Top Automotive Industry News for Week of October 7 - October 13, 2019

Here is the most important news associated with the automotive industry identified by the AEA for the week of October 7, 2019 - October 13, 2019.

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

-Automotive Manufacturing News-

Consumer Reports calls Tesla Summon a 'glitchy' 'science experiment' (autoblog)

Genesis Names Former Audi President Del Rosso CEO (The Detroit Bureau)

GM CEO Mary Barra meets with union leaders to jump-start stalled negotiations (MarketWatch)

GM debuts 2020 Corvette Stingray convertible: First-ever hardtop 'Vette (USA Today)

GM sweetens UAW contract offer with $7.7 billion in ‘direct’ US factory investments (CNBC)

GM temporarily shuts down Mexico plant after UAW strike causes parts shortage (USA Today)

GM urges UAW to engage in ‘around-the-clock’ bargaining to reach a deal, potentially end strike (CNBC)

Head Of Auto Dealers Association Pushes For Quick Passage Of New Trade Agreement, Defends Trump (Forbes)

Hyundai is investing $35 billion in autonomous driving and electric cars (CNN)

Key sticking point: GM and UAW at odds over what will be made in America (Detroit Free Press)

Pickup wars rage on: Silverado, F-150, Ram do battle for GM, Ford, Fiat Chrysler (USA Today)

Porsche wants in on the flying car business of the future, signs with Boeing (autoblog)

Renault ousts CEO Thierry Bollore (MarketWatch)

Rise of EVs Will Cost Jobs Across Auto Industry (The Detroit Bureau)

Rivian, other electric vehicle startups grapple with huge cash demands (Chicago Business)

US manufacturing entering a ‘golden era’ under Trump, says auto parts billionaire and NFL owner (CNBC)

-Automotive Evolution News-

Electric-Car Owners Hard Hit by Massive California Power Shutdown (Car and Driver)

Hollywood and Autonomous Vehicles: How Films, Cartoons, and TV Shows Have Shaped Our AV Biases (Forbes)

Not the next Tesla: Vacuum cleaner maker Dyson abandons electric car dreams (USA Today)

-Automotive Retail News-

CPO car sales appear set for new all-time record (Auto Remarketing)

Moving F&I online pushes software, product providers to web (Automotive News)

Rising old used car prices help push poor Americans over the edge (Reuters)

Used-car price tumble spells trouble for the U.S. auto market (The Detroit News)

-Automotive Wholesale News-

September Wholesale Market Performance Signals Waning Market Strength (Vehicle Remarketing)

Vehicle Auctions Make Their Bid To Fill Dealer Lots With Affordable Stock (Forbes)

-Automotive Ownership News-

California gas prices soar above $4, reaching the highest price in five years (CNN)

SUVs less likely to kill car drivers than ever, trucks, not so much: Report (autoblog)

-General Business & Executive News-

Automakers Secretive About Plans For LA Auto Show (MediaPost) Amends Credit Agreement to Increase Flexibility and Further Strengthen Liquidity Position (PR Newswire)

Hearst To Operate 'Autoweek' Digital Businesses, Crain Communications Ends Print Magazine (MediaPost)

Honda Acquires Drivemode, A Smartphone App Developer, In Its First Startup Buy Ever (Crunchbase)

TrueCar and its Affinity Partners are the Most Visited and Most Useful Independent Websites for 6th Year in a Row According to J.D. Power (Globe Newswire)

Omega Auto Care Partners With RepairPal (Aftermarket News)

Subaru of America Expands Pet Adoptions to More Than 40 National Auto Shows Nationwide (PR Newswire)

These are the 10 richest people in the auto industry (The Detroit News)

US manufacturing entering a ‘golden era’ under Trump, says auto parts billionaire and NFL owner (CNBC)

-AEA Reminder-

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Have a great week,

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