Top Automotive Industry News for Week of September 26 - October 2, 2016

Here is the most important news associated with the automotive industry identified by the AEA for the week September 26, 2016 - October 2, 2016.

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

-AEA Membership News-

The next AEA Reception will be held in Las Vegas on Tuesday, October 25th, 2016 from 6pm – 9pm. All current AEA Members have been emailed their invitation, so please make sure you RSVP via the email link if you plan to attend. Contact memberservices@automotiveexecutives.com with any questions.

-Automotive Manufacturing News-

Bill Ford Readies For 'That Whole Frenemy Thing' With Silicon Valley (Forbes)

BMW says it plans to offer electric X3 SUV and Mini models leftright 4/4leftright (Reuters)

Buick launches Avenir sub-brand (Detroit Free Press)

Car industry shows off cooperation as way to rival technology firms (Reuters)

Could Renault-Nissan Top Toyota in Global Sales (The Detroit Bureau)

Dramatic Auto Industry Change Opens Opportunities for Renault-Nissan-Daimler Alliance, CEOs Agree (The Detroit Bureau)

Electric cars will point the way in Paris (The Detroit News)

Ferrari's new $2.2 million super car is already sold out (CNBC)

Final bidders say Takata should file for bankruptcy protection, report says (Automotive News)

Ford boosts horsepower in tough new F-150 Raptor (USA Today)

Fuel Economy Numbers Expected to Take a Hit in 2017 (The Detroit Bureau)

Future auto regulations are 'flawed,' industry group says (Detroit Free Press)

GM Says No Sharp Downturn In Sight, But Ready Just In Case (Forbes)

GM’s Cruise Automation team grows to 100 employees (The Detroit News)

It just got easier to find out who caused that car accident (CNBC)

Luxury automakers to Tesla: We're coming for you (CNBC)

Mercedes just teased its Tesla competitor (CNBC)

Self-driving cars will stay in the slow lane, drivers say (USA Today)

Tesla exec: Michigan ban on direct sales may cost it a future car plant (Detroit Free Press)

Tesla Sees Best-Ever Deliveries Amid Rocky Third Quarter (Forbes)

This Week’s OEM Headlines (CBT News)

Toyota drops diesel from new model, signals likely phase-out (Reuters)

Toyota says its autonomous cars need 8.8 billion miles of testing before they're a thing (autoblog)

U.S. Government Fast-Tracks Autonomous Cars, Triggering 9 New Questions (Forbes)

Volkswagen CEO on investigation: Hopefully concluded by Christmas (CNBC)

Volkswagen Kicks Off Paris Auto Show With I.D. Electric Car (Forbes)

Volvo plans to offer fully self-driving car to luxury buyers (Automotive News)

VW brand boss Diess sees several tough years of restructuring ahead (Automotive News)

World's Largest Automakers 2016: Toyota Pulls Ahead Of Volkswagen -- By A Hair (Forbes)

-Automotive Retail News-

Auto Finance to Get More Competitive, Equifax Reports (Auto Dealer Monthly)

CarMax to offer loan pre-qualifying online for all stores (Automotive News)

CarMax sees 7% Q2 hike in used-unit sales (Auto Remarketing)

Carvana moves into Midwest with Ohio launch (Auto Remarketing)

Consumer spending flat in August as auto purchases drop (The Detroit News)

Dealership Wages Outpacing Private Sector, NADA Study Shows (Auto Dealer Monthly)

FTC files lawsuit against big L.A. auto group over deceptive 'yo-yo' tactics (LA Times)

How Nissan & Infiniti drive CPO (Auto Remarketing)

Jon Acuff sits down with Jim Fitzpatrick of CBT News (CBT News)

Lyft will be first to get breakthrough Chevrolet Bolt EV (USA Today)

New Cars Are Being Discounted at the Highest Levels Ever (Time)

September auto sales expected to decline slightly (The Detroit News)

Tesla's Musk tells employees to stop discounts on new cars (CNBC)

TrueCar Finds September Auto Sales Expected to Dip Slightly but Remain on Pace for Record Year (Yahoo)

U.S. auto sales expected to fall in Sept. for second straight month (Automotive News)

What millennials want the most (CBT News)

-Automotive Wholesale News-

August truck prices rise ‘significantly’ (Auto Remarketing)

Black Book: Car Depreciation Shows Signs of Slowing (Vehicle Remarketing)

Kontos: Average Wholesale Price in August Up 4.6% YOY (Vehicle Remarketing)

Manheim Offering Enhanced Vehicle Imaging at 74 Auctions (Vehicle Remarketing)

RVI sees used prices softening 7.2% by 2019 (Auto Remarketing)

-Automotive Ownership News-

KBB study finds American drivers still prefer a hands-on approach (KBB)

Safety Second: Stats Paint Scary Picture of Recall Reality

Survey: Majority of Millennials 'Shocked' by Vehicle Maintenance Costs (Ratchet and Wrench)

-Automotive Enthusiast News-

Amazing cars at the Paris Auto Show (USA Today)

First operator’s license for driverless car issued (The Detroit News)

-Automotive Servicing News-

Ford recalls Focus hatchbacks for latch release problem (Detroit Free Press)

Identifying Shops' Needs (Ratchet and Wrench)

No recall sought as U.S. closes probe of Jeep automatic braking (Detroit Free Press)

-General Business & Executive News-

Cadillac Offers To Buy Out 400 Of Its Smallest U.S. Dealerships (DrivingSales)

Dealer Donates $7 Million To Local Hospital (DrivingSales)

Delinquency rates rise on the riskiest auto loans (USA Today)

Ford Spent the Presidential Debate Correcting Trump on Twitter (Fortune)

Online Used-Car Marketer Beepi Angles For An IPO Down The Road (Forbes)

Thoma Bravo Completes Acquisition of TRADER (PR Newswire)

U.S. Consumer Spending Staggers (U.S. News & World Report)

U.S. dealerships' employee retention slides, study finds (Automotive News)

The Auto Industry's Real Challenge (Forbes)

Volkswagen will pay more than $1 billion to settle US dealer claims (CNBC)

-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