Top Automotive Industry News for Week of March 1 - March 7, 2021

Here is the most important news associated with the automotive industry identified by the AEA for the week of March 1, 2021 – March 7, 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-

Ford delays 4,500 Mustang Mach-E deliveries (Detroit News)

GM’s electric vehicle plans begin to take shape with new lower-priced Chevy Bolts (CNBC)

GM extends plant shutdowns due to global semiconductor chip shortage (CNBC)

GM reportedly looking to build second EV battery plant in U.S. (autoblog)

Hyundai profit takes hit over big EV recall, but LG Chem will pay for most of it (autoblog)

IHS Markit Names GM Top Manufacturer For 6th Year In A Row (AMN)

Jeep Wagoneer, Grand Wagoneer to debut next week with Amazon Fire TV (Detroit News)

Tesla closes below $600 for the first time since December (CNBC)

Volvo says it will be ‘fully electric’ by 2030 and move car sales online (CNBC)

VW expects half of U.S. sales to be electric vehicles by 2030 (CNBC)

-Automotive Retail News-

Cox Automotive February Forecast: U.S. Auto Sales Remain Relatively Strong Despite Challenges (Cox Auto)

EV Brand Polestar to Open 15 New U.S. Showrooms (Wards Auto)

Ford sales down 14.1% in February amid pandemic, winter storms and an ongoing chip shortage (Detroit News)

GM To Rollout New EV Sales Tool Developed By Former Tesla Executive (InsideEVs)

J.D. Power: Auto Dealers Give High Marks to Commercial Lenders, but Opportunities Exist to Expand Business Relationships (Auto Dealer Today)

Kelley Blue Book Names 2021 Best Resale Value Award Winners (Auto Dealer Today)

Monthly auto loan payments surge to record highs as borrowing hits biggest one-year jump, Experian says (CNBC)

Weekly Market Insights (Black Book)

-Automotive Servicing News-

106 Ford Bronco Sport SUVs get second recall, this time for rollover risk (Detroit Free Press)

Consumer Advocates Pushing for Mandatory Recall Repair Rule for Used Car Dealers (The Detroit Bureau)

-General & Executive News-

10% GDP growth? The U.S. economy is on fire, and is about to get stoked even more (CNBC)

Bankrupt car-rental firm Hertz' lenders are proposing a shakeup that would take a newly reorganized company public, report says (Insider)

Elon Musk trolls GM, Chrysler on Twitter. Ford CEO responds with 1 word (Detroit Free Press)

EV rollout will require huge investments in strained U.S. power grids (Reuters)

International Business Of CDK Global Becomes Keyloop (PR Newswire)

Porsche has 2 new carbon-fiber electric bicycles with crazy price tags (CNet)

Tesla has closed its forums to launch a social platform and fans are not happy (Autoblog)

Truck-Sharing Startup Fluid Truck Hauls In $63 Million From Investors (Forbes)

US traffic deaths spike even as pandemic cuts miles traveled (Detroit News)

Vista in Talks to Add DealerSocket, Omnitracs to Solera SPAC Deal (Bloomberg)

-AEA Reminder-

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Have a great week,

Automotive Executives Association

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Automotive Executives Association

www.automotiveexecutives.com