Top Automotive Industry News for Week of September 7 - September 13, 2020

Here is the most important news associated with the automotive industry identified by the AEA for the week of September 7, 2020 - September 13, 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-

Big Auto Makers Must Fine Tune “Connectivity” Or Concede Big Profits To Tech Upstarts (Forbes)

GM partner Nikola lawyers up after 'hit job' short-seller report (The Detroit Bureau)

GM takes ownership stake in Nikola, agrees to make Nikola Badger electric pickups (USA Today)

GM To Use First Wireless Battery Management System In Ultium Battery Packs (Forbes)

Lucid Motors CEO says there’s no conflict in partnership with Amazon to put Alexa in its electric vehicles (CNBC)

Lucid Motors reveals Lucid Air luxury electric car with 517-mile range aimed at Tesla (USA Today)

McLaren considers sale of global headquarters to raise cash (The Detroit News)

Nikola shares plunge more than 14% amid dispute over short seller’s fraud allegations (CNBC)

Nissan Sells $8 Billion of Dollar Debt in Landmark Debt Deal (Bloomberg)

VW’s Traton boosts bid for rest of Navistar to $3.6 billion (The Detroit News)

-Automotive Evolution News-

Automation, Disruption, and Tough Love for the Auto Industry (Auto Dealer Today)

China’s driverless car upstarts see robotaxis scaling up in 3 years as tech firms race to get ahead (CNBC)

Electrify America Moving into Home Charging Market (The Detroit Bureau)

To Compete With Uber And Lyft, Taxis Make The Switch To Upfront Pricing (Forbes)

Uber drivers to get a discount on the 2020 Chevy Bolt, at-home charging equipment included (USA Today)

-Automotive Retail News-

As hurricane season arrives, CARFAX provides a flood of information (Auto Remarketing)

Comparing 2021 Inventory Levels Across Auto Brands (DrivingSales)

Did COVID-19 just help dealers deliver a knockout punch to disruptors? (Auto Remarketing)

Elway Dealership Group, partner, purchase Porsche Salt Lake City (Auto Remarketing)

Myers Auto Group acquires Mastro Subaru of Tampa and Mastro Subaru of Orlando (Auto Remarketing)

Sonic adds 2nd EchoPark store in Houston (Auto Remarketing)

Used car sales are booming, and that's pushing up inflation (CNN)

Used Cars Are Having a Moment, Creating Opportunity for Sellers (Car & Driver)

Used cars make their biggest price jump in a half-century (autoblog)

U.S. Auto Dealer Sentiment Reaches Record High; Inventory Becomes Top Concern (PR Newswire)

Walser Auto Group a Pioneer of Digital Retailing (Wards Auto)

-Automotive Wholesale News-

Wholesale vehicle prices continue record streak (Auto Remarketing)

-Automotive Servicing News-

Auto repair ballot question draws $35M to campaigns (BizJournals)

More Recalls for Hyundai and Kia Vehicles Due to Fire Risk (Consumer Reports)

-General Business & Executive News-

KAR to buy BacklotCars for $425 million (Auto Remarketing)

Online auto retailer LMP Automotive increases IPO deal size to $18 million (Nasdaq)

TrueCar Partners with Military AutoSource to Power Car Buying Service Operations for Military Based in the U.S. (Newswire)

Trump makes wild claims about revitalizing auto industry at Michigan rally (Detroit Free Press)

Used Car Week goes digital: How that will look (Auto Remarketing)

-AEA Reminder-

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Have a great week,

Automotive Executives Association

Automotive Executives Association