Morning Daily - 2020-04-15

ETAuto Newsletter | Wednesday, April 15, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• Auto industry from the other side of Covid-19 crisis
• Global supply-chain concerns will propel local investment in automation: CEO, Tata Technologies
• Automotive industry CEO series: Global leadership and COVID-19 pandemic - Audio interview
Top Stories
• Post-Covid-19, entry 2-wheelers, cars may be back in vogue
• Auto industry may see partial resumption of operations
• MSSL board gives in-principle nod to raise Rs 1,000 cr to enhance liquidity during pandemic
• Two wheelers may get 'personal' fillip post Covid-19 lockdown
• Renault sells its stake in Chinese joint venture to partner Dongfeng Motor
• 24% of world's large companies risk running out of cash Nikkei Asian Review
• Asset-light with high margins: what makes TCI Express one of the most profitable logistics players ET Prime
• Korean companies keen to move out of China to India
• Tata may keep Ralf Speth in JLRs driver seat
• Automakers from Audi to Renault begin rebooting European plants Automotive News
• EV production starts to come back online in Europe, US still in question - Electrek Electrek
• TVS drafts 90-day plan to battle challenges post-lockdown HBL
• Medium, small companies in Gurugram fear closure, seek bailout by government
• Logistics Costs Set to Rise as Truckers, Transporters Hike Rates by up to 80%
• Tesla wooed by $1 billion Missouri package for Cybertruck plant Automotive News
• Aleris acquisition makes Hindalco world's largest aluminium products firm
• Used Car Market Signals Delayed Recovery For Auto Industry Forbes.com
• FCA recalls 425,000 vehicles over loose wiper blades Automotive News
• Too much talk? Honda chief reins in freewheeling management Nikkei Asian Review
• Covid is a tipping point for a digital workplace HT MINT
Industry
• Gadkari asks India Inc to clear MSME dues
• Conserving cash tops India Incs agenda
• Local inputs to guide opening-up
• RBI to step up liquidity measures
• View: India has to get back to business; marginal cost is far exceeding the marginal benefit
• Gadkari plans to set 60km/day target for highway construction
• Offshore guarantees, takeover bids from foreigners worry India Inc
• IMF: Stung by virus, global economy will shrink 3% in 2020
• MSME exporters have no liquidity to pay wages for April: FIEO
• Washout quarter ahead for auto firms; tyre companies may do better
• COVID-19: Lockdown in India extended till May 3
• India Inc stands by lockdown extension call; seeks stimulus package to rebuild economy
• China's trade slump eases in March, but pandemic set to deepen export downturn
• View: Lessons from Covid-19 can make the world a better place
• Lockdown extension right move, adverse impact on EV sector in next 1-2 months: SMEV
• Manufacturing companies see challenges in phased exit from lockdown
Passenger Vehicle
• Tesla caps 43% rally in longest advance since early February
• Hyundai first to restart Czech production, others still shut
• Ford expects coronavirus shutdown to cause $600 million quarterly loss
• Renault shifts to all-electric cars for China
Commercial Vehicle
• Lockdown extension: Renewed concern among transporters regarding sustenance: AIMTC
• Bus union demands relief package for para-transit vehicle drivers
Two Wheelers
• Covid-19: Hero MotoCorp to donate 60 mobile ambulances to authorities
Aftermarket
• Coronavirus lockdown: Cab drivers woes multiply
• Uber announces 'Uber Essential' to facilitate essential travel
Auto Components
• Moody's reviews JSW Steel for downgrade
• Car parts group Valeo drops 2020 targets, gets 1 bln euros of new credit lines
Auto Technology
• U.S. self-driving car startup Zoox agrees to settle lawsuit with Tesla
• Marelli makes use of blockchain technology to enhance automotive supply chain
Oil & Lubes
• Crude oil prices rise on bargain-hunting, hopes for stockpile purchases
• Oil gains as U.S. shale production set to fall sharply
• India plans to fill strategic oil storage by the third week of May
• Output cut may not sustain oil price
 
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