Top Automotive Industry News for Week of March 16 - March 22, 2020

Here is the most important news associated with the automotive industry identified by the AEA for the week of March 16, 2020 - March 22, 2020.

We hope it helps you stay up to speed on the key developments in our industry; and we hope you, your family, and your business are doing as well as possible during this difficult time:

-Coronavirus Data & Graph Resources-

https://www.worldometers.info/coronavirus/country/us/

https://www.newsbreak.com/topics/covid-19

-Automotive Manufacturing News-

Automaker Responses to Coronavirus Pandemic (The Detroit News)

Automakers down, suppliers next: the impact of coronavirus (The Detroit News)

Carmakers press Washington for coronavirus relief (The Detroit News)

Coronavirus: Global auto production could fall by 1.4 million vehicles this year (CNBC)

Coronavirus: Tesla to temporarily suspend production at California and New York factories (USA Today)

Coronavirus shutdown to cut Europe, Americas auto production by 1.44 million: IHS Markit (Reuters)

Detroit automakers Ford, General Motors, FCA agree to close all US plants (Detroit Free Press)

Detroit automakers say they need help from Trump, Congress: What they're asking for (Detroit Free Press)

Ford, General Motors, Fiat Chrysler agree to close all US plants due to coronavirus (USA Today)

Ford hoards cash, withdraws profit forecast amid coronavirus outbreak (Reuters)

Ford Launches Program To Ease Payments On New Vehicles Purchased During Coronavirus Crisis (Forbes)

Honda, BMW close plants in U.S. and Europe due to the coronavirus outbreak (CNBC)

Tesla begins Model Y deliveries, meeting expectations for the crossover SUV (CNBC)

Volkswagen CEO warns factory closures may drag on for weeks (Reuters)

Why BMW and Mercedes made cheap cars that failed and why they keep trying (CNBC)

-Automotive Evolution News-

AV Testing Miles in California Jumped 40% in 2019 (The Detroit Bureau)

Delivery Robots Could Have Saved The Day If The Virus Had Come A Bit Later (Forbes)

Waymo Halts All Automated Ride, Delivery And Trucking Services Over Coronavirus Concerns (Forbes)

-Automotive Retail News-

Automakers Create Coronavirus Car Payment Plans & Programs in Bid to Boost Flagging Sales (J.D. Power)

Automakers offer no-interest loans, deferred payments as dealerships struggle (The Detroit News)

Automakers Take Steps to Assist Owners With Loans, Leases (The Detroit News)

Carvana touts its buying power (Auto Remarketing)

Coronavirus Relief: Automakers and Lenders Offering Payment Support (KBB.com)

Dealers brace for slow sales due to virus, want to be exempted from shutdowns (The Detroit News)

J.D. Power: Coronavirus could drop vehicle sales by 3M, but industry can recover (USA Today)

RBC warns coronavirus could cause 20% decline in US vehicle sales as auto stocks tank (CNBC)

Ride-Sharing Drops, Online Car Shopping Increases in Coronavirus’ Wake (Cars.com)

U.S. Car Sales Verging on Great Recession-Level Collapse (The Detroit Bureau)

-Automotive Wholesale News-

Lane watch: Wholesale-vehicle demand mimics rush for consumer goods (Auto Remarketing)

Manheim Implements Simulcast-Only Sales Amid COVID-19 Concerns (Vehicle Remarketing)

-Automotive Ownership News-

Gas prices fall below $2 a gallon in 12 states (CNN)

Silver Lining? Coronavirus Pandemic Slashes Traffic, Sends Gas Prices Tumbling (The Detroit News)

-Automotive Servicing News-

Federal officials say vehicle-repair outlets to stay open (Auto Remarketing)

-General & Executive News-

Elon Musk says Tesla is working on ventilators for coronavirus patients but doubts there will be a shortage (USA Today)

Ford reads the culture right with new coronavirus response advertising (Fast Company)

GM to partner with ventilator manufacturer amid COVID-19 outbreak (The Detroit News)

NADA and Alliance Call on Trump Administration to Consider Dealerships Essential Businesses (Auto Dealer Today)

U.S. retail sales post biggest drop in a year; coronavirus drag coming (Reuters)

U.S. stock futures plunge, hit limit down (MarketWatch)

Wall Street braces for another bleak week, with coronavirus risks amplified (Reuters)

Watch new coronavirus response ads from Hyundai and Toyota (AdAge)

-AEA Reminder-

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