Morning Daily - 2020-08-13

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ETAuto Newsletter | Thursday, August 13, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• ETAuto Exclusive: Is Honda getting emptied? A chunk of the top corporate team is out in VRS mode
• Govt allows sale and registration of EVs without batteries
• ETAutoTV: Manufacturing overseas economically is key to become global suppliers, says VC Sehgal
• Opinion: Relearn, rebuild, reboot, reskill - How Covid-19 is changing the way we do business
Top Stories
• Maruti set to post production growth for first time in 2020
• Hyundai gains slender edge over Maruti in SUVs
• Motherson Sumi's Chairman Says Autos Will Spring A Surprise After Covid-19 BloombergQuint
• SUV boom reduces gloom for auto companies
• Maruti Suzuki bullish on network expansion, product launches despite Covid-19 HBL
• Bharat Forge posts Rs 127.3 cr loss in Apr-Jun
• Brezza to Fortuner, SUV sales have picked up. But a recovery to pre-pandemic levels is still elusive. ET Prime
• Nitin Gadkari calls for global investment in highways, MSME sectors
• Cummins India Q1 PAT plunges 64% to Rs 70 Crore
• Ashok Leyland reports Rs 389 cr net loss for Jun quarter
• Kyoto University and Toyota test 1,000 km per-charge EV battery Nikkei Asian Review
• Maruti Suzuki and Renault drive India's auto rebound Nikkei Asian Review
• Sundram Fasteners reports Q1 loss of 23 crore HBL
• TN aims to become auto electronics, defence and aerospace manufacturing hub @businessline
• Michigan's auto industry struggled in Q2. CEOs say challenges remain. Bridgemi.com
• Bharat Forge: Investors should wait for improvements in orders, core biz Business-standard.com
• AAA Study Finds Near-Autonomous Driver-Assist Systems Remain Flawed Forbes
• Rumor: 1st Tesla Cybertruck Owners Will Be Tesla Employees CleanTechnica
• It Is Time To Rethink Your Emergency Succession Plan Forbes
Industry Reports
• Automotive sector: Key considerations for the proposed online sales model
Industry
• UK pensions group seeks ban on new petrol, diesel and hybrid cars by 2025
• Loan recast: NBFCs' refinancing requirements likely to increase, says report
• Goldman Sachs, Barclays among bidders for GM's credit card business: WSJ
• Dollar buoyed by jump in U.S. bond yields
• NCLAT dismisses plea to initiate insolvency proceedings against Tata Chemicals
• Logistics provider TCIL Q1 net profit dips 67% to Rs 10 crore
• Rupee slips 6 paise to 74.84 against US dollar in early trade
• Punjab: Punbus contract union holds protest against salary cut
• NSE Nifty 50 index down 0.59% at 11,256.05 by 0354, while S&P BSE Sensex fell 0.61% to 38,181.14
• Chairman Mao's favoured carmaker considers higher sales target for coming years
• PM Modi to launch 'Transparent Taxation - Honouring the Honest' platform on Thursday
• COVID-19 to accelerate supply chain shifts in fragmented trade system: Moody's
• U.S.-China trade deal in 'fine' shape, White House's Kudlow says
• Anand Mahindra among 14 global CEOs to endorse road map for building better economic system
Passenger Vehicle
• GM proposes Brazil workforce reduction through buyouts, union says
• Ford recalls midsize SUVs to fix possible brake fluid leaks
• German prosecutors probe possible death of suspended VW employee
• Tesla woos retail investors with stock split, shares rise
• Kia Motors reveals new design for fastback Stinger
• Electric carmakers seek out blank-check firms for funding as virus spooks private markets
• Renault Duster to get 1.3-litre turbo-petrol engine soon
• Ford India launches top-end variant of Freestyle starting at Rs 7.69 lakh
• Audi offers new features to its digital app
Aftermarket
• Isuzu partners with TASL for vehicle services chain
• Ride-hail industry is experiencing tale of 10,000 cities
Auto Components
• Knorr-Bremse CEO Eulitz quits after falling out with chairman
• Copper slips on weak European factory data
• Balance sheet deleveraging from right issue adds 'spark' to Minda Industries
• NMDC hikes iron ore rates by Rs 300 to Rs 2,950 a tonne effective from August 12
Auto Technology
• China's CATL aims to make EVs drive further with new tech
Oil & Lubes
• Asia Distillates-Gasoil cash differentials drop to lowest since early June
• India's weak fuel demand drags on as virus crisis worsens
• Customers looking for alternates amid rising petrol, diesel prices
• Oil prices bolstered by bigger-than-expected drop in U.S. crude stocks
International
• Uber may be forced to shut down California ride services over new driver ruling
• Lyft maintains end-2021 profitability goal even as COVID-19 guts demand
• UK economic output collapses by 20.4% in Q2
• European banks face indigenous calls to end Amazon oil trade
 
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