Top Automotive Industry News for Week of May 11 - May 17, 2020

Here is the most important news associated with the automotive industry identified by the AEA for the week of May 11, 2020 - May 17, 2020.

We hope it helps you stay up to speed on the key developments in our industry:

-Automotive Manufacturing News-

2021 Ford Mustang Mach-E Can Charge Just Over Half as Fast as Tesla (Car and Driver)

Automakers prep new safety measures for workers' Monday return (The Detroit News)

Automakers will be allowed to resume Mexican production after implementing safety protocols (CNBC)

Auto workers’ tenuous return a ray of hope in jobs crisis (The Detroit News)

Disgraced UAW boss Jones appears in court in racketeering case (The Detroit News)

Dispute over Tesla factory reopening may be poised to end after Elon Musk's protests (USA Today)

Ford, VW reiterate commitment to partner on EVs, self-driving vehicles (autoblog)

GM CFO sees 'positive signs' in U.S. retail sales in early May (Reuters)

GM’s self-driving unit Cruise to cut 8% of staff (CNBC)

Honda Earnings Suffer Due to Pandemic; Toyota Predicts 80% Drop (The Detroit Bureau)

Lotus Moves Ahead With Plans for Electric Vehicles (The Detroit Bureau)

Pandemic leaves McLaren exploring funding options (Reuters)

Redesigned Ford F-150 pickup 'on track' despite coronavirus plant shutdowns (USA Today)

Texas Governor Says He’s Talked To Elon Musk About Moving Tesla (Forbes)

US automakers, set to reopen factories Monday, wait and watch on word from Mexico (CNBC)

What happens in Mexico during next 2 weeks will be crucial for Detroit (Detroit Free Press)

Which Manufacturers Will Suffer Most From Covid-19? (Forbes)

-Automotive Evolution News-

Uber to offer $750 million in debt, for corporate purposes which could include potential acquisitions (MarketWatch)

-Automotive Retail News-

AutoNation CEO on Q1 earnings, Covid-19 impact on auto industry and more (CNBC)

AutoNation, other dealer groups optimistic about a recovery after coronavirus devastates sales (CNBC)

Coronavirus Casts Confusion Over Traditional Car Selling Seasons (Forbes)

CPO sales take steep fall in April, but segment still important for market (Auto Remarketing)

Enterprise’s 'Clean Pledge' program aims to boost customer safety, confidence (Auto Remarketing)

J.D. Power COIVD-19 Valuation Services Update (J.D. Power)

No-Contact Test Drive Gives Shift’s Online Buying Effort Kickstart (Forbes)

U.S. New Car Sales Continue Rebounding – But the Industry Isn’t Yet Out of the Woods (The Detroit Bureau)

Used car prices plummet, but the deals may not last. Here's why (USA Today)

-Automotive Wholesale News-

Manheim says digital seller tools, options, can keep dealers’ inventory moving (Auto Remarketing)

NAAA releases playbook & video to help guide auctions during COVID-19 (Auto Remarketing)

New online virtual auto auction offers 360-degree condition reports (Auto Remarketing)

-Automotive Ownership News-

'We are starting to move around': Drivers are hitting the road more often, data shows (USA Today)

Long wait at the DMV: Car owners face delays registering vehicles or signing titles as offices close or scale back due to COVID-19 (USA Today)

-General Business & Executive News-

Assurant Acquires American Financial & Automotive Services (BusinessWire)

Coronavirus pummels U.S. retail sales, industrial production (Reuters)

Fair Hires New CEO to Grow Vehicle Subscription Platform Amid Digital Auto Shift (Yahoo)

NADA president, CEO to retire at year's end (Auto Remarketing)

New Data from DealerSocket Reveals Positive Trends in the Industry (Auto Dealer Today)

Retail Spending Plummets As Coronavirus Crisis Freezes Economy (NPR)

The Pandemic Will Permanently Change the Auto Industry (The New York Times)

-AEA Reminder-

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Have a great week,

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