Morning Daily - 2020-03-04

ETAuto Newsletter | Wednesday, March 4, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• Tata Motors cuts production by 34.42% in February20
• ETAutoExplains: Impact of Coronavirus and BS-IV inventory
• The worst is over, but best is yet to come: Guenter Butschek
Top Stories
• Auto cos yet to find sweet spot on BS-VI vehicle pricing
• Stricter MV Act led to dip in road deaths in 8 states: Government
• Parliamentary panel suggests lower GST rate for auto sector
• Mercedes-Benz to launch 10 luxury cars in India in 2020
• BS-IV stock clearance offers fail to attract buyers, vehicle sales dip
• Supply could be disrupted: Mercedes-Benz India
• Frankfurt motor show to move to Munich
• Mercedes-Benz launches new GLC Coupe, priced from Rs 62.70 lakh
• China's Geely invests $326 mln to build satellites for autonomous cars
• Automobili Pininfarina unveils Battista Anniversario electric hypercar
• Volkswagen ditches natural gas to focus on e-cars
• What the Toyota deal could drive home for Maruti: new tech, African markets, some transition pain ET Prime
• Former GAIL chairman BC Tripathi joins Essar Group HBL
• Bridgestone India partners with NSDC, RSDC to reskill tyre fitters HBL
• Personal data protection Bill: Compliance costs to rise for India Inc HBL
• Govt plans to airlift auto parts from China to ease shortage HT MINT
• India Inc scrambles to ensure employee safety while keeping operations going Livemint
• Bentley's Bacalar doubles down on bespoke supercars Livemint
• European Auto Industry Faces Uncertain Threat From Coronavirus Forbes
• Hydrogen Truckmaker Nikola Listing On Nasdaq Via Surprise Merger With VectoIQ Worth $3.3 Billion Forbes
• China's BYD collects $190m in subsidies for electric cars Nikkei Asian Review
• Toyota scraps vice president post as part of successor search Nikkei Asian Review
• Where Are All The Women Leaders? Forbes
• Employee Appreciation Day: Appreciate People For Who They Are, Not Just What They Do Forbes
Monthly Sales Report Card
• Toyota Kirloskar Motor domestic sales dip 11.9% to 10,352 units in February
Policy
• Aadhaar to be proof of address, age for DL
Industry
• Lithium miner SQM warns of further slide in prices in 2020, impact of coronavirus
• Former UAW official pleads guilty to embezzling workers' dues, evading taxes
• Lenders give nod to sale of IL&FS three road projects
• FDI inflows down 1.44% to $10.7 billion in Oct-Dec
• ArcelorMittal Nippon Steel buys Bhander power plant
• RBI assures steps keep financial markets in order, tells banks to prepare action plan against risks
• US Fed cuts interest rates by 50 bps in emergency move amid spreading virus
• RBIs Das sees NBFC crisis abating as liquidity improves
• Sensex snaps 7-day losing run, jumps 480 pts after RBI steps in to calm markets
• Sign of German manufacturing steadying may be false dawn
• US manufacturing sector slows in February; orders contract
• Robust GST revenues show growth potential
• China metals producers seek government help as demand slumps
• Kazhakoottam-Mukkola: NHAI to begin toll collection in April
• Copper rebounds on stimulus hopes after dire factory data
• View: Growth, and not inflation is India's real problem
Passenger Vehicle
• Ford limiting company travel; two employees in China have coronavirus
• GM to tout its electric vehicles to investors swooning over Tesla
• Audi unveils new A3 Sportback
• Hyundai unveils Prophecy concept EV
• Porsche unveils new generation 911 Turbo S
• Peugeot maker says UK factory plans dependent on Brexit talks
• Why automakers are on a drive to sell electric cars in Europe?
• FCA launches Jeep Wrangler Rubicon in India, priced at Rs 68.94 lakh
• Renault's Alpine goes further upmarket as it looks beyond France
• Daimler CEO says is working on plan to recover lost China sales
• BMW Concept i4 breaks cover, production to start in 2021
• Toyota names new finance chief in executive shake-up
• Audi partners with Capgemini for cloud services
• Honda to cut production at Japanese plants on sourcing concerns
• BMW to livestream debut of new model after Geneva show called off
• Nissan case over Ghosn's Beirut home to end this month
• Tesla barely registers in the worlds third-largest auto market
Commercial Vehicle
• Eicher unveils BS-VI range with EUTECH 6 solution
Aftermarket
• Maruti Suzuki launches diploma course in mechanical engineering
• Travel app ixigo invests in gogoBus
• App-based cabs preferred choice for commuters as personal vehicles take back seat: CUTS
• InnoVen adds $6.5 m to Bounce
• Uber's Vidhya Duthaluru to lead a global engg team
• At 7 minutes, wait for an Uber cab is longest in Bengaluru
• Havn launches all-electric premium chauffeur service in London
Auto Components
• Former Continental executive extradited, sentenced in U.S. for bid-rigging
• China's Western Mining has force majeure application accepted
Oil & Lubes
• Oil extends gains as hopes of stimulus, OPEC cuts offset virus
 
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