Top Automotive Industry News for Week of November 30 - December 6, 2020

Here is the most important news associated with the automotive industry identified by the AEA for the week of November 30, 2020 – December 6, 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-

Ford delays Bronco SUV launch due to coronavirus issues at suppliers (Reuters)

Ford’s Product Launches Go Smoothly in 2020, Unlike Other Recent Efforts (The Detroit Bureau)

GM CEO Barra defends the company's pickup production despite its EV push (Detroit Free Press)

Hyundai Motor to launch dedicated EV platform in major push into electric cars (Reuters)

Nikola and GM reach scaled-back deal that pulls plug on Badger pickup (NBC)

Nissan joins GM in exiting auto group backing Trump (Reuters)

Porsche investing $24 million in ‘e-fuels’ to supplement electrification of sports cars (CNBC)

Tesla CEO says he is open to friendly deal with rival carmaker (Reuters)

Volvo CEO Expects Brand to Be Entirely Electric as Early as 2030 (The Detroit Bureau)

-Automotive/Mobility Evolution News-

Aptera Taking Orders for EV That It Claims Never Needs Charging (Car and Driver)

AutoX Debuts China’s First Public Driverless Robotaxi Service (The Detroit Bureau)

European Union aims to have 30 million electric cars on the road by 2030 (autoblog)

-Automotive Retail News-

About 150 Cadillac dealers take GM buyouts rather than invest in Evs (CNBC)

Asbury Automotive Group Launches Clicklane-- The First-Ever End-To-End Car-Buying Solution-- And Unveils Its Five-Year Strategic Vision (PR Newswire)

Average New-Vehicle Prices Up 1.3% Year-Over-Year in November 2020, Down 1.2% from Last Month, According to Kelley Blue Book (PR Newswire)

CarGurus Study Uncovers How Pandemic Impacted Automotive Industry in 2020 (Yahoo)

Coronavirus, Year-End Discounts Motivate First-Time Car Buyers: Cars.com (Forbes)

COVID-19 Market Insights – 12/1/2020 (Black Book)

Michigan bill seeks to end Tesla's direct-to-customer sales (autoblog)

NADA Market Beat: New-Vehicle Sales Down Slightly Compared to Previous Two Months (NADA)

New Experian Report Shows Auto Industry Continued to Rebound in Q3 (Auto Dealer Today)

November New Car Sales Dip amid Fewer Selling Days, but Recovery Goes On (Car and Driver)

PureCars and Facebook Conduct Joint Study on Impact Social Marketing Tools Have on Dealers Cutting Advertising Expenses (Auto Dealer Today)

U.S. auto sales lose momentum in November: Wards Intelligence (Reuters)

-Automotive Servicing News-

Hyundai Recalling 129K Vehicles in the U.S. to Mitigate Fire Risk (The Detroit Bureau)

Mobile Service Vans Find Niche Among Dealers (Wards Auto)

-General Business & Executive News-

Francisco Partners to Acquire International Business of CDK Global for $1.45 Billion (BusinessWire)

General Motors Enters the Auto Insurance Business (Investopedia)

Hertz to Sell Donlen for at Least $875 Million (Automotive Fleet)

J.D. Power Poised to Set New Vision for Automotive Forecasting After Completing ALG Acquisition (Yahoo)

S&P Global to buy IHS Markit for $44 billion, expanding data empire (Reuters)

Shell Retains Leadership of Global Lubricants Market (Auto Dealer Today)

Uber asks U.S. CDC to consider ride-hail drivers essential for COVID-19 vaccine distribution (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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