Morning Daily - 2020-08-12

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ETAuto Newsletter | Wednesday, August 12, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• ETAuto Exclusive: Those sinking wheels no one is talking about
• Auto industry's sales volume trajectory in FY21
• Motherson swing to Q1 loss but sees Q2 recovery
• Michigan in transition: From leading the auto industry to global smart mobility leader - Audio interview
Top Stories
• Auto sales drop 29% in July 2020; PV sales decline 4%: SIAM
• Tata Motors bets big on automatics in Covid-19 times HBL
• Bosch reports Rs 200 crore loss in Q1, to shelve 1,000 jobs
• CCI approves proposed deal pertaining to JV formation between Honda Motor, Hitachi
• Minda Industries' rights issue price fixed at Rs 250 per equity share
• Top industry exec, General Motors' Suryadevara, jumps to tech startup Stripe
• Brezza to Fortuner, SUV sales have picked up. But a recovery to pre-pandemic levels is still elusive. ET Prime
• Hyundai Creta SUV sells over 5 lakh units in Indian market
• FADA to hold elections to elect state representatives
• Anand Mahindra among 14 global CEOs to endorse road map for building better economic system HT MINT
• How Ford's Bronco SUV was redesigned. It was not easy HT Mint
• ABB India launches online marketplace portal eMart Livemint
• JMT Auto reports standalone net loss of Rs 15.07 crore in the March 2020 quarter Business-standard.com
• Southern Railways' covered car carrier rakes on a roll @businessline
• Union, automakers begin negotiations as uncertain economy raises stakes BNN
• Automakers Decry County Suits Against VW Over Software Updates News.bloomberglaw.com
• SEMA Show canceled, Woodward loses one but gains another ClassicCars.com Journal
• China's EV sales rebound on jolt from Tesla Nikkei Asian Review
• Rivian fires back at Tesla in lawsuit, accuses automaker of attempting to 'malign its reputation' TechCrunch
• How An Unplanned Reset Is Strengthening The Employee Experience Of Midsize Businesses Forbes
Industry Reports
• Electric Vehicles Charging towards a bright future
Industry
• Debt revamp proposal to prolong Indian banks' asset quality uncertainty: Fitch
• Hyundai, Aptiv name self-driving joint venture Motional
• Lockdown impact: June IIP contracts 16.6%
• MSMEs will take at least 7-8 months to recover from COVID-19 impact: D&B Chief Economist
• Virus surge makes US weak link in global economic recovery
• Vehicle registrations in Kerala down by 47% in July
• Smooth execution without technical glitches critical for GST filing system: Experts
• SC allows Centre to continue construction work of India-Myanmar-Thailand Trilateral Highway Project
• Short-time work hits German wages in Q2
• Electric vehicle sales in top gear, record 23% rise in 2020 than last year in Telangana
• CII unveils 10-point agenda to participate in global value chains, boost exports
• Rupee surges 8 paise to 74.82 against US dollar in early trade
• Sensex jumps over 300 pts in early trade; Nifty tops 11,350
• Japan's current account surplus shrinks to 5-year low as exports plunge
Passenger Vehicle
• Chinese EV maker Nio to expand production after quarterly revenue doubles
• Polestar would like public listing eventually but focus now on electric sedan launch: CEO
• Tesla sets 5-1 stock split and its high-flying stock soars again
• Lucid says its new electric sedan is first EV with 500-mile range
Commercial Vehicle
• Rajkot: This ambulance can enter narrow lanes with ease
• Slowdown hits commercial vehicle sales in Gujarat
Two Wheelers
• Triumph India launches 2020 Street Triple R, price starts at Rs 8.84 lakh
Aftermarket
• View: I am the CEO of Uber. Gig workers deserve better and new laws
Auto Components
• Japanese firm Amperex Technology Limited acquires 180-acre at Rs 550 crore in Haryana
• Copper dips as U.S.-China tensions simmer, economy weighs
• EU to investigate $112 mln Polish aid for LG Chem's electric car battery plant
• Aurubis in advanced talks to sell flat rolled copper division
• JSW Steel crude steel output falls 5% to 12.46 LT in July
Auto Technology
• Tesla working on smartwatch for kids that may work as car key
• CamCom AI revolutionizes defect and damage assessment in auto industry
Oil & Lubes
• Mizoram orders fuel rationing amid shortage due to COVID-19 restrictions
• Oil firms on US stimulus hopes, Asian demand recovery
International
• Inspector general to audit US oversight of auto safety standards
• U.S. refiners' biofuel bills soar in oil market slump
 
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