Here is the most important news associated with the automotive industry identified by the AEA for the week April 23, 2018 – April 29, 2018.
We hope it helps you stay up to speed on the key developments in our industry:
-Automotive Manufacturing News-
6 Reasons Ford CEO Jim Hackett Decided To Deep-Six Its Sedans (Forbes)
Abandon Car! Ford Dropping All Passenger-Car Models Except Mustang (Car and Driver)
BMW’s iX3 Reveals a More Normal-Looking Approach to All-Electric Driving (The Detroit Bureau)
Bosch Says It has Secret to Cleaning Diesel Emissions (The Detroit Bureau)
Carmakers face higher mpg fines (The Detroit News)
Elon Musk has a lot going on, and it may be coming at the expense of Tesla (CNBC)
FCA Enjoys Record Q1 Results as Plans Fall into Place (The Detroit Bureau)
Ford begins forging major new campus in Detroit’s Corktown neighborhood (Automotive News)
Ford changed leaders, looking for a lift. It’s still looking. (CNBC)
Ford is basically giving up on US car business, and GM is not far behind (CNBC)
Ford to kill Fusion, Taurus and Fiesta cars to make way for more SUVs (USA Today)
Ford’s ‘Smart Mobility’ Is Still A Long Way From Profitable (Forbes)
General Motors lacks vision for what Cadillac should become (Detroit Free Press)
General Motors reports net profit of $1.1B in first quarter (Detroit Free Press)
General Motors tops estimates on strong sales of crossovers (CNBC)
GM won’t follow Ford, FCA on sedan cuts — yet (The Detroit News)
GM, Korean union reach tentative deal on wages, workers (The Detroit News)
Honda Profits Soar 72% in 2018; Maker Predicts 2019 Drop (The Detroit Bureau)
Jeep powers Fiat Chrysler quarterly profit jump of 60% to $1.2 billion (Detroit Free Press)
Lotus Planning Multiple SUVs, Because Why Stop at Just One? (Car and Driver)
Mustang is a hit with Chinese buyers, Ford says (USA Today)
NAFTA officials put top-level talks on hold until May 7 to consult with industry (Automotive News)
New CEO declares Volkswagen on right path despite profit hit (Reuters)
New York Auto Show: How Nissan Altima, Toyota Camry, Honda Accord will survive the car plague (USA Today)
Production Hiccup Undermines Tesla Prospects, But Will It Survive And Thrive? (Forbes)
Short-seller Jim Chanos says Elon Musk is ‘misleading’ Tesla shareholders (MarketWatch)
Taurus saved Ford and now it’s being killed — again (USA Today)
Tesla shareholder urges board to name an independent chairman — that is, not Elon Musk (LA Times)
The auto plants of the future may have a surprisingly human touch (Reuters)
Toyota to add 400 jobs in Mississippi for next-gen Corolla (autoblog)
U.S. likely to back freezing fuel economy standards from 2020-26: sources (Reuters)
Volkswagen’s Penance Will Expand Nation’s Fast-Charging Network (Forbes)
Volvo Aims for Half of its Sales to Be Pure EV by 2025 (The Detroit Bureau)
-Automotive Evolution News-
Tesla’s head of Autopilot leaves; ex-Apple exec to succeed him (CNBC)
Waymo Applies for Calif. Driverless Vehicle Testing (Auto Dealer Monthly)
We’re Five Years From Safe, Driverless Cars For All, Says Carlos ‘Superman’ Ghosn (Forbes)
Who pays for autonomous driving fatalities? (Digital Trends)
-Automotive Retail News-
3.5 million used-car sales likely for April (Auto Remarketing)
5 features of DriveTime’s new wholesale buying tool (Auto Remarketing)
April Auto Sales Forecast, Back To Slow Speed Ahead (Forbes)
CarGurus Announces 2018 Best Used Car Award Winners (PR Newswire)
Losing money on used cars? Yes and no (Automotive News)
New Vehicle Sales to See Big Drop in April: Edmunds (Vehicle Remarketing)
Senate kills effort to prevent racial discrimination in the auto loan market (CNBC)
Sonic establishes 6 new records during Q1 (Auto Remarketing)
US April auto sales seen down nearly 8%: JD Power and LMC (CNBC)
Why A Loan Might Look Better, As GM Financial Takes Its Foot Off The Gas On Leasing (Forbes)
-Automotive Wholesale News-
Late-model auction volume up from February, still trails 2017 (Auto Remarketing)
Rising Fuel Prices May Be Boosting Small Cars at Auctions (Vehicle Remarketing)
SUVs Drive Auction Volume in April: J.D. Power (Vehicle Remarketing)
-Automotive Ownership News-
Gas Prices Rising Due to Increase in Demand (The Detroit Bureau)
Pedestrians and cyclists make up nearly 70% of hit-and-run car crash fatalities (MarketWatch)
Texting and driving a minor ding with insurers (The Detroit News)
-Automotive Enthusiast News-
Here Are Jay Leno’s Picks for the Next Generation of Collector Cars (AutoGuide.com)
-Automotive Servicing News-
Audi recalls 1.2 million vehicles; coolant pumps can overheat (USA Today)
CarMD: Check Engine Repair Costs Fell 10% in 2017 (Auto Dealer Monthly)
Feds Investigate Whether Ford Should Recall A Million Sedans Over Brake Failures (Forbes)
Hyundai Recalls 580,058 Sonatas for Airbags That Can Fail to Inflate (Car and Driver)
-General Business & Executive News-
Amazon starts delivering to your car trunk, wherever it’s parked (USA Today)
AutoNation CEO Inducted Into Automotive Hall of Fame (DrivingSales)
Autotrader Puts Car Shoppers Behind the Wheel of Supercharged Site in New Marketing Campaign (PR Newswire)
Carfax Database Hits 20 Billion Records (PR Newswire)
CDK’s net jumps 24 percent on strong DMS growth (Automotive News)
GM partners with Amazon for in-car delivery (The Detroit News)
ProMax Sold to Private Equity Firm (Auto Dealer Monthly)
T-Mobile, Sprint agree to merge as America’s national wireless carriers shrink from 4 to 3 (USA Today)
U.S. consumer confidence, housing data highlight economy’s strength (Reuters)
Wells Fargo hit with $1 billion fine for charging customers for auto insurance they didn’t need (NY Daily News)
-AEA Reminder-
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