Top Automotive Industry News for Week of October 19 - October 25, 2020

Here is the most important news associated with the automotive industry identified by the AEA for the week of October 19, 2020 - October 25, 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-

A Bad Year Gone Good, Says Toyota’s U.S. Sales Chief (The Detroit Bureau)

Automakers Hyundai, Kia warn of $2.9 billion hit to earnings over U.S. quality woes (Yahoo)

Daimler rebounds after lockdowns, raises outlook as car sales recover (autoblog)

Federal bill seeks to ban gas-powered vehicles by 2035 (Detroit News)

Ford unveils new self-driving test vehicle for 2022 launch (CNBC)

GMC Hummer EV: 5 things to know about GM’s first electric ‘supertruck’ (CNBC)

GM to invest more than $2 billion in U.S. manufacturing to increase electric vehicle production (CNBC)

GM ‘going forward’ with Nikola partnership talks on trucks (The Detroit News)

Honda, Arizona reach $5 million settlement over air bags (The Detroit News)

Less carbon, more electric vehicles: automakers prepare for potential Biden win (Reuters)

Lithia Motors plans to expand footprint as it rolls out at-home ‘Driveway’ strategy (CNBC)

Lordstown Motors to hit stock market on Monday (The Detroit News)

Magna May Open North American Plant to Build EVs for Aspiring Auto Startups (The Detroit Bureau)

Manley calls COVID-19 'biggest single risk ever' for auto industry (Detroit Free Press)

Studies Show GM Builds the Most American-Made Vehicle Models (PR Newswire)

Tesla Stays In The Black For A Fifth Quarter, Buoyed By Emissions Credit Sales (Forbes)

Tesla’s ‘Full Self-Driving’ Is 99.9% There, Just 1,000 Times Further To Go (Forbes)

Top US dealer warns automakers are missing resupply deadlines (The Detroit News)

-Automotive Evolution News-

A Company You Never Heard of Just Set a Production Car Land Speed Record (The Detroit Bureau)

Applied Intuition Reaches $1.25 Billion Valuation In New Funding For Its Autonomous

Vehicle Testing Software (Forbes)

Cruise, GM to seek U.S. okay for self-driving vehicle without pedal, steering wheel (Reuters)

Lyft, Motional Resume Autonomous Test Fleet Testing in Las Vegas (The Detroit Bureau)

Predictions Rosy For ‘Roadschooling’ Whence Self-Driving Cars Arrive (Forbes)

-Automotive Retail News-

AutoNation profit jumps as strong demand, tight inventory drive prices (Reuters)

AutoNation reports ‘best quarter ever’ as Covid convinces people to buy their own cars, CEO says (CNBC)

Autotrader, KBB share their top car deals for the month (Auto Remarketing)

CPO sales climb nearly 10% last month (Auto Remarketing)

Electric Car Sales Will Accelerate, But Gasoline Power Will Retain Big Global Share (Forbes)

Fiat Chrysler expanding online shopping options to include used cars (Detroit Free Press)

GM sells out first year of electric Hummer production (Reuters)

Most recent car buyers now want home delivery (Auto Remarketing)

Pricing Trends on 2020 & 2021 Models (DrivingSales)

Sunday Strategist: The Internet Comes Calling for Car Salesmen (Bloomberg)

-Automotive Wholesale News-

COVID-19 Market Insights (Auto Dealer Today)

TradeRev relaunches Move Metal transport guarantee (Auto Remarketing)

-Automotive Servicing News-

Car recalls for October 15-22 (USA Today)

-General Business & Executive News-

2021 New York Auto Show Moves To August 20-29 Amid COVID-19 Concerns (CarScoops)

CarLotz to go public via merger with special purpose acquisition company (Auto Remarketing)

Carvana Partners with 7-Time NASCAR Cup Series Champion Jimmie Johnson and Chip Ganassi Racing in INDYCAR (BusinessWire)

Ford CEO's dangerous racing hobby raises questions over risk to shareholders (Detroit Free Press)

How DieHard Pulled Off That Die Hard Ad Starring Bruce Willis (AdWeek)

NADA Makes Major Leadership Announcements (Auto Dealer Today)

-AEA Reminder-

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Have a great week,

Automotive Executives Association

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Automotive Executives Association

www.automotiveexecutives.com