Top Automotive Industry News for Week of May 6 - May 12, 2019

Here is the most important news associated with the automotive industry identified by the AEA for the week of May 6, 2019 - May 12, 2019.

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

-Automotive Manufacturing News-

Carmakers That Invest Too Much Too Soon In Advanced Tech Vehicles May Not Survive (Forbes)

Dyson Reveals Electric Car Patents; Offers New Hints About Project (The Detroit Bureau)

Ferrari to stop supplying Maserati with its engines (autoblog)

Ford assures shareholders that change is underway (The Detroit News)

Ford CEO Hackett reassures investors of EV plans as it pours money into electric F-150, 'Mustang-inspired' crossover (CNBC)

GM Cruise autonomous vehicle unit valued at $19 billion with latest $1.15 billion funding round (CNBC)

Here's where GM layoffs stand after stunning blow to factory workers (USA Today)

Lawsuit: Ford hid Focus, Fiesta transmission problems — then blamed customers (USA Today)

Tesla faces twin assault as Mercedes, VW start taking orders for first long-range EVs (CNBC)

The Mercedes-Maybach GLS Will Be the Most Expensive Car Built in America (Car and Driver)

Toyota quarterly profit dips, but sales rose; Honda reports a loss (autoblog)

Trump says GM will sell shuttered Lordstown, Ohio plant to electric truck maker Workhorse (USA Today)

VW's $2 billion penalty for diesel scam, Electrify America, builds electric charging network across US to boost EV market (CNBC)

VW's new electric car passes 10,000 orders in just 24 hours (CNBC)

‘We Have a Lot of Questions’: Doubts Loom Over G.M. Plan for Lordstown Plant (The New York Times)

-Automotive Evolution News-

AAA study finds Americans are warming to electric vehicles, but most aren't ready to buy — at least not yet (CNBC)

Connected cars: ‘Where privacy rubber meets the road’ (Auto Remarketing)

Lyft Adding Self-Driving Waymo Vehicles For Riders In Phoenix (Forbes)

Senators Pushing Legislation to Protect EV Battery Minerals (The Detroit Bureau)

What's The Piece-Of-The-Pie For Driverless Cars In $2 Trillion Infrastructure Plan? (Forbes)

-Automotive Retail News-

Black Book: Used Values Decline for Fifth Straight Month (Auto Dealer Today)

CarMax expands Customer Experience Center program to Kansas City (Auto Remarketing)

Carvana Q1: Accelerated Growth Accelerates Losses (Auto Dealer Today)

Looking to turn CPO units? Autotrader says May is the time (Auto Remarketing)

Roadster to Drive Toyota, MBUSA Digital Retail Programs (Auto Dealer Today)

Used-car sales climb 3% amid demand shift (Auto Remarketing)

-Automotive Wholesale News-

Wholesale Values Rise for Seventh Consecutive Week (Vehicle Remarketing)

-Automotive Servicing News-

U.S. investigating reports of Mazda SUV side air bags that deploy for no reason (USA Today)

-General Business & Executive News-

AutoWeb Reports First Quarter 2019 Results (AutoWeb)

CarGurus Announces First Quarter 2019 Results (Globenewswire) in talks with 'multiple parties' over possible sale (Chicago Business) Reports First Quarter 2019 Results (

GM Cruise raises $1.15B at a $19B valuation from SoftBank and Honda (TechCrunch)

Tesla Spends Zero On Ads. Here's Where BMW, Toyota, Ford, and Porsche Spend Digital Ad Dollars (Forbes)

This Is Why Investors Hate Carvana (Auto Dealer Today)

TrueCar Reports First Quarter 2019 Financial Results (TrueCar)

Uber Is One of the Worst Performing IPOs Ever (Fortune)

-AEA Reminder-

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Have a great week,

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