Morning Daily - 2020-06-11

ETAuto Newsletter | Thursday, June 11, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Auto industry to go back a decade; decline upto 45%: SIAM
• Hatchbacks expected to be the silent winners in Unlock 1.0: Report
• Fiat, PSA face EU antitrust probe over $50 billion merger
• ETAutoTV: Indian auto industry needs immediate stimulus: Rajan Wadhera, SIAM
• Lockdown: Drastic fall in vehicle registration in April, May in Maharashtra
• Tesla becomes world's most valuable automaker, hits $1,000 per share
• 1,200 commercial pilot hopefuls have INR1,600 crore invested in training, but face waning job prospects. ET Prime
• India's fuel demand nearly doubles in May as lockdowns ease
• Hyundai and Kia reveal new innovations in Heat Pump Technology for EVs
• Tesla employees tested corona positive at California plant
• Ford recalls about 2.5 million vehicles for latch, brake troubles
• For Renault, getting its talent pool back is top priority HBL
• Hero surprised by positive retail sales post lockdown; reduces FY21 capex by 40% Livemint
• Toyota Looks Pretty Smart Right Now On Autonomous Vehicles Forbes
• Shriram Transport Finance Q4 profit falls 70% at Rs223.38 crore HT MINT
• Optimized sensors are key to future of automated vehicles TechCrunch
• MakeMyTrip, Meru Cabs in pact to offer ride hailing services at airports HT MINT
• CATL: New super battery ready for mass output Global.chinadaily.com.cn
• Jamna Auto Industries consolidated net profit declines 66.95% in the March 2020 quarter Business-standard.com
• Ford, GM and VW say production and new vehicles are back on track Detroit News
• Spin scooters head to Europe, starting with Germany TechCrunch
• The PHEV Era Needs To End, Now CleanTechnica
• Ford F-150 EV, Transit EV coming by mid-2022 Automotive News
• What Is Accident Forgiveness Car Insurance? Forbes Advisor
• The Role Of AI And People Analytics In Developing The Leaders Of Tomorrow Forbes
Industry Reports
• Containing damage: Imperatives for container companies as the world slows
Policy
• Bicycles allowed in Kolkata lanes and by-lanes to tackle transport woes
Industry
• Agra: Public transport poses risk of further spread of Covid-19
• Huge gap in penalty collection at toll plaza & checkposts on NH-2
• Fed to keep providing aid and sees no rate hike through 2022
• Bharatmala Pariyojana to get delayed by 4 years: ICRA
• Piyush Goyal holds meeting with officials on ways to boost exports, reduce import reliance
• View: Replacing China imports difficult, yet possible, even in electric vehicles
• Rupee rises 12 paise to 75.49 against US dollar in early trade
• Sensex jumps 175 points, Nifty at 10,100
• India inflation likely to have hit six-month low in May
• China factory gate deflation deepens on global demand slump
• Investment promotion agency to be set up in UP
Passenger Vehicle
• PSA's UK Vauxhall car factory to resume output after September 1
• Ford to return to pre-COVID production rates in U.S. plants by July 6
• Volkswagen says deliveries of ID.3 electric car to start in September
• Hyundai Hydrogen chief on why the company bet on fuel cells
• Fiat Chrysler plans to resume Panda production on June 16: Union
• Carmakers must overhaul production plans to hit climate goals: Report
• Ford, VW to collaborate on vans, pickup, electric vehicle
• Tesla cuts German factorys water needs in nod to local concerns
• Honda establishes new JV Hynex Mobility Service for next-gen connected services business in China
Commercial Vehicle
• Tesla to accelerate production of Semi trucks: Memo
• Eicher launches new heavy-duty bus Skyline Pro 6016
• Private buses to hit the roads today, no change in fares
• Kerala government to file appeal against HC order on bus fare hike
Two Wheelers
• Royal Enfield restarts retail networks with digital initiatives
• Piaggio India launches online booking platform for Vespa and Aprilia scooters
Auto Components
• Dutch Tata Steel employees strike over planned job cuts
• ABB CEO targets profitability as COVID-19, oil price slump bite
Tyres
• Maxxis India partially resumes operations at its Sanand-based plant
Auto Technology
• Dutch study shows hyperloop may be substitute to short-haul flights
Auto Finance
• Honda Cars India introduces finance scheme for customers
Oil & Lubes
• Oil companies net marketing margins turn positive as fuel prices rise
• Oil prices slide on concerns about patchy demand recovery, record US stocks
• Germany eyes 'world number one' spot in green hydrogen
• IOC aims to operate refineries at 90% capacity in June
 
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