Morning Daily - 2020-07-16

ETAuto Newsletter | Thursday, July 16, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• Can Honda cars resurrect its fortune with the premium shift?
• ETAutoTV: Developing cost effective parts will be a challenge in post-COVID era, says Continental India Head
Top Stories
• JLR close to announcing its new Chief Executive
• Carmakers rev up output to meet demand
• Minda Corporation operating revenue declines 9.02% in FY20
• Maruti Suzuki recalls 134,885 WagonR and Baleno over faulty fuel pump
• FCA, PSA to be renamed as Stellantis post merger in 2021
• Toyota Kirloskar Motor recalls 6,500 Glanza hatchback over faulty fuel pump
• From Hyundai to Hero, the drive to recovery begins with rural sales. Tip: old strategies wont do. ET Prime
• UP waives penalty on commercial vehicle tax defaulters
• Volkswagen brand freezes new hiring until end 2020
• Honda Cars India launches 2020 City sedan, price starts at Rs 10.89 lakh
• India's EV Dream Has An Umbilical Link With China BloombergQuint
• Reliance to replace auto fuels with electricity, hydrogen; targets carbon-zero co by 2035
• Toyota will now have office space within luxury hotels @businessline
• Delhi to Chandigarh in 2 hours by 2023
• Demand will revive in Q4: Honda India chief Livemint
• Using Intelligent Talent Networks To Hire Your Agile Workforce Forbes.com
• US or Mexico? Japan's auto industry torn over USMCA Nikkei Asian Review
• Toyota promotes rare discount in Japan as COVID stalls sales Nikkei Asian Review
• Biden Plans Massive Electric Car Push CleanTechnica
Policy
• Soon, auto drivers in Ahmedabad to don blue aprons
Industry
• U.S. manufacturing snaps back; resurgence in COVID-19 cases seen slowing momentum
• Canada factory sales post a record jump, still well below pre-pandemic levels
• Europe's shift to electric cars picks up despite recession
• Exports fall 12.41% to USD 21.91 billion, imports by 47.5% to USD 21.11 billion in June
• Rupee surges 14 paise to 75.28 against US dollar in early trade
• Sensex rallies over 400 points; Nifty tops 10,700
• Manoj Kumar Nambiar re-elected as MFIN chairperson
• Japan manufacturers' mood pinned near 11-year lows as pandemic hammers global demand
• Workers fired on pretext of lockdown in Manesar-Gurgaon hub, says union
• China's record crude oil, copper imports are more history lesson than predictor
Passenger Vehicle
• Output to resume at PSA's UK Vauxhall car factory in August
• Tesla registrations in California nearly halve in Q2
• Shares of Hyundai Motor jump nearly 8% on Seoul's 'green new deal'
• Hyundai recalls 272K US cars; electrical outlet can overheat
• Electric car subsidies make Renaults free in Germany
• Automakers race to next level of not quite self-driving cars
• BMW rolls out China-made electric SUV iX3 to take on Teslas Model Y
• Nissan bets on new Ariya electric SUV to symbolise its revamp, but sales plans modest
• Skoda India launches Rapid Rider Plus sedan at Rs 7.99 lakh
Commercial Vehicle
• Bengal transport staff demand safety after corona positive case
• Private bus operators in Mumbai ask for govt aid to cover losses due to Covid-19
Two Wheelers
• Hero MotoCorp delivers first responder vehicles to community health centres in Alwar
Auto Components
• Copper eases on US-China tensions, virus-led supply risks
• Nickel developer Australian Mines gets state loan offer, shares rocket 60%
Tyres
• Apollo Tyres inaugurates 2W radial tyre facility in Gujarat
Auto Technology
• Navistar to develop self-driving trucks with TuSimple
Oil & Lubes
• Diesel extends gains over petrol in Delhi
• Oil prices slip after OPEC, allies agree to loosen oil supply curbs
 
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