Top Automotive Industry News for Week of November 16 - November 22, 2020

Here is the most important news associated with the automotive industry identified by the AEA for the week of November 16, 2020 – November 22, 2020.

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-

Daimler Teaming Up with Volvo Parent Geely to Build Hybrid Powertrains (The Detroit Bureau)

Fiat Chrysler, Peugeot maker PSA Group set shareholder meetings to approve merger (Detroit Free Press)

GM ups spending on EVs and autonomous cars by 35% to $27 billion (CNBC)

Mazda Tops Annual Consumer Reports Reliability Study, Tesla Slammed (The Detroit Bureau)

Pandemic, Recession Driving Shift to EVs, Experts Say (Wards)

Tesla to join S&P 500; stock leaps by 11% overnight (autoblog)

Why Honda Civic, Subaru BRZ Are Keeping Manual Transmissions Alive (Car and Driver)

-Automotive/Mobility Evolution News-

U.S. regulators open process to ensure self-driving car safety (Reuters)

-Automotive Retail News-

Auto Finance Volume Recovers From Pandemic-Driven Slump (Wards)

Buick and Jaguar Win Overall Brand Honors in 5th Annual 2021 ALG Pre-Owned Value Awards (Globe Newswire)

COVID-19 Amps Up Dealer Anxiety About OEM Demands (Wards)

Ford to launch new digital platform to sell used vehicles (Detroit News)

Is Everyone Back to Buying Cars? Think Again (The Washington Post)

The Silver Lining: A New Sales Model Emerges (Auto Dealer Today)

Xcite Automotive Launches ReconLogic (PR Newswire)

-Automotive Wholesale News-

COVID-19 Market Insights – 11/17/2020 (Black Book)

-Automotive Servicing News-

GM recalls 68,600 Chevy Bolts for fire risk, warns do not park it in a garage (Detroit Free Press)

Introducing Digital Servicing™ powered by Spiffy Dealer Solutions (Globe Newswire)

-General Business & Executive News-

Biden holds joint meeting with union leaders and CEOs of major retail, auto and tech companies (CNBC)

Busy Week for U.S. Economy Builds to Black Friday: Eco Week (Bloomberg)

Cars and their collectors: Some of the most outrageous car collections in the world (USA Today)

GM to offer auto insurance that uses data from connected vehicles to price rates (CNBC)

Kerrigan Advisors Represents Sterling Motorcars in Sale to Lithia Motors (Auto Dealer Today)

Prime Mover: Amazon is an Automotive Powerhouse (Car and Driver)

Travel Numbers Expected to Drop for Long Holiday Weekend (The Detroit Bureau)

-AEA Reminder-

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Have a great week,

Automotive Executives Association

Automotive Executives Association