Top Automotive Industry News for Week of November 2 - November 8, 2020

Here is the most important news associated with the automotive industry identified by the AEA for the week of November 2, 2020 – November 8, 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-

Automakers use virtual reality to cut the development time for vehicles like the Hummer EV (CNBC)

Bentley will phase out all non-electrified powertrains by 2026 (Autoblog)

BMW warns of pandemic risks as third-quarter profit rebounds (Reuters)

Ford’s new CEO promises investors more transparency, reports October sales declined 6.1% (CNBC)

GM Agrees to Reopen Oshawa Plant in Deal with Union (The Detroit Bureau)

GM Delivers Unexpectedly Strong Q3 Earnings But Wall Street Remains Cautious (The Detroit Bureau)

Honda reports $2.3 billion profit despite pandemic (Autoblog)

Toyota sees profit slip but beat earlier forecasts (Autoblog)

VW CEO says existential electric race awaits after pandemic (Detroit News)

-Automotive/Mobility Evolution News-

The race between Detroit automakers and a slew of startups to dominate the electric pickup truck market (CNBC)

Uber and Lyft eye other states after California ballot victory (CNBC)

Uber sees slowest recovery of ride business in home U.S. market, deliveries more than double (Reuters)

-Automotive Retail News-

Americans Are Still Yawning At Personal Electric Cars, But Fleet Sales Are Skyrocketing (Forbes)

Car prices keep climbing: $100,000 vehicles hitting the road in droves (USA Today)

Honda teams up with Fair.com to offer leasing of CPO used cars (Autoblog)

How Resale Values Are Reflecting The Changing Tastes Of U.S. Car Buyers (Forbes)

Nissan plots digital course for car sales in a post-pandemic world (Reuters)

Pickup truck buyers: 'This is what I need' during coronavirus pandemic (USA Today)

-Automotive Wholesale News-

COVID-19 Market Insights (Auto Dealer Today)

-Automotive Servicing News-

Car recalls for October 29-Nov. 5 (USA Today)

Ford recalls more than 350,000 Explorers for possible suspension failure (The Detroit News)

GM cars and SUVs recalled for leaking transmission fluid (Autoblog)

-General Business & Executive News-

AutoWeb Reports Third Quarter 2020 Results (Globe Newswire)

CarGurus Announces Third Quarter 2020 Results (Globe Newswire)

Ford and General Motors issue statements as Biden wins White House (Autoblog)

Market Scan® Enters Data and Calculation Technology Solutions Agreement with General Motors (Auto Dealer Today)

More Auto Companies Looking to Get SPAC’ed (The Detroit Bureau)

Reputation.com Ranks Top Auto Brands, Dealerships, Dealer Groups in “2020 Automotive Report Update” (Globe Newswire)

Tesla Gets into the Tequila Business, Blows Out First Round in Hours (The Detroit Bureau)

Toyota-backed startup Pony.ai raises $267 million in latest fundraising (Reuters)

TrueCar Reports Third Quarter 2020 Financial Results (Newswire)

Volkswagen truck unit Traton finalises $3.7 billion Navistar acquisition deal (Reuters)

-AEA Reminder-

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Have a great week,

Automotive Executives Association

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Automotive Executives Association

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