Morning Daily - 2020-02-27

ETAuto Newsletter | Thursday, February 27, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• Brose Group eyes entering electric-two wheeler market in 2-3 years
• Draft rules for battery waste management notified, public suggestions sought
• Is technology driving the future for fleet management?
Top Stories
• Global auto sales to dip 2.5% in 2020: Moody's
• Autonomous driving startup Pony.ai raises $462 million in Toyota-led funding
• Indian truck market will contract further: Daimler
• GDP growth in Q3 likely to stay flat at 4.5%: Economists
• Warburg Pincus to invest $150 mn in Apollo Tyres
• Brose eyes electrification business in India, may make motors and electronic parts locally
• Companies must disclose all whistleblower plaints to auditors
• BPCL to keep off buying extra crude despite low prices due to virus outbreak HBL
• Its going to be a hard year for volumes, says Vikram Kirloskar HT MINT
• BS VI fuel cess may be on cards The Hindu
• Is Transformation of The Auto Industry More Than Just Digitalization? Medium
• Tesla needs to fix its deadly Autopilot problem Vox
• Can Women Entrepreneurs Create 170 Mn Jobs By 2030? Forbes India
• Geneva Auto Show Will Open, Organizers Say, Despite Virus Spread To Switzerland Forbes
• Data activists ask Centre to stop public access to vehicle database Hindustantimes.com
• Farley says Ford faces sense of urgency similar to financial crisis Automotive News Europe
• Daimler India CV suffers no dent in profitability despite a slowdown in industry, plunge in sales @businessline
• Companies must move supply chains further from China Nikkei Asian Review
• The Car Industry's Big Merger Is Better Than Investors Think WSJ
• Integrating AI And HR - Where Do You Start? Forbes
Industry
• Govt plans to rank states on their efforts to promote MSMEs
• All pending MSME loans to be restructured by March 15: Nirmala Sitharaman
• Safety onus entirely on motorists, no rules to curb jaywalking in Mumbai
• Mergers of state-run banks on course: FM
• Vedanta interested in BPCL, keeping an eye on valuation
• The $5-trillion milestone: How to unlock economys value
• US auto sales to rise 6.4% in February: JD Power
• Steel firms hike prices, see dip in raw material from China
• Traffic jam: Vehicle numbers vroomed from 5 million to 303 million in 40 years
• Govt closely monitoring coronavirus impact on economy: FM Sitharman
• RBI's new GDP template: The 12 enablers of India's growth makeover
• China's Jan auto sales fell 18.7% yoy, worse than forecasted
• Copper drifts as investors worry about virus hitting demand
• Feasibility study must for trade pact with US: Study
• JSW Steel got a windfall gain at cost of creditors, ex-BPSL chief
• Indonesia expects delay to $11 bln nickel projects due to coronavirus outbreak
• U.S. trade panel rejects import duties on fabricated structural steel
• MNC royalties moderate under investor scrutiny
• U.S. agency slams brakes on self-driving EasyMile shuttles after passenger injury
• Coronavirus impact: Economic contagion spreads beyond China to other Asian countries
Passenger Vehicle
• Toyota says Japan plants may be affected by virus-related supply issues
• Profits surge at Peugeot maker PSA ahead of Fiat merger
• Teslas followers are trying to piggyback off Elon Musks sales wins
• Ford's incoming COO focuses on cost cuts, launches, change
• FCA flags Coronavirus as new risk to global business
• French carmaker PSA defies sales slowdown with record profits
• Hyundai launches Grand i10 Nios turbo, priced at Rs 7.68 lakh
• Toyota Kirloskar Motor launches Vellfire luxury MPV, priced at 79.5 lakh
• Jaguar Land Rover opens bookings for new Defender in India, to be priced from Rs 69.99 lakh
• Fiat Chrysler CEO Manley received 13.3 million euros in 2019 compensation
• Berlin documentary explores value of work in Germany's struggling car industry
• Cash-starved Cuban state sells used cars for dollars for first time
Commercial Vehicle
• Daimler studying opportunities in defence and off highway biz
Two Wheelers
• Honda 2Wheelers sells over 3 lakh BS-VI models in India
Aftermarket
• Shriram Automall conducts physical biddings for vehicles and equipment in 90 cities
• MG Motor India opens new showroom in Guwahati
• Ola appoints Gautam Bambawale as Senior Advisor for Corporate and International Affairs
• Mybyk aiming to ride towards a sustainable future
• RTO action against 2 dealers for selling bikes without registration
Auto Components
• Hyundai to decide hydrogen fuel-cell system factory location this year: Exec
• Tesla, Panasonic end solar cell partnership
• Fitch revises JSW Steel's outlook to negative from stable
• Brose expands India operation; invests 3.2 million euro in Pune plant
• Jaguar supplier paddling like hell to support slow-selling EVs
Auto Finance
• Shriram Transport Finance raises Rs 500 crore via bonds
Oil & Lubes
• Oil falls for fifth day as coronavirus spreads outside of China
• BPCL looking at buying rare grades of crude oil at cheaper rates
• Police warn petrol pump dealers against selling petrol in loose
• Indonesia's Pertamina seeks palm oil supply guarantees for biofuel
• Oil rises on short-covering despite growing fears over coronavirus
 
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