Top Automotive Industry News for Week of September 3 - September 9, 2018

Here is the most important news associated with the automotive industry identified by the AEA for the week September 3, 2018 - September 9, 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-

Audi kills its manual-transmission cars: How America lost its love for the stick shift (USA Today)

Ferrari to build a future as good as its past with new CEO: Chairman (Reuters)

Fiat Chrysler new CEO will announce plans for organization by end month (Reuters)

Ford cancels plan to import Focus crossover from China, blames trade war (Detroit Free Press)

Ford CEO James Hackett, Under Fire From Wall Street, Shows Forbes The Early Fruits Of His Turnaround Plan (Forbes)

Ford Ends Advertising for Sedans Ahead of Lineup Cuts (News Wheel)

Ford job cuts looming? Automaker plans 'major redesign in our business' (USA Today)

Made in China: Buick, Cadillac and Volvo pull US imports of some cars over Trump trade tariffs (CNBC)

Passenger Cars Fall To Lowest U.S. Market Share Ever (Forbes)

Tariffs on imported cars, parts could harm U.S. economy and auto industry, experts warn (USA Today)

Tesla stock closes down 6% after top executives resign and Elon Musk smokes weed on video (CNBC)

VW faces about $10.7 billion investor suit over dieselgate scandal (autoblog)

-Automotive Evolution News-

EV Sales Expected to Jump to 30% Overall by 2030, Supplier Claims (The Detroit Bureau)

Fiat Chrysler invests $30M into self-drive test facility at Chelsea Proving Grounds (The Detroit News)

Japan recruits Subaru, Uber and Boeing to get flying cars off the ground (Automotive News)

Nissan, EVgo Complete 500-Mile Charging Network (The Detroit Bureau)

Pay-with-your-face systems and self-driving cars: Inside Baidu's headquarters in Beijing (CNBC)

Self-Driving Cars Will Keep Getting Better Forever (Forbes)

Waymo Shifts To 'Industrializing' Self-Driving Tech As Robotaxi Launch Nears (Forbes)

-Automotive Retail News-

Calif. Dealers Score Partial Victory With Passage of Dealer Protection Bill (Auto Dealer Monthly)

Edmunds: Zero Percent Finance Deals Evaporate in August (Auto Dealer Monthly)

Honda, Toyota, Nissan car sales plunge, but SUVs rise: U.S. auto sales likely up in August

(USA Today)

August Auto Sales Turn in Better-Than-Expected Results (The Detroit Bureau)

August car sales may set stage for a rough second half of the year (MarketWatch)

-Automotive Wholesale News-

Black Book index posts largest single-month increase in 7 years (Auto Remarketing)

CarMax’s wholesale auction arm extends its reach; mulls online sales (Auto Remarketing)

Used Vehicle Supply Hurting Residual Values (Vehicle Remarketing)

-Automotive Ownership News-

Running The Numbers: Auto Ownership Is Still Way Cheaper Than Ride Hailing (Forbes)

-Automotive Servicing News-

Ford recalls 2 million F-150 pickup trucks to fix seat belt defect causing fires (USA Today)

Toyota plans to recall 1 million hybrid models over wiring issue (Reuters)

-General Business & Executive News-

Auto lending has stabilized, but will it stick? (American Banker)

J.D. Power Targets Consumers with New Auto Website (The Detroit Bureau)

Jumpstart Automotive Media Announces Advertising Partnership With iSeeCars (Globe Newswire)

Uber's CEO on his first year: 'I had no frickin' clue what I was getting into' (PitchBook)

U.S. second-quarter GDP growth raised to 4.2 percent (Reuters)

With no NAFTA deal in sight, Wall Street, automakers — and car buyers — are left to spin their wheels (NBC)

-AEA Reminder-

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Have a great week,

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