Morning Daily - 2020-03-27

ETAuto Newsletter | Friday, March 27, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• SC to hear BS-IV registration plea tomorrow at 3 PM: FADA
• Automobili Pininfarina CEO steps down, Per Svantesson takes charge: Pawan Goenka
• Truckers abandon vehicles, delivery boys fret about safety
• Automakers may export unsold BS-IV inventory
• Tata Motors faces ratings' downgrade by Moody's
• Brent's fall creates steepest contango in 11 years
• JK Tyre increases stake in Cavendish Industries to 71.91%
• Hope govt soon announces measures to support auto industry: SIAM
• GM cuts paychecks to avoid 'serious damage'
• Covid-19 fight: M&M prepares ventilator prototype in 48 hours
• Vehicles transporting essential services will be allowed to operate in city: Delhi Police
• Best Ways To Keep Your Car??s Interior Virus-Free Forbes
• No recovery across automobile sector in fiscal 2021: Crisil
• Demand for metals melts away forcing a rethink on smelting
• Shutdowns ripple across supply chains in coronavirus domino effect Nikkei Asian Review
• FY21 GDP growth seen at 2.6% on 21-day lockdown
• Govt releases Rs 1.70 lakh crore relief package amid growing coronavirus fears
• Indias role will grow in Skoda-VW drive: Gurpratap Boparai HBL
• The uncertain future for China's electric car makers BBC News
• Extremely difficult to predict Covid-19 impact, says Skoda-VW India chief HBL
• Two Tesla employees test positive for coronavirus
• China's auto industry is starting to bounce back AutoIndustriya.com
• Firms may delay hiring for a quarter
• Crisil cuts FY21 growth estimate sharply to 3.5 per cent
• How To Job Search During The Coronavirus Lockdown Forbes
• Hard-landing alert: Rivals in sky flock together as IndiGo, SpiceJet, et al. join hands for bailout ET Prime
Industry
• White House, senators strike deal on $2 trillion stimulus package, to grant automakers a lifeline
• Toll collection in current, next fiscal to be adversely impacted as operations halted: ICRA
• Detroit's near future based on SUVs, not EVs, production plans show
• Mexico's automakers want to delay USMCA rules, cite coronavirus, lack of time
• Ford pushes for factory restart, union not so sure
• Coronavirus outbreak: Commerce ministry sets up help desk to resolve import, export issues
• WTO sees sharp fall in trade, calls for global solutions to tackle COVID-19 crisis
• Zinc 2020 benchmark smelter terms may already be outdated
• RTO likely to register major drop in vehicle registration
• All India Manufacturers' Organisation seeks relief for MSMEs
• Covid-19 pandemic: FM Nirmala Sitharaman writes to RBI on relief measures
Passenger Vehicle
• Volkswagen expects car market to recover in summer
• Geely's Volvo Cars warns virus outbreak to hit 2020 earnings
• Ford, Fiat Chrysler, Honda, Toyota seek to restart factories
• Coronavirus to cut UK car output by over 15%, more if crisis lasts months
• Fiat Chrysler agrees new 3.5 bln euro credit facility with banks
• Mitsubishi Corp could take Renault stake in alliance rejig: Sources
• Tesla to reopen New York plant as soon as humanly possible to make ventilators: Elon Musk
Commercial Vehicle
• Covid-19 impact: AB Volvo postpones AGM
• West Bengal Transport Corporation runs skeletal services to and from hospitals
• Covid-19 lockdown: 100 buses to ferry essential services staff in Navi Mumbai
Two Wheelers
• TVS Motor's Indonesia plant to resume production today
• Honda suspends Thai car output as coronavirus emergency declared
Aftermarket
• Taxi, auto unions demand financial package to tide over COVID-19 lockdown impact
• Covid-19: Group 1 Automotive signals major drop in March auto demand, furloughs nearly 6,000 staff
Auto Components
• JSW Steel to cut down production in the wake of Covid -19 outbreak
Oil & Lubes
• Covid-19 lockdown: BPCL defers turnaround of units at refineries on shortage of labour
• Oil falls as sinking demand outweighs stimulus hopes
• Covid-19: Oil prices mixed as demand shrinks, but stimulus hopes support
 
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