Morning Daily - 2020-08-06

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ETAuto Newsletter | Thursday, August 6, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• Is American motoring dream coming to a complete end in India?
Top Stories
• Apollo Tyres reports Q1 net loss of Rs 135 crore
• Indian auto dealers need to invest more in digital resources: Google
• Join the 40+ industry leaders at ETGlobalTownhall Globaltownhall.economictimes.indiatimes.com
• Car crashes dwindle where Covid-19 cases increase, a new twist for for insurers Livemint
• Covid, high GST rate force Toyota to go slow on hybrids HBL
• Daimler deepens battery alliance with CATL to include R&D
• Future cars will be software on wheels. An ex-Tesla engineer from India gets ready for the race. ET Prime
• Maruti Suzuki launches 2020 S-Cross petrol, Rs 8.39 lakh onwards
• Uber to hire 140 engineers in India for expanding tech, product teams
• Fiat Chrysler to recall around 1 million vehicles over polluting engines
• Chinese EV Startup Karma Accused of Stealing U.S. Rival's Plans BNN
• Why these ISRO engineers decided to start an EV startup Yourstory.com
• Audi Isn't The First Automaker To Slip On An Advertising Banana Peel Forbes
• Top 20 Post-Covid Automotive Trends Forbes
• Want to Owna Ferrari SUV? Buy ThisMaserati Livemint
• Ram won't make an electric pickup yet Driving
• Trump's new envoy to Japan wants auto trade deal Nikkei Asian Review
• Toyota accelerates 'kaizen' drive under coronavirus pressure Nikkei Asian Review
• How bicycle parts maker Shimano eclipsed Nissan in market cap Nikkei Asian Review
• Audi cuts price of e-tron by $8,800, improves range Automotive News
• Unagi, the iPhone of scooters, now has a subscription service TechCrunch
• Reimagining Talent Practices: Recruiting To Retain Forbes
Industry Reports
• Connected cars and OEM outlook in India
Industry
• Construction on NH-58 delayed due to redesign in road structure
• To boost jobs, Telangana govt to offer tax cuts to firms hiring locals
• Banks, NBFCs' asset quality risks remain elevated: ICRA
• RBI governor headed MPC begins deliberations on monetary policy
• Canada's imports, exports jump in June on auto sector
• Factoring, discounting of bills will help ease industrys liquidity issues
• Sensex rallies over 300 pts in early trade; Nifty tops 11,150
• Maharashtra RTOs to go completely paperless with e-signatures
• Locked-up Mumbai had highest vehicle registrations in Maharashtra
Passenger Vehicle
• Japanese automakers post double-digit China sales growth in July
• Nissan, worker unions agree to postpone Barcelona plants closure to end-2021
• German VAT cut fuels pent-up demand for new cars
• Honda sees 68% drop in annual profit as coronavirus slams car sales
• UK new car sales rise for first time in 2020 as dealerships reopen
• M&M to launch all-new version of Thar on Aug 15
• Irish car sales down 14% in key month of July
• BMW plunges to Q2 EBIT loss as coronavirus pandemic hits car sales
• Ford's new CEO needs deft maneuvering skills
Commercial Vehicle
• Passenger transport operator bodies say sector on verge of collapse, seek govt help
Two Wheelers
• Bajaj Auto launches upgraded KTM 250 Duke, priced ar Rs 2.09 lakh
• Hero rolls out 150 million cycles
Aftermarket
• Uber to buy UK taxi tech firm Autocab
• Electric vehicle charge network ChargePoint bags $127 mln from investors
• ESR acquires 39-acre land in Chennai for logistic park
• Covid-19 fear fuels demand for vehicles on lease in Bengaluru
• Hyundai claims to receive over 1.2 million responses for car servicing on Whatsapp
Auto Components
• Steelmakers hike prices by Rs 2,000 per tonne as demand improves
• Albemarle warns lithium sales sliding amidst weak EV market
• Lucknow municipal corporation blacklists 18 firms for supplying overpriced spares
• Continental spin off can trigger overdue auto M&A
• Steelmaker Voestalpine books quarterly loss, sees recovery in China
• Continental AG sees significantly lower revenues, profit in 2020
Tyres
• Italy's Pirelli trims FY forecast on operating profit margin for second time
Oil & Lubes
• Oil prices struggle to hold five-month high amid pandemic worries
International
• Ex-UAW chief says GM bribery claims are 'utterly baseless'
• Israel's Cognata to partner with Hyundai Mobis for simulation
• Nippon steel may hasten and extend restructuring measures
 
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