Top Automotive Industry News for Week of May 8 - May 14, 2017

Here is the most important news associated with the automotive industry identified by the AEA for the week May 8, 2017 - May 14, 2017.

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

-Automotive Manufacturing News-

BMW will launch 8 series in upmarket strategy push (Automotive News)

Daimler Calls It Quits on U.S. Diesels for 2017 (The Detroit Bureau)

EVs not expected to have cost advantage until 2025 (The Detroit News)

Ferrari Profits Accelerating Ahead Of Its Own Forecasts (Forbes)

Ford's annual meeting was virtual, but its troubles are real (Automotive News)

Ford's Board Presses Fields On Future Strategy, But The Problem Is What's (Not) In Showrooms Today (Forbes)

Frustrated with GM and Tesla, investor David Einhorn amps up the pressure (Automotive News)

GM laying off 600 at Michigan SUV plant (USA Today)

GM trims battery costs, aims to make profitable EVs (The Detroit Bureau)

Nissan forecasts profit fall, catch up in U.S. truck market (Reuters)

Nissan profit falls 6% on currency losses, rising incentives (Automotive News)

Pressure mounts on Ford, CEO Fields (The Detroit News)

Reports: Volkswagen CEO Matthias Mueller under investigation in Germany (USA Today)

Subaru Profit Drops 27% on Higher Spending and Stronger Yen (

Tesla will do in three years what it took Porsche 10 years to do, says analyst (CNBC)

Toyota cautions profits are likely to fall sharply (USA Today)

Toyota to use Nvidia chips for autonomous cars (LA Times)

US fleetwide MPG reaches highest level in almost a year (autoblog)

Volkswagen plans to ‘leapfrog’ Tesla in electric car race (CNBC)

VW chair defends decision not to publish probe results (The Detroit News)

VW’s Mueller Under Investigation Over Diesel Scandal (The Detroit Bureau)

-Automotive Retail News-

Auto loan fraud is soaring in a parallel to the housing bubble (Automotive News)

eBay Motors Integrates TrueCar Shopping Tools (Auto Dealer Monthly)

Growing U.S. used-car glut is a consumer's dream, automakers' nightmare (Automotive News)

Maserati Rolls Out CPO Program (Auto Dealer Monthly)

Online intros could draw Gen Y to F&I products (Automotive News)

Online Sales Decreasing Foot-traffic To Dealerships (DrivingSales)

Penske Automotive Group Inc. Sets Sales Records As Slowdown Looms (

Speedsters gain popularity amid nosediving car sales (The Detroit News)

TransUnion: Auto Delinquencies Tick Up as Originations Slow (Auto Dealer Monthly)

US Auto Sales Continue to Slow, Demand Shifts from New to Used (DrivingSales)

U.S. used-car glut is a dealer’s dream, automakers’ nightmare (Reuters)

What credit score is needed to buy a car? (The Detroit News)

-Automotive Wholesale News-

ADESA sales volumes up 17% (Auto Remarketing)

As prices stabilize, dealer consignment softens (Auto Remarketing)

Incidents at auto auctions prompting more safety measures (Boston Globe)

-Automotive Enthusiast News-

This Is the One Millionth Porsche 911 (Road & Track)

We Finally Drive The New Ford GT (Car & Driver)

-Automotive Servicing News-

eBay Offers Tire Installation Services (Tire Review)

Fiat Chrysler recalls 1.25 million trucks over software error (Reuters)

Here's What It Will Cost If Your Car's 'Check Engine' Light Stays On (Forbes)

-Automotive Evolution News-

Autonomous Vehicle Passengers Getting Motion Sickness (The Detroit Bureau)

How the auto industry is about to get personal (Venture Beat)

People Will Pay $4,900 For Autonomous Car Tech, Study Says (MotorTrend)

New York Gov. Cuomo says state will allow testing of self-driving cars (MarketWatch)

Why 95 percent of your driving won't be in your own car by 2030 (CNBC)

-General Business & Executive News-

Auto Sector Grapples with Safety Recalls, Softening U.S. Sales (Zacks)

Car Sales Will Be Key to Job Creation (Bloomberg)

Discounted Cars Benefit Buyers, but May Spell Trouble For Industry (NY Times)

Google’s Fight Against Uber Takes A Turn To The Criminal (Wired)

Hertz Reports Net Loss of $223M (Vehicle Remarketing)

Lincoln expands new chauffeur service to Calif. (The Detroit News)

May Q&A: The State of the Industry (Dealer Marketing Magazine)

TrueCar's Loss Narrows as Revenue Rises 22% (

-AEA Reminder-

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Have a great week,

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