Top Automotive Industry News for Week of October 12 - October 18, 2020

Here is the most important news associated with the automotive industry identified by the AEA for the week of October 12, 2020 - October 18, 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-

Appeals court: Ford committed fraud by selling defective Super Duty trucks (USA Today)

Apple assembler Foxconn aims to supply to about 3 million EVs by 2027 (Reuters)

California urges automakers to reveal improper emissions software (Reuters)

Daimler posts $3.6 billion operating profit in Q3 on sales recovery, cost cuts (Automotive News)

Fisker Ties Up With Magna To Build Its Electric Ocean SUV (Forbes)

Ford, BMW plug-in hybrid fires are a 'black eye' for electrified vehicles (The Detroit News)

Ford delays launch of plug-in Escape SUV after fires in European model (The Detroit News)

Ford really needs its F-150 pickup to stay on top (CNBC)

Four years ago Elon Musk announced all Tesla cars have the hardware needed for full

self-driving, so where is it? (CNBC)

GM Gives Old Plant a New Name: Factory ZERO (The Detroit Bureau)

Hyundai begins building electric vehicle hub in Singapore (Reuters)

Joe Biden on electric vehicles: 'We're not investing' (The Detroit News)

Nissan's U.S. lending arm to pay $4M over wrongful repossessions (autoblog)

What's the Next Big Thing In Safety Tech? (Car and Driver)

-Automotive Evolution News-

Getaround raises a $140 million Series E amid rebound in short-distance travel (TechCrunch)

Survey of riders on UM driverless shuttle shows vast majority trusted it (The Detroit News)

The Covid-19 Era Sheds Light On Transportation’s Climate Change Impact (Forbes)

When Self-Driving Cars Don’t Realize They’ve Been In A Car Crash (Forbes)

-Automotive Retail News-

Asbury Automotive offers upbeat profit guidance for Q3 (MarketWatch)

Auto dealers face a revolution in their business as EVs are poised to gain market share (LA Times)

Fast take: U.S. consumer inflation muted, just don't buy a used car (Reuters)

Online used-car seller Shift's shares fall in Nasdaq debut (Nasdaq)

Six Months into Pandemic TrueCar Study Finds Vehicle Affordability Now Tops Car Shopper Concerns (Newswire)

Tesla Model S goes through second price cut, starting at $69,420 (USA Today)

The used car boom is one of the hottest, and trickiest, coronavirus markets for consumers (CNBC)

Used vehicle prices up as supply sinks, but relief is coming (The Detroit News)

-Automotive Wholesale News-

COVID-19 Market Insights (Auto Dealer Today)

Lane watch: Why dealers are now ‘exercising caution’ (Auto Remarketing)

-Automotive Ownership News-

Auto Loans Were Left out of the CARES Act, and People Are Hurting (Car and Driver)

-Automotive Servicing News-

Another Potential Massive Takata Recall Surfacing, Focused on Safety Belts (The Detroit Bureau)

BMW, Mini recall nearly every PHEV model built in 2020 due to fire risk (autoblog)

COVID's Impact On Service Demand Then and Now (DrivingSales)

Federal agency investigating fire reports in Chevy Bolt electric vehicles (Detroit Free Press)

-General Business & Executive News-

$150M Series E Funding Fuels ACV Auctions' Continued Investment In Its Marketplace Products and Footprint (Newswire)

CarGurus’ Second Annual Navigate® Conference Goes Virtual this Fall (Newswire)

CARS Announces Strong Preliminary Third-Quarter 2020 Results (Cars.com)

NADA Announces NADA Show 2021 Moves to Fully Virtual Experience (NADA)

National Auto Care Acquires Assurance Marketing Inc. (F&I Showroom)

Software CEO billionaire Robert Brockman (Reynolds & Reynolds) indicted in alleged elaborate tax-evasion scheme (Daily News)

U.S. auto market may take three years to rebound from COVID, says Subaru CEO (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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