Top Automotive Industry News for Week of September 21 - September 27, 2020

Here is the most important news associated with the automotive industry identified by the AEA for the week of September 21, 2020 - September 27, 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-

BMW fined $18 million for inflating monthly U.S. sales figures (autoblog)

California's governor, Gavin Newsom, wants to ban gas cars by 2035. What does that mean for drivers? (USA Today)

California Not Alone in Planning to Ban Gas, Diesel Cars and Trucks (The Detroit Bureau)

Elon Musk says Tesla's full self-driving Autopilot is coming soon and it's 'clearly going to work' (USA Today)

Ford Slams Jeep, Chevy, Toyota Over California Emissions In New Ad (Motor1)

How Tesla, GM and others aim to fix electric vehicle range anxiety (CNBC)

Resignation of Nikola founder could help keep EV deal with GM on track (The Detroit News)

Tesla says halving battery production costs will make $25,000 car possible (The Detroit News)

What new Karma Automotive lineup will entail (Auto Remarketing)

-Automotive Evolution News-

Chinese electric car start-up Xpeng shows off new flying vehicle (CNBC)

Congress will try again in 2021 on self-driving car reform (Reuters)

EV charging network ChargePoint to go public at $2.4 billion valuation (autoblog)

-Automotive Retail News-

A Much-Needed Alignment for Dealers and OEMs (Auto Dealer Today)

Automakers Expected to Report Strong September Sales (The Detroit Bureau)

CarMax completes national rollout of omni-channel experience (Auto Remarketing)

Carvana sees record sales fueled by shift to online buying (The Detroit News)

How the Pandemic Will Strengthen the Automotive Industry More Than the Great Recession (Auto Dealer Today)

New Vehicle Retail Sales Make a Roaring Comeback in the Third Quarter, Edmunds Forecasts (PR Newswire)

Purchase of Jim Cogdill CJDR marks Lithia’s expansion to Tennessee (Auto Remarketing)

Retail Sales to Post First Gain Since February; Average Transaction Prices Reach Highest Level Ever (J.D. Power)

Rivian, other startups face ban from Michigan dealers in direct-sales fight (Crain’s)

The first version of VW ID.4 electric SUV sold out on the first day (Electrek)

Third Quarter Auto Sales Forecast Gives Reason for Optimism (The Detroit Bureau)

TrueCar and ALG Forecast New and Used Vehicle Sales for September 2020 and the Third Quarter (Newswire)

TrueCar boosts retailer offering with complimentary VIN-specific digital payments and trade tools for network dealers (Automotive World)

U.S. auto sales gain pace in September as demand recovers: JD Power, LMC (Reuters)

-Automotive Wholesale News-

Black Book: COVID-19 Market Updates (Auto Dealer Today)

How auction sales volumes have started September (Auto Remarketing)

Lane watch: 2 specific vehicle segments still drawing dealer interest (Auto Remarketing)

-Automotive Servicing News-

Affinitiv Announces Renewal of the Kia Owner Retention Experience Program (F&I Magazine)

Car recalls for September 17-24 (USA Today)

-Automotive Ownership News-

Amazon Ring's New Security Cameras and Tech Protect Your Car (and You) (Car and Driver)

Tesla suffers network outage disabling car owners’ mobile app (The Detroit News)

-General Business & Executive News-

As Electric Truck Startup Hyliion Goes Public, Founder Is Set To Be America’s Youngest Self-Made Billionaire (Forbes)

Detroit auto show moves to fall, snatching prime window from L.A. auto show (Detroit Free Press)

Father and son used-car sellers get $5B richer in one day (The Detroit News)

JPMorgan slashes its forecast for US economic growth amid a lack of new stimulus (Business Insider)

NADA Statement in Response to Erroneous Report Regarding NADA Show (NADA)

Nikola founder Trevor Milton to voluntarily step down as executive chairman; stock plunges (CNBC)

Report: Auto Ad Spend Set To Accelerate In 2021 (Media Post)

South Florida Automotive Icon Rick Case Dies at 77 (Florida Insider)

-AEA Reminder-

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Have a great week,

Automotive Executives Association

Automotive Executives Association