Morning Daily - 2020-10-01

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ETAuto Newsletter | Thursday, October 1, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Government extends deadline for EV components localisation by six months
• Inventory build-up with dealers jacks up auto sales in September
• Automobile sales may fall 20-25% this fiscal: Ind-Ra
• Why manufacturing sector is looking to quickly go digital
• HMSI unveils Hness CB 350 in India; likely to be priced at INR 1.9 lakh
• Tata Motors launches 55-tonne prime mover Signa 5525.S
• Quick off the block: Kia wants to take the pole position in compact-SUVs with Sonet ET Prime
• VW CEO says will announce important strategic steps this year
• Germany puts first auto boss on trial over 'dieselgate'
• Jaguar, NTT team up with tech group on remote access software
• CNH Industrial India exports 100 tractors to Bangladesh in an inaugural freight train run from Dadri, Noida
• BMW registers non-profit company for corporate citizenship projects in India
• MSME NPAs up by Rs 1,090cr in a year
• July-September GDP expected to contract by nearly 9%: Deutsche Bank
• India, a rough ride for premium motorcycles HBL
• Yamaha to focus on metros, surrounding areas with digital push HBL
Industry
• Ex-UAW president pleads guilty in embezzlement scheme
• SMEV welcomes deadline extension under phased manufacturing programme
• European carmakers' leather use fuelling deforestation: NGO
• Union Minister Nitin Gadkari recovers from COVID-19
• Ex-head of Nikola accused of sexual assault
• Motown Diaries: Sep wholesale volume likely to grow; retail auto sales to be sluggish
• Salary data reveals even Covid couldn't change corporate India's deep disparity
• Chinese FAW Group's talks to acquire Iveco held this year now on hold: Sources
Passenger Vehicle
• Warning of damage from Brexit tariffs, UK car industry says it should be prioritised
• VW's SEAT says September sales could top 2019 despite pandemic
• Main Renault unions reject cost-cutting plans: Sources
• S.Africa's COVID-hit carmakers ask govt to cut taxes on new cars
• Emissions crunch drives VW to overhaul its supercar strategy
Two Wheelers
• Ampere Electric launches new variants of Reo, Magnus, Zeal and V48 scooter models
Aftermarket
• Uber, Lyft look to kill California law on app-based drivers
• Triumph Motorcycles opens new dealership in Chennai
• How to get a loan to buy a pre-owned car
• Seattle approves minimum pay standard for Uber and Lyft drivers
Auto Components
• Toshiba plans to exit money-losing LSI chip business
Auto Technology
• Chinese smart car supplier PATEO in talks to raise $147 million
Oil & Lubes
• India slashes natural gas prices to multi-year low of $1.79/mmBtu
 
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