Morning Daily - 2020-03-19

ETAuto Newsletter | Thursday, March 19, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• Hyundai to float a separate premium car biz; what carmakers see in it ?
• Rajiv Bajaj re-appointed as MD and CEO for next five years
• Why reduced oil rates can't help the end consumer?
• BS-IV vehicle sales may rise by March 25 amid growing restrictions
Top Stories
• Supreme Court refuses to hear plea on deadline relief for BS-IV sale
• Covid-19 impact: App taxi fares touch rock bottom as demand falls 50%
• S&P lowers India's growth forecast to 5.2% in 2020
• Covid-19 impact: Hero MotoCorp undertakes proactive steps
• Tesla to limit workers by 75% at California factory with virus lockdown order
• A year of careful planning, a little help from vendors: how Maruti pipped rivals in the BS-VI race ET Prime
• Honda halts US output as auto factory stoppages widen Nikkei Asian Review
• Skoda opens pre-booking for KAROQ and new RAPID 1.0 TSI HBL
• With Seltos in top gear, Kia races towards fastest 1 lakh production milestone HBL
• ArcelorMittal refinances $5.15-billion loan availed for Essar Steel buy HBL
• STMicroelectronics, Aligarh University tie up to develop wireless chargers for EVs HBL
• Newer funding sources may kick-start M&A ecosystem HT MINT
• Five Cities Where Jobs Will Be Hit Hardest By Coronavirus Forbes
• Five HR Strategies To Amplify The Employee Experience In 2020 Forbes
Policy
• RBI plans Rs 10,000 crore liquidity injection
Industry
• Coronavirus impact: Steel companies leave no stone unturned to ensure staff safety
• Bank of America cuts March quarter growth forecast to 4% on coronavirus lockdowns
• India under no obligation to implement WTO's dispute panel recommendations on export schemes: Govt
• Market crash wipes out Rs 15.72 lakh crore investor wealth in 3 days
• US auto giants to adjust manufacturing processes to mitigate virus risk
• Rupee pares gains to close marginally down on forex outflows
• Coronavirus outbreak could destroy up to 25 million jobs: ILO
• IRF urges govt to treat road accidents in India on lines of coronavirus pandemic
• Japan's Sharp sues Tesla for patent infringement over network gear: Source
• Chinese EV maker Nio raises doubts about its future
• Coronavirus: Learning licence tests to be suspended in Maharashtra
• EVs, Industry 4.0 will make mechanical engineers hot
• U.S. manufacturing production rises less than expected in February
• Brazil's Vale cuts activity at Canadian copper mine due to coronavirus
• China Zhongwang to spin-off aluminium extrusions business via back-door listing
• Will aluminium heed the lesson from last demand shock?
• Chinese, South Korean companies keen to invest in Haryana in EV sector
• Companies Amendment Bill 2020 introduced in Lok Sabha
Passenger Vehicle
• Detroit automakers idle U.S. plants to combat coronavirus outbreak
• Volkswagen's key brand warns of supply chain disruptions
• French finance minister to meet PSA, Renault over aid
• BMW to shut down European factories over virus
• Nissan to stop producing cars in Indonesia as part of reorganisation plan
• Japanese automakers close more plants in Europe, Asia due to virus
• BMW says pretax profit to be significantly lower in 2020
• Volkswagen India launches T-Roc compact SUV, priced at Rs 19.99 lakh
• European new car sales down 7.2% in February
• GM employee at Michigan tech center tests positive for coronavirus
• Ford's Romania plant to send 6,000 workers on paid leave
• COVID-19 scare: Daimler halts majority of its production in Europe for two weeks
• Volkswagen says diesel scandal has cost it 31.3 bln euro
Commercial Vehicle
• Tata Motors targets 100% renewable energy sourcing by 2030 for its Lucknow plant
Two Wheelers
• Harley Davidson Street motorcycles to be retailed at Canteen Store Departments for armed forces personnel
Aftermarket
• Coronavirus threat: Ola, Uber cabbies demand EMI interest waiver
• Uber, Lyft suspend pooled rides in U.S., Canada to limit spread of coronavirus
• Waymo, Cruise, Argo, Pony.ai suspend self-driving tests on virus fears
Auto Components
• Moody's cuts base metals outlook to negative on slowing global growth
• Volkswagen to start using high-nickel EV batteries
Oil & Lubes
• Cheap gas drives auto industry to distraction
• Coronavirus impact: US crude oil at 18-year low amid lockdowns
• Crude oil futures fall Rs 116 to Rs 1,979 per barrel
• China makes biggest price cuts on retail gasoline, diesel since 2013
• Businessmen up in arms against excise duty on fuel
• Domestic fuel demand drops 10% as coronavirus spreads
 
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