Top Automotive Industry News for Week of May 16 - May 22, 2016

Here is the most important news associated with the automotive industry identified by the AEA for the week May 16, 2016 - May 22, 2016.

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

-Automotive Manufacturing News-

A Look At This Week’s Top OEM Headlines (CBT News)

BMW promises autonomous, electric flagship for 2021 called iNext (Mashable)

Delphi bets on a new, 48-volt system as cars' electrical needs grow (Detroit Free Press)

Dieselgate Turns Into CO2-gate: Huge Amounts Of Cheating Revealed (Forbes)

Elon Musk vows to 'make it right' after report of Tesla using foreign workers paid $5 per hour (Mashable)

Faraday Future says its electric car could be more powerful than Tesla's (The Verge)

FCA investing $12.2M for Mopar parts facility in Va. (The Detroit News)

GM offers compensation over fuel economy mistake (USA Today)

GM SUV compensation program will cost about $100M: Source (CNBC)

Google’s ‘wacky’ idea that will leave pedestrians glued to cars after crashes (Washington Post)

In Audi’s Virtual Cockpit, Technology Is Your Co-Pilot (The New York Times)

Jeep Cherokee, Grand Cherokee parts shortage cuts output: FCA (Reuters)

New Battery Company Could Solve One of Biggest Gripes About EVs (The Detroit Bureau)

Report: Volkswagen goes completely back to the drawing board to rebuild brand’s image (egmCarTech)

Review: McLaren builds a car for the masses, with a $200,000 price tag (LA Times)

Scandal-hit VW agrees to 4.8% pay rise for workers (The Detroit News)

Sorry, Sergio – Google Has No Plans to Expand the Relationship (The Truth About Cars)

Supplier-Relationship Scores Suggest Automakers Unprepared for U.S. Downturn (Wards Auto)

Suzuki admits using using wrong fuel tests; Mitsubishi Motors president steps down (CNBC)

Tesla raises $1.46B in stock sale, at a lower price than its August 2015 sale: IFR (CNBC)

Toyota marks selling a total of 9 million hybrids worldwide since the beginning (egmCarTech)

UAW wants union for Tesla factory (USA Today)

Vincentric Names 2016 Fleet TCO Winners (Vehicle Remarketing)

Volkswagen to unveil 2025 strategy in mid-June: CEO (Reuters)

Volvo's New Small SUV, Sedan Likely To Appear Next Year (Forbes)

Why GM's Autonomous Chevrolet Bolt is Running Around San Francisco (Forbes)

-Automotive Retail News-

A Big Move for a Giant Dealer Group (CBT News)

Auto loans roar to trillion dollar level (CNBC)

Big Data Tightens Grip on Automotive Retailing (Wards Auto)

Colorado enacts $5,000 flat tax credit for EVs (autoblog)

Consumer Reports: 10 Worst Car Brands in 2016 (CheatSheet)

Consumers Prefer Brands With 'Social Good Campaigns,' KBB Says (Auto Dealer Monthly)

CPO share of franchised used sales flat — for now (Auto Remarketing)

Do your customers see the difference in lowest price versus fair and transparent prices? (CBT News)

Global EV sales will increase fivefold within five years (autoblog)

New car sales will slow down in May, say analysts (autoblog)

Nissan stake raises hopes for Mitsubishi U.S. dealers (The Detroit News)

Recall impact on CPO vehicle marketing (Auto Remarketing)

Social Media Generates Millions in Revenue for Auto Business (Ratchet and Wrench)

What Are the Worries for the U.S. Auto Industry? (Bloomberg)

-Automotive Wholesale News-

Black Book Releases Residual Forecast on Three-Year-Old Vehicles (Auto Dealer Monthly)

April average wholesale price stays near $11K (Auto Remarketing)

Auction volume dips in April, while '14s continue to outsell '15s (Auto Remarketing)

Diesel Truck Residual Values Rise With Mileage (Vehicle Remarketing)

Residual Value of 3-Year-Old Vehicles Slipping (Vehicle Remarketing)

-Automotive Ownership News-

American Motorists Still Engaged in Distracted Driving (The Detroit Bureau)

Motorcycle deaths jump nationwide but fall in California. Why? (LA Times)

Nearly 40 Million People Will Hit the Road on Memorial Day Weekend (Time)

-Automotive Enthusiast News-

Aston Martin reveals Zagato design for new concept car (USA Today)

LA Auto Show Reinvents Itself as the Next CES—for Car-Tech (Fortune)

-Automotive Servicing News-

Advance Auto Parts shares plunge after results miss expectations, CFO resigns (MarketWatch)

Fiat Chrysler recalling 500,000 Jeep Wranglers (The Detroit News)

Fiat Chrysler recalls van trailer light controls (Detroit Free Press)

Valvoline teams with Carfax to keep customers informed of recalls (Auto Remarketing)

-General Business & Executive News-

Allstate Expands Connected Car Services (Insurance Networking)

Jurecki Departs RouteOne to Become CEO of FordDirect (F&I Magazine)

Google positions updated Android as a standard for cars (Automotive News)

Google's Waze is adding carpooling in Uber's San Francisco back yard (CNBC)

GM expands Chicago car sharing test to Boston, Washington (USA Today)

Mitsubishi president resigns amid fuel economy scandal (Automotive News)

Self-driving Chevy Bolts spotted in San Francisco (Detroit Free Press)

The complete timeline to self-driving cars (Recode)

Toyota teams with Segway inventor to revive innovative iBot wheelchair (Mashable)

UAW presidential endorsement ‘soon’ – won’t be Trump (The Detroit News)

Uber confirms it’s testing self-driving cars in Pittsburgh (TechCrunch)

US close to passing test for June rate rise, Fed official says (CNBC)

U.S. Department of Labor Issues Final Overtime Rule (Ratchet and Wrench)

Volkswagen to overhaul pay policy for top executives (Financial Times)

-AEA Reminder-

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Have a great week,

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