Morning Daily - 2020-06-17

ETAuto Newsletter | Wednesday, June 17, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• GWM signs MoU with Maharashtra govt for manufacturing facility in Talegaon, to invest $1 billion
• Demand for diesel engines will bounce back: Bosch
• Tata Motors cuts investment by $1.5bn to hold cash Nikkei Asian Review
• Truckmaker Volvo to cut 4,100 jobs due to virus impact
• Only three days a week in office for Mercedes India, says MD Martin Schwenk
• Tata companies may cut senior managerial pay by 15-20% HT MINT
• Renault to cut 1,500 engineering jobs in France: Union source
• Volkswagen to pay $267 million for Audi buyout
• Petrol, diesel prices rise to 19-month high
• Uber sees grocery delivery sparking its next wave of growth
• Motorcycle makers go full-throttle on premium segment HT MINT
• Maruti, Hyundai, et al. have a foggy view on demand. The way out: a tweak in the forecasting method ET Prime
• Ashok Leyland board to consider plan to raise Rs 200 crore this week
• Honda Cars partially resumes operations at Tapukara, Greater Noida facilities
• Jaguar Land Rover posts surprise sales surge in China
• MG Motor India commences production of Hector Plus, sales to start in July
• Current and future trends in the Indian automotive aftermarket: Audio interview
• China tensions may boost domestic manufacturing Livemint
• Tesla Strikes Deal to Buy Cobalt From Glencore for EV Plants SWI swissinfo.ch
• GM's Cruise 'making progress' on self-drive technology Detroit News
• Europe's Electric Car Drive Threatens Corporate Finances, But Environmentalists Disagree Forbes
• American Auto Industry: How Coronavirus Responses Helped Brands As Well As Lives Forbes.com
• Honda likely singled out in cyberattack that halted factories Nikkei Asian Review
• Clearing The Air, A New Normal - Bicycles & Electric Cars = $10,000 In Social Benefits CleanTechnica
• Audi sets up Silicon Valley office to develop automated driving systems for US market TechCrunch
• 5 Ways To Advance Digital Trade In The Post-Covid World Forbes
Industry Reports
• Containing damage: Imperatives for container companies as the world slows
Policy
• Pune: Transporters welcome decision to extend validity of vehicle documents till September 30
Industry
• Banks in Gujarat disburse over Rs 2,400 crore to MSMEs
• US industrial production bounces back 1.4% in May
• U.S. economy starts long recovery as retail sales post record jump
• Green plates for green cars: Britain boosts zero-emission transport
• How India can solve the Chinese puzzle without hurting itself
• NHAI revamp in the offing; large-scale reforms needed: Gadkari
• SBI disburses Rs 8,700 crore to MSMEs under emergency credit guarantee scheme
• Tesla negotiating incentives for possible Texas vehicle assembly plant
• More investment in clean energy will help APAC recover from COVID-19 crisis: ADB
• Rupee pares initial gains, settles 17 paise down at 76.20 against US dollar
• Sensex, Nifty fall after violent faceoff on border with China
Passenger Vehicle
• 2021 Lexus IS breaks cover, will compete with BMW 3 Series and Mercedes-Benz A-Class
• US calls bid by men to avoid extradition over ex-Nissan boss Carlos Ghosn's escape flawed
• SUVs more deadly to pedestrians than cars: U.S. insurance study
• Volkswagen invests another $200 million in battery firm QuantumScape
• General Motors CEO optimistic on US demand, China, EV profitability
• Mahindra & Mahindra launches Supro BS-VI ambulance
• Honda opens pre-bookings for Civic BS-VI diesel
• New Hyundai Creta receives 30,000 bookings
• Hungary ready to help Audi run local plant at full capacity
• Fears for Volvo expose sour turn in Swedens ties with China
• Maruti Suzuki sold over 22 lakh Swift hatchbacks in 15 years
Commercial Vehicle
• Kolkata is fourth global city with best electric bus service: IEA
Aftermarket
• SoftBank-backed ride-hailing firm Grab cuts staff to cope with virus impact
Auto Components
• AMS shares soar after media report it could sell Osram's auto unit
• Italy's GVS IPO set to be priced at 8.15 euros per share
• Bosch launches app to give EV drivers access to pan-European charging networks
Auto Finance
• Maruti Suzuki ties up with Induslnd Bank for car finance schemes
Oil & Lubes
• Oil prices falls on rise in U.S. crude stocks, virus resurgence fears
• Fuel demand improves sharply in June as country reopens after lockdown
• NMC cancels waste to energy, bio-CNG projects
 
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