Morning Daily - 2020-03-11

ETAuto Newsletter | Wednesday, March 11, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Huge discounts on cards for BS-IV bikes
• Auto industrys virus fears shifting from supply to demand
• Covid-19 fear: Hyundai installs thermal sensors in its plant
• Tata Steel Europe to cut 1,250 jobs in turnaround push
• US trade policies: Current and future issues, challenges and solutions - Audio interview
• New York Auto Show postponed to August because of coronavirus
• Nissan to pull out of venture fund with Renault in cost-cutting drive
• Tesla loses a manufacturing director who helped the company tackle seat and Model 3 production, sources say CNBC
• Italian auto industry braces for effects of nationwide lockdown Automotive News Europe
• Toyota pumps brakes on Lexus production as China sales drop Nikkei Asian Review
• Tesla China installs subpar components as supply chain takes a hit ET Prime
• The Suzuki Jimny: a tiny SUV with a big cult following Nikkei Asian Review
• UBS Is Bullish On Volkswagen EVs CleanTechnica
• Toyota agrees to average annual wage increase of 8,600 yen/month Nasdaq.com
• Assam government to exercise partial right of first refusal over BPCL stake-sale in Numaligarh Refinery HBL
• Toyota, TomTom Team On Advanced Mapping For Automated Driving Mediapost.com
• This Is Why Employers Are Still Denying Your Remote Working Requests Forbes
• Council Post: Six Tips For Hiring The Right Talent At The Right Time For Your Startup Forbes
Policy
• Government vehicles in Bareilly to be equipped with dash camera
Industry
• Rupee already above 74/$, likely to see further volatility
• Tesla scouting central U.S. for new factory, Musk says
• CarTrade plans NBFC foray, may buy small cos to beef up operations
• Tamilnadu: Sluggish growth in auto industry hits transport depts revenue collection
• As markets crash, India Inc says volatility short-lived as economy rests on strong fundamentals
• Base metals rise on hopes of improvement in demand
• London copper near 3-year low on virus fears, oil price crash
• Soon, overbridge for bikes & three-wheelers at Plavila
• DIMTS to help design vehicles for Delhi's walled city
• For compensation, transport dept to identify torched vehicles
Passenger Vehicle
• Cadillac cancels debut of electric model in a blow for GMs Mary Barra
• U.S. jury awards $100,000 in punitive damages to drivers of four Volkswagen vehicles
• Peugeot's Vauxhall UK car factory cut to four-day week
• China urges Tesla to keep products consistent as buyers complain about computers
• Tesla delivers almost one-third of all electric cars in China
Commercial Vehicle
• 39 electric autos now run in Bengaluru; want to make it 1 lakh by 2024: TWU
Aftermarket
• Uber's challenge to balance driver safety with customer privacy
Auto Components
• U.S. clears Infineon's $10 billion takeover of Cypress
• Brembo says more virus restrictions in Italy could hit global auto industry
• Novelis wins antitrust approval to buy Aleris with conditions
• Tesla plans to expand car parts production capacity in Shanghai: Govt document
Auto Technology
• Asia's love of stinky durian could help power electric vehicles
Oil & Lubes
• Oil rises for 2nd day amid hopes for output cut by U.S. producers
• Saudis escalate price war with huge output hike, Russia follows
• Biofuels can greatly reduce carbon emissions: Study
• Crude outlook: Oil prices may hit 20-year low
• Opec countries lose $500 million a day in oil price crash
• Oil price fall to boost ethanol production, says Razen
• Ethanol makers see demand surge on hand sanitizer stockpiling
• NCLAT upholds CCI order on Adani Gas for abuse of dominant position
• Singapore's Pavilion Energy signs mid-term deal with SLNG
• Brazil's Petrobras to cut fuel prices as shares tumble
• Oil refiners stare at inventory losses on crude crash
 
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