Top Automotive Industry News for Week of March 23 - March 29, 2020

Here is the most important news associated with the automotive industry identified by the AEA for the week of March 23, 2020 - March 29, 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:

-Automotive Manufacturing News-

2020 Detroit Auto Show Cancelled Due to Coronavirus Pandemic (The Detroit Bureau)

Automakers could see new rollouts delayed because of pandemic (The Detroit News)

Automakers get credit help in massive federal stimulus bill (Detroit Free Press)

Detroit's near future based on SUVs, not EVs, production plans show (Reuters)

Detroit automakers' big transition to electric cars? Don't hold your breath (autoblog)

Fiat Chrysler establishes new credit line of about $3.8 billion amid coronavirus pandemic (CNBC)

Ford, FCA issue restart dates for some US plants (Detroit Free Press)

Ford to partially defer executive pay, warns job cuts could happen if coronavirus pandemic worsens (CNBC)

GM, After Six-Year Battle, Settles Another Ignition-Switch Lawsuit for $120 Million (Car and Driver)

GM extends shutdown indefinitely; Fiat Chrysler, Ford could reopen plants by April 14 (The Detroit News)

GM is about to stockpile $16B in cash amid uncertainty, coronavirus outbreak (Detroit Free Press)

GM temporarily cuts pay by 20% for 69,000 salaried workers amid coronavirus pandemic (CNBC)

Here's how GM can finally turn electric vehicle technology into big profits, sales (Detroit Free Press)

Tesla to slash on-site staff at Nevada factory by 75% due to virus: county manager (Reuters)

UAW offers unprecedented meeting with feds amid corruption scandal (The Detroit News)

U.S. Automakers EV Efforts Will Remain Behind SUV, Truck Production and Sales for Foreseeable Future (The Detroit Bureau)

VW burning through $2.2 billion a week with factories closed by coronavirus (autoblog)

-Automotive Evolution News-

New Rules Could Finally Clear the Way for Self-Driving Cars (Wired)

-Automotive Retail News-

Car Dealers Struggling to Cope with Coronavirus Turn to Online, “Touchless” Sales and Deliveries (The Detroit Bureau)

Car Sales And Service Providers Are Embracing Home Delivery Models In The Age Of COVID-19 (Forbes)

Carvana starts touchless delivery, gets financing commitment (Auto Remarketing)

Coronavirus drags car dealers into digital commerce (autoblog)

Group 1 signals major drop in March auto demand, furloughs nearly 6,000 staff (Reuters)

NIADA Asks President to Define Auto Sales as an Essential Service (Auto Dealer Today)

Tech vendors waive fees, offer aid to dealerships (Automotive News)

TrueCar program helps consumers ‘Buy from Home’ (Auto Remarketing)

U.S. auto sales expected to plummet as coronavirus wreaks havoc (USA Today)

U.S. auto sales in states with coronavirus lockdown orders could drop 80% (autoblog)

US auto sales expected to fall at least 15% this year due to the coronavirus (CNBC)

Why most auto dealers, service departments are open for business during coronavirus (USA Today)

-Automotive Wholesale News-

NAAA announces $1.4M financial relief package; more auctions move to digital (Auto Remarketing)

Wholesale Values Remain Healthy as Auctions Transition Online (Vehicle Remarketing)

-Automotive Ownership News-

Best Ways To Keep Your Car’s Interior Virus-Free (Forbes)

Gas prices plunge as the demand for energy remains low (Fox News)

Road traffic in the United States drops by 30% as coronavirus keeps people in (autoblog)

-Automotive Servicing News-

Ford recalls 268K cars to fix door latches (Detroit Free Press)

-General & Executive News-

9 charts showing what coronavirus is doing to the economy (Vox)

Bob Garff, auto exec and former Utah House speaker, dies of the coronavirus (Salt Lake Tribune)

Citing Pandemic Slowdown, Asbury Automotive Chain Nixes $1 Billion Acquisition (Forbes)

Fiat Chrysler is in process of making masks, with supply to donate expected in 'coming weeks' (MarketWatch)

Ford Will Work With 3M And GE To Make Respirators And Ventilators To Address Shortages During Coronavirus Pandemic (Forbes)

GM, Tesla tackle ventilator shortage amid coronavirus pandemic (USA Today)

Stimulus package will grant automakers a lifeline — but don't call it a bailout (autoblog)

Trump orders General Motors to make ventilators under Defense Production Act (CNBC)

-AEA Reminder-

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