Top Automotive Industry News for Week of March 29 - April 4, 2021

Here is the most important news associated with the automotive industry identified by the AEA for the week of March 29, 2021 – April 4, 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-

Daimler to hit the gas on electric shift after strong start to 2021 (Reuters)

Ford slashes vehicle production at six plants in North America due to chip shortage (CNBC)

GM CFO ‘increasingly confident’ in achieving 2021 earnings targets despite chip shortage (CNBC)

GM unveils electric Hummer SUV topping $110,000 (CNBC)

Honda to resume normal North American production April 5 (Reuters)

Kelley Blue Book Announces Winners of 2021 Brand Image Awards (PR Newswire)

Rivian Announces 175,000-Mile Warranty for Upcoming R1S SUV, R1T Pickup (Car and Driver)

Volvo Cars to review options including IPO, Geely says (Reuters)

-Automotive Retail News-

Automakers report strong first-quarter sales despite chip shortage (CNBC)

Auto Market Weekly Summary (Cox)

Car Buyers Flocked to Dealers in First Quarter after a Tough 2020 (Car and Driver)

CarMax ads featuring basketball star Sue Bird go viral, call attention to gender bias in sports (CNBC)

Consumers enjoy car 'shopping' part of process; 'buying' not so much (Auto Remarketing)

Cox Automotive Commentary: March and Q1 2021 U.S. Auto Sales (Cox)

Ford dealer: Cars are the new version of toilet paper panic (Dwetroit Free Press)

GM reports first-quarter sales gain, record prices despite tight inventory (Detroit Free Press)

Hyundai Again Tops Most-Seen Auto Ads Ranking (WardsAuto)

Lithia expands in Southwest with latest purchase (Auto Remarketing)

Microsoft Advertising announces Automotive Ads open beta in the US and UK (Search Engine Land)

New Vehicle Sales Expected to See a Lift in the First Quarter, According to Edmunds (PR Newswire)

Ram back in front of Silverado as Stellantis reports first-quarter sales (Detroit Free Press)

Tesla 1Q sales of 185K more than double last year's numbers (Detroit News)

Top 25 Best-Selling Cars, Trucks, and SUVs of 2021 (So Far) (Car and Driver)

Toyota sales jump, but G.M. and Ford’s rebounds are weaker (NY Times)

Weekly Market Insights (Black Book)

-Automotive Servicing News-

100,000 More Hyundai, Genesis Vehicles Added to Fire Recall List (Car and Driver)

GM recalling 10,000 Chevy and GMC vans due to fire risk (Detroit Free Press)

Honda and Acura recall nearly every model for a faulty fuel pump (The Car Connection)

-General Business & Executive News-

A Record Year for AutoTech M&A This Year? (Steve Greenfield – LinkedIn)

Automakers want Biden to make huge investment in electric vehicles (Detroit Free Press)

Barrett-Jackson Scottsdale Auction Sales Top $105 Million, Producing Over 95 World Records, with $5.8 Million Raised for Charity (BusinessWire)

Biden's $2T infrastructure and jobs package proposes billions for electrification ( Detroit News)

Black executives call out Barra as GM pushes to be 'most inclusive' company (Detroit News)

CarMax to Acquire Remaining Stake in Edmunds (BusinessWire)

Consumer Confidence Soared in March (U.S. News)

Hertz Global Holdings Completes Sale Of Fleet Management Leader Donlen Corporation To Athene Holding (PR Newswire)

Krafcik Leaves Waymo After Five Years as CEO (The Detroit Bureau)

Volkswagen apologizes for 'Voltswagen' April Fools' marketing stunt (Detroit News)

-AEA Reminder-

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Have a great week,

Automotive Executives Association

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Automotive Executives Association

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