Top Automotive Industry News for Week of November 9 - November 15, 2020

Here is the most important news associated with the automotive industry identified by the AEA for the week of November 9, 2020 – November 15, 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-

BMW CEO says sees Toyota alliance going beyond 2025 (Reuters)

BMW unveils electric SUV to challenge Tesla, plans U.S. launch in early 2022 (Reuters)

Daimler will shrink with shift to electric and autonomous cars (autoblog)

EV maker Rivian reveals pricing, details for electric pickup, SUV (Reuters)

Ford may make its own battery cells as a way to preserve jobs (autoblog)

Ford to invest $100 million in Missouri plant to produce all-electric van (CNBC)

General Motors to add 3,000 jobs focused on electric vehicles (CNBC)

GM president worries 'every day and every night' about coronavirus spread (autoblog)

Honda Set to Debut 2022 Civic on Twitch Streaming Service (The Detroit Bureau)

Nissan cuts its forecast for losses, helped by restructuring efforts (autoblog)

VW to invest $86 billion in electric cars, hybrids, digital tech in next 5 years (autoblog)

-Automotive/Mobility Evolution News-

Autonomous delivery startup Nuro hits $5 billion valuation on fresh funding of $500 million (TechCrunch)

Honda says will be first to mass produce level 3 autonomous cars (Reuters)

Walmart to test deliveries by self-driving car with General Motors’ Cruise (CNBC)

-Automotive Retail News-

Black Friday Offering Up Some Good Deals for New Car Shoppers (The Detroit Bureau)

Chevrolet Dominates Most-Seen Auto Ads Chart (Wards Auto)

Consumers Want Hybrid of Digital, In-Store Experience, Expert Says (Wards Auto)

Coronavirus Shaking Up Car Buying As Millennials Suddenly See Big Plusses; EY Report (Forbes)

Lithia buys 9 LA & Phoenix stores from Keyes Automotive Group (Auto Remarketing)

Trade-In Values on Used Car Prices Falling Back to Normal (The Detroit Bureau)

-Automotive Wholesale News-

Used Market Update: November 12, 2020 (NADA)

-Automotive Servicing News-

Ford Issues Two Recalls for 27,000 Vehicles, Includes Explorer, Edge (Car and Driver)

GM recalling Chevrolet Bolt EVs due to fire risks amid federal probe (CNBC)

GM recalls 217K vehicles to fix leak that can stop travel (USA Today)

Xtime and Sunbit Team to Offer Access to Additional Payment Options in the Service Department (PR Newswire)

-General Business & Executive News-

100 Leading Women In The Automotive Industry (Automotive News)

Brockman steps down as Reynolds CEO; Barras promoted (Auto Remarketing)

CARS Reports Third Quarter 2020 Results (Cars.com)

COVID-19 Market Insights – 11/10/2020 (Black Book)

CUNA Mutual Group Acquires ForeverCar to Further Boost Firm's Digital Capabilities (ForeverCar)

Goldman sees strong economy in 2021, but it’s going ‘to get worse before it gets better’ (CNBC)

Nearly Half of Americans Plan to Travel for Thanksgiving, 72% by Car (Cars.com)

Nissan’s civil lawsuit against Carlos Ghosn to get first hearing (Detroit News)

TrueCar, DAV and AutoNation Award Injured Veteran with New Retrofitted Vehicle through 4th Annual DrivenToDrive Program (Globe Newswire)

Uber in talks to sell ATG self-driving unit to Aurora (autoblog)

U.S. vehicle travel was down 8.6% in September, the smallest decline of the pandemic (autoblog)

Will There Be an EV in Every Driveway under the Biden Administration? (Car and Driver)

-AEA Reminder-

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Have a great week,

Automotive Executives Association

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Automotive Executives Association

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