Top Automotive Industry News for Week of May 25 - May 31, 2020

Here is the most important news associated with the automotive industry identified by the AEA for the week of May 25, 2020 - May 31, 2020.

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

-Automotive Manufacturing News-

Detroit Three have a new competitor in the electric pickup war — it's called Endurance (USA Today)

Ford Set to Unveil Next-Generation F-150 on June 25 (The Detroit Bureau)

Ford shuts down fourth factory due to COVID-19; this time Chicago Stamping (Detroit Free Press)

GM's idled Warren Transmission plant finds a new purpose during outbreak (The Detroit News)

GM increases production of highly profitable pickups and SUVs following coronavirus shutdowns (CNBC)

GM to add second, third shifts at truck plants next week (The Detroit News)

GM to increase North America vehicle production (Reuters)

In Midst Of COVID-19, Auto Faces The Next Big Challenge — Carbon Neutrality (Forbes)

Led by Tesla, electric vehicle sales are predicted to surge in 2021 (CNBC)

McLaren Sees Q1 Loss Balloon to $164.3M Due to Pandemic (The Detroit Bureau)

Nissan to Cut 20 Percent of Global Lineup amid Restructuring (Car and Driver)

Renault to slash 14,600 jobs as coronavirus wreaks havoc on auto industry (CNN)

Tesla's CEO Elon Musk to get payout of nearly $800 million (MarketWatch)

VW spending $2.2 billion to expand in China's electric car market (autoblog)

-Automotive Evolution News-

Amazon Said To Be In Talks To Buy Self-Driving Startup Zoox (Forbes)

CVS Pharmacy partners with Nuro to test self-driving vehicle prescription delivery (CNBC)

SoftBank leads $500 million investment in Chinese ride-hailing firm Didi’s self-driving car unit (CNBC)

-Automotive Retail News-

COVID-19 will change the way we buy cars forever. Here's how (Detroit Free Press)

May Sales to Drop as Fleet Sales Collapse (The Detroit Bureau)

Memorial Day New Car Sales Surge Never Materialized (The Detroit Bureau)

Michigan car dealers have been waiting for this moment for months (Detroit Free Press)

Porsche launched a platform that lets you order a used 911 from your couch (USA Today)

Tailwinds abound, used-car sales likely to double April figures (Auto Remarketing)

U.S. auto sales recovering but still devastated from coronavirus pandemic (CNBC)

-Automotive Wholesale News-

Cox Automotive & J.D. Power both see ongoing wholesale market rebound (Auto Remarketing)

-Automotive Ownership News-

Another Unpleasant Byproduct Of The Pandemic: A Spike In Car Thefts (Forbes)

-General Business & Executive News-

America's awful economy in the first quarter was even worse than we thought (CNN)

Comcast’s Xfinity X1 to feature Virtual Automotive Showroom (Auto Remarketing)

Hertz bankruptcy and a distressed rental car market means more pain for U.S. automakers (CNBC)

How Pandemic Is Changing Auto Industry (Wards Auto)

KAR lands $550 million investment (Auto Remarketing)

TrueCar Announces Strategic Restructuring (Globe Newswire)

Xcite Advertising Announces Rebranding, Changes Name to Xcite Automotive (PR Newswire)

-AEA Reminder-

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Have a great week,

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