Morning Daily - 2020-04-11

ETAuto Newsletter | Saturday, April 11, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• SsangYong may initiate talks with Korean auto majors for stake sale
• Manufacturing sector anticipates severe workforce crunch post Covid-19
• Auto sector to take 1-2 yrs to revive: Report
• Nissan restructuring may assume cut of 1 million cars to annual sales target
• Coronavirus crisis: 15 million export job loss likely in near term
• Patent for glass battery for EVs filed by the co-founder of Li-ion battery: Report
• Bright spot in the sky: Amid turbulence, cargo checks in as the new passenger for grounded airlines ET Prime
• Wuhan's car sales turnaround boosting hope to coronavirus hit auto industry
• Coronavirus: What is the impact on India's auto sector?
• Need balanced exit strategy from lockdown: India Inc
• Coronavirus impact: Auto manufacturers face second-hand challenge Business-standard.com
• Nexzu Mobility forays into personal protective equipment segment HBL
• Toyota Yaris to get commercial variant for taxi drivers, fleet operators Moneycontrol
• New Fed loans offer additional liquidity to auto dealers Automotive News
• ONGC terminates Dolphin Offshore contract HBL
• Creativity amid the coronavirus: How two auto dealers are navigating the crisis Automotive News
• Lots of testing, lots of masks: How car companies hope to restart production Nydailynews.com
• Auto insurers refunding premiums: Will you see a credit? Silive
• Japan carmakers lend a hand in race for ventilators Nikkei Asian Review
• Toyota to halt Indonesia production as Jakarta locks down Nikkei Asian Review
• Ferrari Stock Races Ahead Despite Coronavirus Recession, As Demand Far Outstrips Supply Forbes
• Auto Sector's Big Name Brandon Edford Show How To Grow Multi-million Business Forbes India
• Is Working From Home The Future Of Work? Forbes
• How To Talk To Employees In The COVID-19 Era Forbes
Industry
• NBFCs risk not repaying Rs 1.75 lakh crore
• Raghuram Rajan in IMF's Covid policy response group
• Nifty likely to trade in the 8520-9480 range next week
• Rate transmission a far cry despite liquidity overhang
• GM plans to extend shutdown of Brazil auto production by 60 days
• Japan auto industry vows to protect jobs amid virus crisis
• NBFCs want to start partial operations during lockdown
• Indian govt had $5.26 bn in outstanding loans from RBI in week to April 3
• Asian Development Bank to give $2.2 billion relief package to India
• Detrimental impact of Covid-19 on economy to affect transport Infra: ICRA
• Maharashtra allows industries to delay lease rental payments
• Odd-even scheme to limit vehicles of 'essential services' begins in Guwahati
• Japan auto industry seeks to avoid suspending operations, but worker safety priority
• NBFCs to face liquidity pressure on lack of clarity on RBI's moratorium, poor collection: Crisil
• A new $2.3 trillion Fed plan to buttress towns, businesses
• February fiscal deficit at 5.07% of GDP, likely to be more in March
Passenger Vehicle
• Renault seeking 4-5 billion euros in state-backed loans
• S&P cuts Renault bonds to 'junk' and downgrades outlook on PSA
• China's March auto sales fell 43.3% yoy, slower pace of fall vs Feb
• Fiat reaches deal with unions on measures for production restart in Italy
• Tesla expands locally made line-up, helping reduce trade war impact
Commercial Vehicle
• Truckers seek Covid-19 screening facilities for drivers
• Coronavirus crisis: Transport ministry meets truckers to resolve issues
Auto Components
• Novelis Inc gets nod to complete acquisition of Aleris
• Copper price to grind lower as coronavirus hits industrial demand
Auto Finance
• Insurers return part of auto premiums as coronavirus cuts driving
Oil & Lubes
• India pitches for stable oil market, says it will remain growth engine of world
• G20 agree on need for oil price stability, but more work to do: Canadian minister
• Top oil producers except Mexico agree to output cuts: OPEC
• Petrol pump operators seek financial support as losses mount on falling fuel sales
• Oil rises 4% as Opec+ works on output cut deal
 
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