Morning Daily - 2020-06-10

ETAuto Newsletter | Wednesday, June 10, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Honda Motor Company halts IT infrastructure in India after a suspected cyber attack
• Coronavirus Impact: Maruti Suzuki production down by 97.5% in May 2020
• Hero MotoCorp Q4 profit down 26% at Rs 614 cr
• IRDAI withdraws long-term motor cover
• COVID-19 impact: Minda's German subsidiary files for insolvency
• MORTH extends the validity of expiring driving license, transport documents to September 30
• Four reasons why Rajiv Bajaj can't understand the logic behind lockdown
• Challenge for us is supply chain rather than demand: Maruti's R C Bhargava Business-standard.com
• Forging industry looks at sourcing labour locally as many return home
• Auto sector must take a pause and recalibrate: ACMA chief HBL
• ETAutoTV: Role of simulation and virtual testing in development, discusses Nagesh H Walke, ARAI
• Global PEs, auto parts majors look to buy ZFs stake in TVS JV
• Skoda employees pool in money to donate PPE kits, ventilators to GMCH
• The length of the global automotive supply chain: A direct cause of bullwhipping - Audio interview
• Tractor makers explore rental route as agricultural economy grows
• Maruti Suzuki partners with Mahindra Finance for car finance schemes
• Hero forecasts rural revival, boosts output HT MINT
• Opinion | The digitized 80:20 factory will outlast our lockdown HT Mint
• Flop of BlueIndy car-share reflects broader ride-hailing challenges Detroit News
• SUVs and trucks driving the U.S. auto market recovery Alabama NewsCenter
• Hyundai's Hydrogen Chief on the Future of Fuel Cells Bloomberg.com
• BYD to scale up new 'blade battery' production to challenge CATL Nikkei Asian Review
• Nikola Motor to open pre-orders for fuel cell pickup truck to compete with Ford, Tesla TechCrunch
• If You Laid Off Workers And Now Need To Hire Rapidly, Follow These Six Steps Forbes.com
• Purpose At Work: How Big Brands Must Show Their Support For Social Justice Forbes
• 1,200 commercial pilot hopefuls have INR1,600 crore invested in training, but face waning job prospects. ET Prime
Industry
• Bus crowds push Maharashtra govt into reviewing its unlock move
• Transport workers seek permission to beg
• Germany earmarks 500 million euros for electric car charging
• Is it possible to end Chinas control of the global supply chain?
• FM reviews progress of Rs 3 lakh crore credit guarantee scheme for MSMEs
• India Inc spent Rs 7,537 crore as CSR obligations in 2 months directed to address the Covid-19 pandemic
• Rupee rises 11 paise to 75.44 against US dollar in early trade
• Sensex opens over 100 points higher, turns choppy on profit-booking
• Impressive progress on Delhi-Mumbai expressway gets analysts attention
• German cabinet speeds up stimulus package
• It's official: U.S. economy entered recession in February
• Bank credit growth may plunge to 0-1% in FY21: CRISIL Ratings
• Japan to push for early scrapping of UK auto tariffs in trade talks
Passenger Vehicle
• VW CEO Herbert Diess apologises after row with supervisory board
• Tesla Model Y experiencing production challenges: Musk
• Auto sales may dip by up to 25% in FY21, sharpest decline in 2 decades: Ind-Ra
• Ford Escape plug-in hybrid takes aim at Toyota RAV4 Prime
• Chinese carmaker BYDs push into masks boosted by US approval
Commercial Vehicle
• A $26 billion truck company with zero revenue just surged 103%
Aftermarket
• Cabbies protest for safety kits in Telengana
Auto Components
• Major steel players may shelve capex plans: CRISIL
Auto Technology
• Driving, transit alerts arrive on Google Maps to ease your travel
Auto Finance
• Toyota Kirloskar Motor announces flexible EMI options for customers
Oil & Lubes
• Oil prices drop after US inventory build renews oversupply concerns
• Oil refineries around Asia join Chinese peers in ramping up oil output
• Shell Lubricants partners with Pitstop for vehicle servicing
• Petrol price hiked by 54 paise per litre, diesel by 58 paise
• Valvoline signs multi-year partnership with Sevilla FC
 
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