Top Automotive Industry News for Week of October 14 - October 20, 2019

Here is the most important news associated with the automotive industry identified by the AEA for the week of October 14, 2019 - October 20, 2019.

We hope it helps you stay up to speed on the key developments in our industry:

-Automotive Manufacturing News-

British sports car maker McLaren Automotive will keep production in the UK despite Brexit (CNBC)

FCA must pay almost $80M for missing federal fuel economy standards in '17 (Detroit Free Press)

Ford introduces electric charging network with 12,000 stations, teams with Amazon on home installation (MarketWatch)

Ford offers 2 years free charging to buyers of electric cars like expected 'Mustang-inspired' SUV (USA Today)

GM Lordstown plant workers urge rejection of UAW deal if their factory remains closed (USA Today)

Hyundai Unveils Massive Self-Driving Investment As South Korea Looks To Lead In Autonomous Tech (Forbes)

Keen to develop self-driving cars, Hyundai Motor Group unveils $35 billion investment plan (Reuters)

Porsche unveils Taycan 4S, a new $103,000 entry-level EV for 2020 (USA Today)

Renault warns 2019 sales drop will be steeper than expected (Reuters)

Toyota plans to add hundreds of jobs at Kentucky plant, offers signing bonus (USA Today)

UAW-GM contract offers $11,000 bonus, pay raises, no change in health care (The Detroit News)

UAW-GM deal calls for raises, $11K ratification bonus, Lordstown closure, pathway for temps (Detroit Free Press)

UAW strike has now cost $2 billion, could ‘bring GM to its knees,’ Bank of America says (CNBC)

Volkswagen gets more time from U.S., auditor to comply with diesel settlement terms (Reuters)

Volvo Targets 40% Carbon Cut For Vehicles And Factories As It Rolls Out Electric Crossover (Forbes)

VW’s U.S. CEO Has Seen the Future and it’s All About SUVs and BEVs (The Detroit Bureau)

Workers celebrate GM-UAW deal, show union power in industry (USA Today)

-Automotive Evolution News-

Getting To Scale For Self-Driving Cars Is Going To Be A Heck Of A Stretch (Forbes)

Tesla CEO Musk’s Vision of Model 3 Cabs Coming True — Sort Of (The Detroit Bureau)

-Automotive Retail News-

AutoNation says consumer group report on recalls is 'inaccurate,' doesn't share full truth (Auto Remarketing)

September auto defaults rise to highest point so far in 2019 (Auto Remarketing)

Tesla Wants Back in Dealership Game, Seeks Loophole (Auto Dealer Today)

Used Vehicles Sold at AutoNation Found with Unrepaired Recalls (Vehicle Remarketing)

-Automotive Wholesale News-

Wholesale Values Continue to Slide Midway Through October (Vehicle Remarketing)

-Automotive Ownership News-

Ford Makes FordPass Connect Remote Vehicle Services Free (Cars.com)

-General Business & Executive News-

AutoGravity Corporation Takes a TURN Toward Flexibility With New Mobility Solution (BusinessWire)

Dealer.com and Cartender Introduce New Digital Video Advertising Services to Dealers (Dealer.com)

Ford Credit Rolls Out Discount Car Insurance Program (FI Magazine)

Hyundai CMO Dean Evans Steps Down (Forbes)

Inside James Dyson’s Costly Decision to Kill His Electric Car (Forbes)

LendingTree and RouteOne partner to increase indirect loans (Auto Finance News)

Motor1.com users can now access TrueCar price data (Auto Remarketing)

Nationwide’s Spire spinoff uses phone telematics, offers quote in 60 sec., will examine auto claims next (RDN)

Ricart Elected 2020 NADA Chair, Walser Named Vice Chair (Auto Dealer Today)

TrueCar Named by Newsweek as One of America’s Best Customer Service Brands for Second Year in a Row (Yahoo)

Weak U.S. retail sales cast shadow over slowing economy (Reuters)

-AEA Reminder-

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