Top Automotive Industry News for Week of May 22 - May 28, 2017

Here is the most important news associated with the automotive industry identified by the AEA for the week May 22, 2017 - May 28, 2017.

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

-Automotive Manufacturing News-

BMW 8 Series concept previews next great luxury coupe (autoblog)

Clean Vehicle Technology Driving Job Growth in Auto Industry (The Detroit Bureau)

Consumer Reports raises ratings on Teslas (The Detroit News)

Faraday Future’s Fate Uncertain as Partner Hits Financial Woes (Car & Driver)

Ford CEO: Income from connected cars to boost earnings (The Detroit News)

GM Accused in Owner Lawsuit of Using VW-Like Defeat Devices (Bloomberg)

Jaguar Announces Its Most Powerful Street-Legal Car (Cars.com)

Leaked Tesla product sheet reveals Model 3's performance, range (autoblog)

Pretty Soon Electric Cars Will Cost Less Than Gasoline (Bloomberg)

Prosecutors investigate Bosch employees in Daimler probe (Reuters)

Senate bill aims to align NHTSA, EPA emissions programs (Automotive News)

Subaru Set to Electrify Core Line-up (The Detroit Bureau)

Study: Toyota, GM have best chance to gain market share (The Detroit News)

Tesla Workers Suffer Injuries “On Regular Basis,” Reveals New Report (The Detroit Bureau)

Tomorrow’s Cars Won’t Just Drive Themselves, They’ll Feel Different (Wired)

-Automotive Retail News-

April Showers Aren’t Bringing May Auto Sales in the US (The Detroit Bureau)

Car-shopper interest in domestics rising (Auto Remarketing)

Crossover Sales Rage May be Hitting Peak (The Detroit Bureau)

Hatchback cars stage a comeback (USA Today)

Off-lease used cars are flooding market, pushing prices down (Detroit Free Press)

New-Vehicle Sales to Remain Flat in May, KBB Says (Vehicle Remarketing)

Upturn in the downturn: Auto sales predicted to edge up in May (autoblog)

Used-car sales to dip modestly (Auto Remarketing)

-Automotive Wholesale News-

Medium-Duty Truck Resale Holding Up (Vehicle Remarketing)

Wholesale vehicle values return to seasonal softening (Auto Remarketing)

-Automotive Ownership News-

Car owners are holding their vehicles for longer, which is both good and bad (CNBC)

Small Car Driver Risks on the Rise, Study Shows (The Detroit Bureau)

-Automotive Enthusiast News-

40-year collector auctioning over 300 classic cars online (Auto Remarketing)

All-electric supercar loses the Nürburgring lap record to a hybrid McLaren (The Verge)

Leaders of the Pack: Our All-Time Favorite Indy 500 Pace Cars (Car & Driver)

Special Racing Edition (Automotive News)

Volvo Wagon Fanatics Prepare for the New V90 Station Wagon (Bloomberg)

-Automotive Servicing News-

BMW recalls 7-Series cars because doors can fly open (CNBC)

eBay Motors partners with SHIFTMobility (Auto Service World)

-Automotive Evolution News-

10 percent of Americans trading in a car plan to use Uber and Lyft instead of buying a new one (CNBC)

Self-driving cars could cost America's professional drivers up to 25,000 jobs a month, Goldman Sachs says (CNBC)

Survey Finds Americans Don’t Trust Ridesharing Companies to Build Driverless Cars (Inrix)

Today's car makers are like Nokia — right before it was crushed by Apple, VC Marc Andreessen says (CNBC)

Toyota’s Vision of How Blockchain Will Change the Auto Industry (The Banks Report)

-General Business & Executive News-

ADT Announces 2017 Dealers’ Choice Awards Winners (Auto Dealer Monthly)

Cars.com Says It Will Stop Advertising on Fox News’ ‘Hannity’ (Variety)

CDK Global to Acquire Competitor AutoMate (The Banks Report)

China Billionaire Adds Proton, Lotus to Expanding Car Empire (Bloomberg)

Cox Automotive, Holman start joint venture for Flexdrive (Auto Remarketing)

Don’t fix what isn’t broken: auto industry wants NAFTA rules of origin left alone (DrivingSales)

Experian Automotive Acquires Data Firm String Automotive (The Banks Report)

Ford Continues Management Shake-Up (The Detroit Bureau)

Former Dealer Awarded $256 million in Case Against Nissan Captive (Auto Dealer Monthly)

Hearst Revamps Auto Ad Sales Under One Division (MediaPost)

How Silicon Valley Spurred Bill Ford Jr. to Replace His CEO (Car & Driver)

Jim Hackett to Replace Mark Fields at Ford (The Banks Report)

Millennials are fueling new growth in recreational vehicle sales (USA Today)

U.S. economy slowed less than expected in first quarter; outlook cloudier (Reuters)

White House denies Trump threatened German automakers (CNBC)

-AEA Reminder-

Did we miss something? Let us know via our Contact Us Page >> . If you have specific important news going public soon that you would like to share with your fellow AEA Members, submit your PR Distribution Request >>

Have a great week,

Member Services

memberservices@automotiveexecutives.com

Automotive Executives Association

www.automotiveexecutives.com