Morning Daily - 2019-05-08

ETAuto Newsletter | Wednesday, May 8, 2019
ETAuto.com
Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | Auto Components | Tyres
Top Stories
• Why Maruti Thinks Diesel Car Will Not Impact Sales
• Schaeffler India sees upto 3% revenue loss due to cut in diesel car production
• Auto slowdown may hit banks retail growth
• Centre to invite bids for 40GW battery plants
• Vehicle registration has not stopped, MoRTH clarifies
• Royal Enfield recalls around 7,000 units of Bullet, Bullet Electra
• Porsche fined 535 mn euros over diesel cheating
• Mahindra & Mahindra may discontinue 1.2 litre diesel engine: Report
• States to spend Rs 1.43 lakh crore on roads by FY20: ICRA
• NHAI projects in Naxal areas: Challenges are endless for contractors Business-standard.com
• Germany is opening its first electric highway for trucks CNN
• Uber Drivers to Strike Before I.P.O. Nytimes.com
• Indonesia's motorbikes catch second wind as car sales lag Nikkei Asian Review
• Ford misstated mileage on 2019 Ranger, other vehicles, lawsuit says Automotive News
• Jeep lands seasoned leader amid global expansion Automotive News
• Tesla Spends Zero On Ads. Here's Where BMW, Toyota, Ford, and Porsche Spend Digital Ad Dollars Forbes
• Are Remote Jobs The Future Of Work? Forbes
• Clearing Up Common Misconceptions About Recruiters -- And How They Can Help Your Job Search Forbes
• After Jets fall, a Bahubali flexes his muscle: how SpiceJets Ajay Singh is using DGCA to battle IndiGo ET Prime
Industry
• View: Musk's roundabout finance runs on short sellers
• Pune: Vehicle registration in reverse gear during this Akshay Tritiya
• BMW CEO rules out taking Daimler stake as part of deeper alliance
• ABB India Q1 PAT rises by 13% at Rs 116 crore
• EU cuts economic forecasts over trade uncertainty
• GM's Cruise gets $1.15 bn new cash from T. Rowe Price, SoftBank
• Brazil auto production grows 11.1 pct in April
• Essar Steel shareholder seeks ArcelorMittal's disqualification over ties with loan defaulting firms
• Tata Motors gives service to support its customers in Odisha
• Tokyo's Nikkei closes down after 10-day break
• I will be a buyer in two-wheelers and auto ancillaries: Gurmeet Chadha, Complete Circle Consultants
• Japan April manufacturing PMI returns to expansion but export orders, output still falling
• Indias consumption story losing the plot
• If Morgan Stanley gets it right, Goldman can make 12,000% return on Uber investment
Passenger Vehicle
• Land Rover begins locally manufactured Velar sales
• Western European car sales fell 1% in April: LMC
• Ferrari driven by surge in sales in China
• Audi A4 completes 25 years of production
Commercial Vehicle
• Escorts Q4 net profit up 7.8% at Rs 121.35 crore
Aftermarket
• Zoomcar to offer discounts on rental cars
Auto Components
• Essar Steel shareholder seeks ArcelorMittal's disqualification over ties with loan defaulting firms
• BorgWarner forms JV with Romeo Power Technology for EV battery packs
Tyres
• Ceat Q4 PAT dips 16% at Rs 64 crore
Auto Technology
• BMW profit hit by anti-trust case, spending on technology
• Germany's Infineon quarterly sales flat, maintains full-year revenue guidance
Automotive
• TAFE signs MoU with PCRA to aid efficient energy utilization in agriculture
Oil & Lubes
• Oil price tumbles toward $60/Barrel
• Global oil prices firm amid US sanctions on crude exporters Iran, Venezuela
• India's oil imports from Iran down 57% y/y in April: Trade
• Oil mixed as U.S.-China trade war drags on prices, while sanctions keep markets tense
 
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