Top Automotive Industry News for Week of October 26 - November 1, 2020

Here is the most important news associated with the automotive industry identified by the AEA for the week of October 26, 2020 - November 1, 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-

Detroit automakers keep masks on to keep the factories running (Reuters)

Electric vehicle start-up Fisker surges 13% in NYSE debut (CNBC)

FCA expects to pay $259M in criminal settlement over alleged diesel emissions cheating (The Detroit News)

Fiat, PSA to win EU approval for $38 billion merger, sources say (Reuters)

Ford blows away earnings expectations as consumers buy up trucks during pandemic (CNBC)

GM Defense delivers first Infantry Squad Vehicles to Army (The Detroit News)

Honda Sets A Surprising Production Record (Carbuzz)

Mercedes-Benz to boost stake in Aston Martin to 20%, lend it some tech (autoblog)

Nikola, Hyundai, Toyota, Daimler pursue hydrogen fuel cell trucks (USA Today)

Ram will offer electric pickup, Fiat Chrysler CEO says (USA Today)

Tesla’s Autopilot a ‘distant second’ to GM’s Super Cruise system in Consumer Reports testing (CNBC)

Volkswagen returns to profit as global auto markets recover (The Detroit News)

What’s really going on at Nikola — an inside look at the truck maker mired in controversy (CNBC)

-Automotive Evolution News-

Night vision for cars: Fighting the pedestrian safety crisis (USA Today)

Outrider’s $65 Million Fundraise Signals Strong ‘Green Light’ For AV Trucking (Forbes)

The Success Of Autonomous Vehicles Hinges On Smart Cities. Inrix Is Making It Easier To Build Them (Forbes)

Waymo Data Shows Superhuman Safety Record. They Should Deploy Today (Forbes)

Waymo Forges Robot Truck Alliance With Daimler (Forbes)

-Automotive Retail News-

$100,000 vehicles: New cars, trucks, SUVs top six-figure mark (USA Today)

CarGurus Releases 2020 Pickup Truck Sentiment Study (Yahoo)

Car Sales Rise with Zero-Percent Financing Offers, But Not Near Pre-Pandemic Levels (Newsweek)

Dealer.com helps dealers target connected TV users (Auto Remarketing)

Ford has nearly 190,000 reservations for upcoming Bronco SUV (CNBC)

Group 1 Auto CEO says the pandemic inventory crunch has been the ‘best thing’ for industry (CNBC)

New Car Dealership DMS Provider Challenges Veteran Players (Wards Auto)

New Vehicle Sales Expected to Keep Moving Up in October (The Detroit Bureau)

Study Shows Pandemic Pushing Millennials To Pickups, Temporarily (Forbes)

TrueCar and ALG Forecast Both New and Used Vehicle Retail Sales Up Year-Over-Year for October 2020 Marking Strong Auto Retail Recovery (Newswire)

U.S. auto sales gain pace in October on strong demand: JD Power, LMC Automotive (Reuters)

-Automotive Wholesale News-

KAR notices wholesale prices still way above year-ago & pre-COVID readings (Auto Remarketing)

-Automotive Servicing News-

Polestar Issues Recall for Nearly All Polestar 2 Sedans — The Second Action This Month (The Detroit Bureau)

Tesla plans to open about 52 new service centers in 2021: Electrek (Reuters)

Toyota's fuel pump recall now covers nearly 6 million vehicles globally (autoblog)

VW recalls Jettas to fix fuel leaks that can cause fires (The Detroit News)

-General Business & Executive News-

CarMax announces nationwide hiring effort (Auto Remarketing)

Cars.com closes $400M debt offering, refinances existing credit (Seeking Alpha)

Five Ways The U.S. Elections Might Affect The Auto Industry (Forbes)

Opinion: Lithium is at the heart of the electric-vehicle revolution — here’s how the market for the raw material works (MarketWatch)

Root IPO Raises $724 Million For High-Tech Auto Insurance Provider (Investors.com)

Sean Connery's Most Famous Ride as James Bond Was Aston Martin DB5 (Car and Driver)

TrueCar, AutoNation and DAV Partner on 4th ‘DrivenToDrive’ Program to Help Injured Veterans Get Back Behind the Wheel (Yahoo)

U.S. consumer spending beats forecasts; worries over decreasing government money (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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