Top Automotive Industry News for Week of May 3 - May 9, 2021

Here is the most important news associated with the automotive industry identified by the AEA for the week of May 3, 2021 – May 9, 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-

2021 Bronco Sport crushes its crash tests, reaches Mt. Everest of safety ratings (Detroit Free Press)

As Rivian EVs' First Deliveries Near, Startup Seeks More Ways to Stand Out (Car and Driver)

Automaker Stellantis expects employees to work remotely most of the time under new plan (CNBC)

Ford, BMW Invest in Developer of Solid-State EV Batteries (WardsAuto)

Ford posts big April sales gain amid rebound from pandemic (Detroit News)

From electric vehicles to air mobility: GM looks to grow beyond traditional auto industry (CNBC)

GM build-shy strategy has tens of thousands of vehicles parked awaiting chip parts (Detroit Free Press)

GM expects strong first half of year despite production interruptions due to chip shortage (CNBC)

GM reports $3.3B first-quarter net profit despite semiconductor chip shortage (Detroit Free Press)

Stellantis revenues up 14% to $44.4B in first three months of the year (Detroit News)

Tesla tells regulator that full self-driving cars may not be achieved by year-end (Reuters)

The global chip shortage is starting to have major real-world consequences (CNBC)

Volkswagen CEO says European battery plans could include JVs, IPOs (Reuters)

-Automotive Retail News-

13-Month Rolling Used-Vehicle SAAR (Cox Auto)

Q1 2021 Kelley Blue Book Brand Watch Report: SUVs Hit Another Record; Subaru Models Ride the Wave (Cox Auto)

Cars keep getting pricier and the commodity boom makes it worse (Autoblog) hits 10 million buyer reviews of dealers (Auto Remarketing)

Consumer Preferences Shifting Amid COVID-19 Pandemic (WardsAuto)

Cox Automotive Auto Market Report: May 4 (Cox Auto)

Electrified Vehicle Market Share in California Hits 9 Percent in Q1 (The Detroit Bureau)

New Car Prices Are Skyrocketing This Spring (Car and Driver)

Nissan Holds Top Spot on Most-Seen Auto Ads Chart (WardsAuto)

Rocket ramps up in auto loans with new cross-selling push (American Banker)

Toyota, Kia, Honda and Hyundai Sales Soar After Pandemic Slip (Auto Dealer Today)

Vroom hub openings continue with Detroit launch (Auto Remarketing)

Weekly Market Insights (Black Book)

-Automotive Servicing News-

Hyundai recalls more than 390K vehicles for possible engine fires (Detroit Free Press)

Ford recalls 661,000 Explorer SUVs in North America (Reuters)

FTC sends report to Congress examining vehicle repair restrictions (Auto Remarketing)

-General Business & Executive News-

Analysis: U.S. labor secretary likely to investigate gig employers like Uber (Autoblog)

AutoWeb Reports First Quarter 2021 Results (Newswire)

Boeing-backed start-up Wisk signs first deal to operate air taxis in the U.S. (CNBC)

Breakthrough New Lidar Technology Gives Argo AI the Edge in Autonomous Delivery and Ride-Hail Services (PR Newswire)

CarGurus Announces First Quarter 2021 Results (Yahoo)

Carvana Announces First Quarter 2021 Results (Yahoo)

CARS Reports First Quarter 2021 Results (Newswire)

Elon Musk as 'SNL' host: Tesla CEO plays nice, makes fun of villain status (Detroit News)

Future Mobility Solutions Must Be ‘Tailor Made’ (WardsAuto)

KAR purchases Auction Frontier, provider of simulcast tech for 300-plus auctions (Auto Remarketing)

RateGenius and AUTOPAY, Two Best-in-Class Lending Marketplaces, Have Agreed to Merge, Creating a Diversified Fintech Marketplace for Auto Finance (Newswire)

Rental car agencies rush to build back fleets — by buying used cars (autoblog)

TrueCar and Roadster Partner to Provide TrueCar Users Option to Finalize their Car Deal Online (PR Newswire)

TrueCar Reports First Quarter 2021 Financial Results (Yahoo)

U.S. economy likely created nearly a million jobs in April (Reuters)

Virtual claims are becoming the norm for auto insurance (PropertyCasualty360)

-AEA Reminder-

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Have a great week,

Automotive Executives Association

Automotive Executives Association