Top Automotive Industry News for Week of October 8 - October 14, 2018

Here is the most important news associated with the automotive industry identified by the AEA for the week October 8, 2018 - October 14, 2018.

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

-AEA Membership News-

The next AEA Members Reception will be held on Tuesday October 23rd, 2018 in Las Vegas. Invitations have been sent to all current AEA Members. If you have any questions, please contact memberservices@automotiveexecutives.com

-Automotive Manufacturing News-

BMW Makes $4.1 Billion Push for Control in China Car Market (Bloomberg)

China Car Market Tumbles, Complicating Problems for U.S. Automakers (The Detroit Bureau)

Faraday Fritters Away Funding, Future Fading Fast — Again (The Detroit Bureau)

Ford Discusses Vehicle Lineup Shift (Automotive Fleet)

Ford investors 'want some comfort' from CEO Jim Hackett as shares drop to six-year low (CNBC)

Jaguar Is Reportedly Considering Going Fully Electric across Its Entire Lineup (Car and Driver)

James Murdoch reportedly in line to replace Musk as chairman of Tesla board (LA Times)

General Motors will soon use wind power to build pickups and SUVs (Detroit Free Press)

Order a Coffee and Pay, With a Tap on the Dash (The New York Times)

What are the most popular features in new cars? Keyless start, turbocharging top list (USA Today)

-Automotive Evolution News-

Arizona is creating an autonomous vehicle research institute (autoblog)

Not everyone is ready to ride as autonomous vehicles take to the road in ever-increasing numbers (CNBC)

Self-driving cars could change the way you get around in retirement (CNBC)

Self-driving cars may hit U.S. roads in pilot program: NHTSA (Reuters)

Toyota, SoftBank in first-ever alliance, target self-driving car services (Reuters)

Waymo hits 10 millionth mile, prepares for public ride hailing (CNBC)

-Automotive Retail News-

Auto consumers feel pinch as interest rates rise (The Detroit News)

Costco Auto to Expand Members-Only Incentive Program Next Year (Auto Finance)

Just days left to buy a Tesla if you want $7,500 federal tax credit (USA Today)

RelayCars Launches Virtual Reality Sales Platform (Auto Dealer Monthly)

Roadster Launches Desking Solution (Auto Dealer Monthly)

Sonic opens EchoPark store in hometown (Auto Remarketing)

-Automotive Wholesale News-

Wholesale Values Stabilizing at Start of October (Vehicle Remarketing)

-Automotive Ownership News-

Average Age of Vehicles in the U.S. is Higher than Ever (The Detroit Bureau)

-Automotive Servicing News-

Safety group wants Hyundai and Kia to recall 2.9 million vehicles (LA Times)

Toyota recalls vehicles to fix air bag problem (The Detroit News)

-General Business & Executive News-

Automakers Toyota, Mercedes and BMW top list of world’s most valuable car brands (USA Today)

Elon Musk’s settlement still on track despite tweet mocking the SEC (MarketWatch)

How Will the Shift from NAFTA to USMCA Affect the Auto Industry? (industry Week)

Manheim invests $100M in digital marketplaces amid industry-wide growth (Auto Remarketing)

Sears ready to file bankruptcy later tonight as former US retail giant tries to stay alive (CNBC)

Uber Says It's Three Years From Turning A Profit As It Pitches Debut Bond (Forbes)

-AEA Reminder-

Did we miss something? Let us know via our Contact Us Page >> . If you have specific important news going public soon that you would like to share with your fellow AEA Members, submit your PR Distribution Request >>

Have a great week,

Member Services

memberservices@automotiveexecutives.com

Automotive Executives Association

www.automotiveexecutives.com