declaring Drivers are Employees (The Detroit Bureau)

Why Investors Are Abandoning Ride-Hailing And Automotive Startups Because Of COVID-19 (Forbes)

-Automotive Retail News-

Auto Ad Spending Doubles In Three Weeks (MediaPost)

Auto loan payments soared to yet another record in the first quarter (CNBC)

Autotrader campaign seeks to show the ease of online car shopping (Auto Remarketing)

CPO vehicle sales show dramatic gain from April (Auto Remarketing)

Darwin Automotive now an online digital retailing partner with Sonic, EchoPark (Auto Remarketing)

Dealers see 'booming' business as automakers crank up production (The Detroit News)

Grooming the Car-Buying Experience (Auto Dealer Today)

Slippery Synthetic Fraud Increasingly Occurring in Dealerships (Auto Dealer Today)

Used Car Prices Jumped 9% In May, After Falling 11% In April (Forbes)

When do new cars come out? You'll have to wait to buy 2021, as automakers delay next year's models (USA Today)

-Automotive Wholesale News-

Black Book and Manheim indices for May reflect wholesale stabilization (Auto Remarketing)

-Automotive Ownership News-

Americans Drove 39.8% Fewer Miles in April Due to Pandemic (The Detroit Bureau)

Deadline nears for some vehicle owners to claim cash in price-fixing lawsuit (Detroit Free Press)

More turning to RVs, motor homes to escape COVID-19 — and get away from it all (USA Today)

-Automotive Servicing News-

Bentley recalls nearly 2,000 examples of the Bentayga over fire risk (autoblog)

Ford recalls about 2.5M vehicles for latch, brake troubles (USA Today)

RepairSmith acquires mobile repair, maintenance provider (Auto Remarketing)

U.S. auto suppliers cheer as carmakers relaunch, but long-term worries remain (Reuters)

-General & Executive News-

GM to donate millions to promote inclusion and racial justice (Detroit Free Press)

Honda Selects Dealer Inspire® as a Preferred Website and Technology Platform Provider for its Nearly 1,000 US Dealerships (Cars.com)

Just Eat Takeaway confirms its gobbling up Grubhub in a $7.3B deal (TechCrunch)

Used car seller Vroom is the latest IPO to boom and zoom (CNN)

-AEA Reminder-

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