Top Automotive Industry News for Week of September 28 - October 4, 2020

Here is the most important news associated with the automotive industry identified by the AEA for the week of September 28, 2020 - October 4, 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-

5 things CEO Jim Farley told Ford employees on his first day (Detroit Free Press)

Ex-UAW president Dennis Williams: 'I deliberately looked away' when it came to corruption (USA Today)

Fiat Chrysler to pay $9.5M fine in diesel emissions cheating scandal (The Detroit News)

Fiat Chrysler’s and GM’s 3Q auto sales fall from last year, but demand improves from depths of coronavirus lockdowns (CNBC)

Ford sales down 4.9% in third quarter, beating industry decline of 10% (The Detroit News)

Ford’s Q3 vehicle sales outperform industry as demand recovers from coronavirus lockdowns (CNBC)

GM extends talks on $2 billion deal with Nikola after fraud, sexual assault allegations surface against Trevor Milton (CNBC)

Nikola Says Fraud Allegations Won’t Slow Its Roll Out Of Battery, Hydrogen Trucks (Forbes)

Tesla Autopilot gets ‘moderate’ grade from European vehicle safety authority while Audi, BMW and Mercedes get top marks (CNBC)

Tesla Hits Quarterly Delivery Record but Wall Street is Not Impressed (The Detroit Bureau)

VW Group Expected to Sell Lamborghini, as well as Bugatti and Ducati (The Detroit Bureau)

U.S. Automakers Dig Out of a Pandemic Hole as Prices Soar (Bloomberg)

Where Elon Musk and Tesla earn real credit ‘eating the lunch’ of auto competitors (CNBC)

-Automotive Evolution News-

2020 Beijing Auto Show's 14 Most Interesting Cars and Concepts (Car and Driver)

-Automotive Retail News-

25 Best-Selling Cars, Trucks, and SUVs of 2020 (So Far) (Car and Driver)

Ally Increases Carvana Loan Purchase Commitment by $1 Billion, Increases Floor Plan Commitment to $1.25 Billion (BusinessWire)

Audi teams with TrueCar on military pricing program (Auto Remarketing)

COVID-19 Market Insights (Auto Dealer Today)

Cox Automotive Commentary: Q3 U.S. Auto Sales Results (Cox Automotive)

How to Keep Remote Customers Engaged (Auto Dealer Today)

Latest Carvana vending machine comes to Motor City (Auto Remarketing)

Lithia Motors Reports Preliminary Third Quarter 2020 Results (BusinessWire)

Stay-at-Home Economy Creates Surge in Demand for Vehicle Delivery Services From Local Dealerships (Cars.com)

Third-Quarter New-Vehicle Sales Are Encouraging, Hint at Recovery (Car and Driver)

Tight inventories set the stage for U.S. auto industry rebound (Reuters)

U.S. auto industry rebounds in first full quarter of post-lockdown sales (autoblog)

U.S. auto sales stay on recovery path despite tight inventory (Reuters)

U.S. New Car Sales Show Signs of Life in September (The Detroit Bureau)

Week #28 Special Edition: Economic Impact on Auto Sales with Jonathan Smoke (Cox Automotive)

ZT Motors to Quadruple Rooftop Footprint in Southeast by 2023 (PR Newswire)

-Automotive Wholesale News-

August 2020 Kontos Kommentary: Current Used Vehicle Market Conditions (KAR Global)

-Automotive Ownership News-

Auto insurance carriers have offered $10 billion in rebates during the pandemic, but customers still aren't happy — and they're looking to switch (Business Insider)

US traffic deaths fell 2% in 2019; 3rd straight yearly drop (The Detroit News)

-Automotive Servicing News-

Car recalls for September 24-Oct. 1 (USA Today)

Ford recalls over 700K vehicles, including 2020 F-150s (The Detroit News)

Honda confirms 17th U.S. death in Takata air bag rupture (Reuters)

-General Business & Executive News-

Cazoo, the UK used car sales platform, raises another $311M, now valued at over $2.5B (TechCrunch)

Covid Causing Shift From Public Transport To Cars (Forbes)

Honda to quit Formula 1 after 2021 season ends (autoblog)

New Drive Pink milestone for AutoNation (Auto Remarketing)

The 2020 Election and Auto: Cars.com Compares Each Presidential Candidate's Automotive Policies (PR Newswire)

US Automotive Digital Ad Spending Will Fall by Nearly a Fifth (eMarketer)

U.S. economy plunges 31.4% in the second quarter but a big rebound is expected (CNBC)

-AEA Reminder-

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Have a great week,

Automotive Executives Association

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Automotive Executives Association

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