Top Automotive Industry News for Week of October 21 - October 27, 2019

Here is the most important news associated with the automotive industry identified by the AEA for the week of October 21, 2019 - October 27, 2019.

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

-Automotive Manufacturing News-

EPA Delays Decision on Fuel Economy Rules Again (The Detroit Bureau)

Federal corruption probe, strike loom over UAW’s voting on proposed labor contract with GM (CNBC)

Ford hopes 'Mustang-inspired' SUV will shock Tesla, electric vehicle world (USA Today)

Ford shares tumble nearly 7% as $11 billion restructuring hits bumps (CNBC)

Hyundai is building cruise control that mimics your driving style (autoblog)

Hyundai outlines EV strategy as it struggles with cost of engine defects (autoblog)

Mack Reaches Agreement with UAW, Strike Ends (The Detroit Bureau)

Tesla Is Back In The Black As Lower Costs, Credit Sales Fuel Quarterly Profit–And A Share Price Surge (Forbes)

Tesla overtakes GM as most valuable U.S. automaker — and short sellers get burned (autoblog)

Toyota's not alone in the slow lane to self-driving cars (Reuters)

UAW leaders send deal with GM to workers for ratification vote; strike continues (Detroit Free Press)

Waiting for ratification, UAW strikers reflect America's anxiety about overall economy (Detroit Free Press)

-Automotive Evolution News-

Adobe Helping Carmakers Analyze Owners' Behavior While They Drive (Car and Driver)

American drivers warming to self-driving cars (autoblog)

Bad News: Self-Driving Cars May Be Roaming Empty Much Of The Time (Forbes)

No Fully Autonomous Vehicles “In My Lifetime,” Predicts Apple Co-Founder Steve Wozniak (The Detroit Bureau)

-Automotive Retail News-

CarMax Is Defying The Odds In The Slowing Auto Industry (Forbes)

Group 1 Auto posts record revenue amid uptick in new car sales (Chron)

NADA: Franchised dealers retail nearly 8M used vehicles during first half of 2019 (Auto Remarketing)

NADA: Wages at franchised dealerships still climbing (Auto Remarketing)

Zotye Signs Dealers in 100 U.S. Markets (Auto Dealer Today)

-Automotive Wholesale News-

Auto marketplace ACV Auctions seeks to raise $150 million at $1 billion valuation (Reuters)

Lane watch: No sales & price softening continues (Auto Remarketing)

Wholesale Values Stabilize After Weeks of Decline (Vehicle Remarketing)

-Automotive Servicing News-

Car parts maker Valeo says sales up but warns of GM strike impact (Reuters)

Parts & service, along with used cars, helps push franchised dealer profits, optimistic valuations (Auto Remarketing)

Subaru recalls cars, SUVs for engine control, debris trouble (The Detroit News)

-General Business & Executive News-

49 nominees in running for annual TIME Dealer of the Year Award (Auto Remarketing)

Automakers, Car Dealers Need to Brace for New Realities (Wards Auto)

Autotrader Tips Off Its 16th Season of NBA Partnership (PR Newswire)

Auto Insurance Claims Satisfaction Reaches Record High as Carriers Refine Time-Consuming Processes, J.D. Power Finds (PR Newswire)

Chuck Schumer proposes ‘large discounts’ to trade in gas-powered cars for electric ones (The Verge)

Dealers United gains tools as Facebook marketing partner (Auto Remarketing)

Fair, the SoftBank-backed car subscription startup, lays off 40% of staff, sacks CFO (TechCrunch)

Senate May Push $462B EV Incentive Plan if Democrats Regain Control (The Detroit Bureau)

Why the U.S. economy’s bumpy ride is about to get bumpier (MarketWatch)

-AEA Reminder-

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Have a great week,

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