Top Automotive Industry News for Week of May 17 - May 23, 2021

Here is the most important news associated with the automotive industry identified by the AEA for the week of May 17, 2021 – May 23, 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-

2022 Ford F-150 Lightning electric pickup is a huge deal for Evs (CNet)

Biden takes new electric F-150 for a test drive: 'This sucker's quick' (CNN)

Canoo is being investigated by the SEC (TechCrunch)

Ford and SK Innovation Ink Battery Cell Manufacturing Joint Venture (Yahoo)

Mobileye, ZF team on advanced safety systems for Toyota (Reuters)

On Chip Shortage Affecting Car Supply, 93% Think It's a Big Deal (Car and Driver)

Stellantis, Foxconn to form connectivity-focused car technology JV (Reuters)

Tesla is casting a spotlight on the government’s struggle to keep up with self-driving cars (Vox)

U.S. autoworkers will continue to wear masks on job (Reuters)

-Automotive Retail News-

As chip shortage goes on, cars are scarce and prices are up (ABC)

Average New-Vehicle Prices Continue to Climb, up 2.2% Year Over Year for April 2021, According to Kelley Blue Book (PR Newswire)

Auto Inventories Continue to Plummet (Auto Dealer Today)

Auto Loan Originations to Subprime Borrowers Drops While Prime-Risk Loans Increase (Auto Dealer Today)

Car Shoppers Expect Few Choices, Are Willing to Pay More (KBB.com)

Cox Automotive Auto Market Report (Cox Auto)

Subprime Borrowers’ Share of Auto Loans, Leases Slips (WardsAuto)

Turn off the gas: is America ready to embrace electric vehicles? (The Guardian)

Weekly Market Insights (Black Book)

-Automotive Servicing & Ownership News-

Honda Has Lowest Total Cost Of Service In The US (CarBuzz)

Kia adds more than 440,000 to 2nd recall for possible engine fires (Detroit Free Press)

Mercedes-Benz Recalls More Than 342,000 Cars and SUVs for Backup Camera Problem (Consumer Reports)

Why thefts of cars and pricey car parts have skyrocketed (CNBC)

-General Business & Executive News-

AI-powered Jerry raises $28M to help you save money on car insurance (TechCrunch)

AUTOPAY and DigniFi Partner to Help Drivers Save Money Through Refinancing (PR Newswire)

Cars.com Finds 89% of Memorial Day Travelers Prefer to Road-Trip Even as More Americans Become Vaccinated (PR Newswire)

Gas Demand Surged To Pandemic High Last Week—How Long Could High Prices Last? (Forbes)

Mecum Auctions will now let you buy that collector car with cryptocurrency (Driving)

Solera to Acquire Omnitracs and DealerSocket (Reuters)

TuSimple says its self-driving trucks shaved 10 hours off a 24-hour run (CNBC)

USAA Expands Telematics Offerings for Auto Insurance (Insurance Journal)

Waymo Eyes Raising Up to $4 Billion as Leaders’ Exits Sow Doubts (Yahoo)

-AEA Reminder-

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Have a great week,

Automotive Executives Association

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Automotive Executives Association

www.automotiveexecutives.com