Top Automotive Industry News for Week of October 5 - October 11, 2020

Here is the most important news associated with the automotive industry identified by the AEA for the week of October 5, 2020 - October 11, 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-

Audi chief sees 2020 sales down despite strong Q3 (Reuters)

Car design is about to change forever. This video encapsulates how (Fortune)

EV startup Faraday Future in talks to go public through SPAC merger (Reuters)

Ford prepares to start building 2021 F-150 as buyers place orders, sight unseen (USA Today)

Ford Tells Salaried Employees to Work from Home Until July 2021 (The Detroit Bureau)

Honda makes a U-turn to catch U.S. truck, SUV trend (Reuters)

Inside Lucid Motors’ plan to take on Tesla (CNBC)

Musk memo says Tesla has a shot at producing 500,000 cars in 2020 (autoblog)

Toyota, Hino Plan U.S. Hydrogen Big Rig As Upstart Nikola Tries To Stay On Course (Forbes)

U.S. auto suppliers scramble to fill factory jobs (Reuters)

-Automotive Evolution News-

Amazon Offers A Peek Of Rivian-Designed Delivery Vans (Forbes)

Are you ready to ride in a car without a driver? Waymo vans going public in Arizona (USA Today)

Waymo One To Restart Rides And Expand User Base (Forbes)

-Automotive Retail News-

Campaign to highlight TrueCar military car buying program (Auto Remarketing)

Group 1 Automotive shares jump premarket on upbeat guidance and news to reinstate quarterly dividend (MarketWatch)

Latest Equifax Auto Loans & Leases Credit Trends Data (Auto Dealer Today)

Lexus tops Mercedes, BMW in Q3 sales (Automotive News)

Lithia buys Latham Ford, making it 12 stores added in last 2 months (Auto Remarketing)

NADA Market Beat: New Light-Vehicle Sales Up for Fifth Consecutive Month (NADA)

Strength of used-car sales hinges on potential stimulus (Auto Remarketing)

Trucks and SUVs Made September the Best New Car Sales Month Since the Before Times (The Drive)

TrueCar and its Affinity Partners Drive the Most Dealer Showroom Visits for 9th Year in a Row According to J.D. Power (Newswire)

-Automotive Wholesale News-

COVID-19 Market Report (Auto Dealer Today)

Potential catch for dealers regarding projected growth of off-lease volume (Auto Remarketing)

U.S. wholesale inventories climb 0.4% in August (MarketWatch)

-Automotive Ownership News-

COVID-19 and cars: Not a good medical mix, as it can harm drivers and passengers (USA Today)

-Automotive Servicing News-

Car recalls for October 1-8 (USA Today)

Hyundai Kona Electric Recalled in South Korea and US over Potential Fire Danger (Car and Driver)

Porsche Opening Service-Only Facilities in Atlanta, Texas (Wards Auto)

-General Business & Executive News-

Auto Experience, Inc. Proposes To Acquire Auto Finance Firm Consumer Portfolio Services For $135 Million In Cash (PR Newswire)

David Smith, Sonic Automotive CEO arrested in Charlotte on assault charges (CBT)

Dealer Car Search Joins LeadVenture's Family of Brands (PR Newswire)

LMP Automotive Holdings, Inc. Announces Entry Into a Definitive Agreement for the Acquisition of a 70% Interest in Atlantic Automotive Group (Newswire)

Pence, Harris spar on COVID-19, trade, highlighting Detroit, auto jobs (The Detroit News)

QuinStreet and AutoWeb Announce Strategic Relationship to Support Car Buyers (PR Newswire)

Retail investor interest in electric vehicle start-ups doesn’t align with realistic expectations (CNBC)

The U.S. economy is still rising from the rubble, but anxiety is growing about another setback (MarketWatch)

This Week in Cars (Car and Driver)

Uber, Lyft spend big in California to oppose even costlier gig worker law (NBC)

-AEA Reminder-

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Have a great week,

Automotive Executives Association

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Automotive Executives Association

www.automotiveexecutives.com