Top Automotive Industry News for Week of March 30 - April 5, 2020

Here is the most important news associated with the automotive industry identified by the AEA for the week of March 30, 2020 - April 5, 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-

Audi Lays Out Electric Vehicle Plans for U.S. (The Detroit Bureau)

Automakers Feel Early Effects of Coronavirus on Q1 Sales (The Detroit Bureau)

Automakers Might Seek Federal Incentive Program to Kick-Start Sales (The Detroit Bureau)

Coronavirus could derail Cadillac's plan for massive product rejuvenation (USA Today)

Detroit automakers take market share as consumers flock to pickup trucks amid coronavirus outbreak (CNBC)

Ford CEO Jim Hackett earns $17.4M in 2019, executive team gets pay raises (Detroit Free Press)

Ford postpones reopening ‘key’ plants due to coronavirus pandemic (CNBC)

Ford’s first-quarter sales drop 12.5% amid coronavirus pandemic (CNBC)

GM, Honda partner to develop two new all-electric vehicles (CNBC)

How Detroit automakers are creating a new ‘arsenal of health’ to cope with growing coronavirus pandemic (CNBC)

Tesla Electric Car Deliveries Jump From Year Ago But COVID-19 Cools Pace From Record Q4 (Forbes)

Trump administration scraps Obama fuel-efficiency standard, opts for laxer rule (USA Today)

-Automotive Evolution News-

Electric Trucks And Sustainability: A Lot To Consider (Forbes)

-Automotive Retail News-

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

AutoNation, other public dealer groups furlough thousands of workers due to coronavirus (CNBC)

CarGurus continues dealer support, extends billing discount (Auto Remarketing)

CarMax's stock surges profit and sales beat expectations for quarter through February, before March slowdown (MarketWatch)

Coronavirus 0% Car Deals, Payment Deferrals and Incentives (U.S. News)

Coronavirus expected to cripple US auto sales; companies push 0% financing, online buying (CNBC)

Ford Wants A Repeat Of 'Cash For Clunkers' As New Car Sales Tank (The Drive)

Online retail an opportunity for car dealers to continue engagement (Auto Remarketing)

Round Two of March Auto Sales Reports Doesn’t Get Better (The Detroit Bureau)

U.S. Auto Sales Set to Crash in the Weeks to Come (The Detroit Bureau)

Worst yet to come as coronavirus takes its toll on auto sales (CNBC)

-Automotive Wholesale News-

How to make sense of Manheim Market Report in a volatile market (Auto Remarketing)

J.D. Power Wholesale and Used Vehicle Pricing Weekly Update (J.D. Power)

-Automotive Ownership News-

Gas prices plunge below $2 per gallon and continue to plummet amid coronavirus (USA Today)

-Automotive Servicing News-

Nissan recalls over 250K vehicles to replace Takata air bags (The Detroit News)

-General & Executive News-

Consumer confidence nosedives, as America braces for more economic pain to come (NBC News)

Ford, GE Set to Launch New Ventilator Operation on April 20 (The Detroit Bureau)

How Ford is balancing the company’s coronavirus action and brand advertising (Fast Company)

NADA Launches Coronavirus Website Hub (Auto Dealer Today)

NADA: Vehicles are Critical in a Lockdown (Auto Dealer Monthly)

Roundup of Automakers and Others Aiding Coronavirus Relief (Car and Driver)

U.S. weekly jobless claims blow past six million as coronavirus lockdowns spread (Reuters)

-AEA Reminder-

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