Here is the most important news associated with the automotive industry identified by the SEA for the week June 11, 2018 – June 17, 2018.
We hope it helps you stay up to speed on the key developments in our industry:
-Automotive Manufacturing News-
Automakers Are Swimming Upstream against Cyberthreats (Car and Driver)
Cab, Forward: Ford Introduces Hybrid and Diesel Taxis (The Truth About Cars)
Electrifying Jaguar I-Pace Sets a Benchmark Even Tesla Will Have to Clear (The Detroit Bureau)
Feds label Fiat Chrysler, UAW as co-conspirators (The Detroit News)
Ford Explorer, Jeep Grand Cherokee get worst ratings in IIHS crash test (USA Today)
Germany’s Merkel talks retaliation if U.S. sets auto tariffs (autoblog)
GM Impacted Already by Rising Costs Due to Trump Tariffs (The Detroit Bureau)
GM Increasing Bolt Production, Per Sustainability Report (The Detroit Bureau)
Musk tells fans ‘full self-driving’ Teslas are near, as investigators dig into Autopilot accidents (USA Today)
New UAW President Gary Jones takes over at uncertain time (The Detroit News)
Official: First Look at All-New BMW 8-Series (The Detroit Bureau)
Tesla cutting 9% of workforce and Home Depot deal, CEO Elon Musk says (USA Today)
Volkswagen hit with $1.2 billion fine by German prosecutors (USA Today)
White House to accommodate automakers, California over mpg targets (Auto Magazine)
-Automotive Evolution News-
Auto Lobby Turns From Undercutting Fuel Economy Standards To Urging States To Buy More EVs (Forbes)
Byton Taking Second Byte at the Apple with New Concept (The Detroit Bureau)
Congress is trying to pass legislation to make self-driving cars safer. It doesn’t go far enough (CNBC)
Economic boom from self-driving cars will dwarf job dislocation, report says (Automotive News)
Ford and Postmates are trialing on-demand delivery (Business Insider)
Ford: Detroit train station key to autonomous vehicle plans (FOX Business)
GM distancing from Lyft as it readies Cruise AV launch (The Detroit News)
Toyota to invest $1 billion in ride-hailing startup Grab (Market Watch)
What Automotive Companies Are Showing At CES Asia: Electric, Hydrogen, And Autonomy, Of Course (Forbes)
When Cars Do the Driving, Who Will Feel the Joy? (The New York Times)
Why Self-Driving Car Companies Are Eyeing This Remote Driving Startup (Fortune)
-Automotive Retail News-
Edmunds: Used-Vehicle Prices Hit Record High in Q1 (Auto Dealer Monthly)
Fed Reserve Approves Second Rate Hike of 2018 (Auto Dealer Monthly)
Newest Rate Hike Will Not Hurt Auto Sales Badly But They Do Add Up (Forbes)
Solving the hiring puzzle at car dealerships (Auto Remarketing)
SpringboardAuto’s New Platform to Power Online Financing Experience for Banks (Auto Dealer Monthly)
Trump Tariffs Could Cut U.S. Auto Sales By Up To 10% (Forbes)
Trump Tariffs May Cost Carmakers 1 Million Auto Sales a Year (Bloomberg)
Used car prices hit a 13-year high as more late-model cars come off lease (USA Today)
Used Retail Prices Rise in First Quarter 2018 (Vehicle Remarketing)
-Automotive Wholesale News-
Lane watch: Summertime slowdown starts to appear (Auto Remarketing)
Manheim’s Bay-area retail recon center to serve mobility players, dealers & consignors (Auto Remarketing)
-Automotive Ownership News-
Hey, enjoy that cheap gas while you can (autoblog)
Is your car safe? Here’s how to find out (Detroit Free Press)
-Automotive Enthusiast News-
Collector Classics: Why it costs so much to restore or modify a classic (Driving)
-Automotive Servicing News-
Kia recalls more than 500,000 vehicles over concerns that air bags may not inflate (USA Today)
Mazda teams with CCC to enhance recall notification and repairs (Auto Remarketing)
-General Business & Executive News-
2018 U.S. Auto Insurance Study: Auto Insurance Customer Satisfaction Reaches Record High (J.D. Power)
Audi CEO named as suspect in German emissions probe (Reuters)
Car and Driver Partners With Contact At Once! (Auto Dealer )
Elon Musk buys $25 million in Tesla stock amid layoffs (Market Watch)
Dealer M&A Fueled by Healthy Economy, New Investors (Auto Dealer Monthly)
GM becomes first major auto company in history to have a female CEO and a female CFO (Business Insider)
Marchex Automotive Study Reveals the Cost of Saying “No” to Customers Over the Phone (BusinessWire)
Trade tensions drive Chinese auto investors from U.S. to Europe (Reuters)
U.S. consumer spending accelerating; labor market robust (Reuters)
-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