Morning Daily - 2021-02-19

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ETAuto Newsletter | Friday, February 19, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Industry | Tyres | Oil & Lubes | Commercial Vehicle
Top Stories
• EVs to brighten aluminium industry prospects
• Maruti weighing its options on launching Jimny in India
• As chip makers focus on electronics, auto mfg hits a road bump
• Ford puts projects with Mahindra on hold as it reassesses India strategy: Sources
• BorgWarner to acquire 59% equity of battery maker Akasol
• Hella launches low-voltage battery management system
• Volkswagen mulls listing of Porsche AG unit: source
• Volvo says chip shortage halts Belgium truck output
• Bosch, Microsoft join forces to develop vehicle software platform
• Talbros Automotive sells defunct Chennai plant to raise Rs 21 cr
• Daimler sees significant revenue, earnings gains amid pandemic recovery
• Applied Materials forecast beats estimate as demand for chipmaking tools surges
• Toyota investing $210 million to expand West Virginia engine production
• Uber, Lyft rerouted for post-pandemic profitability
• Most dependable: Lexus, Kia top 2021 JD Power auto study The Detroit News
• The Whole Job Of PC Security Forbes
• A New Study By Indeed Confirms That Ghosting During The Hiring Process Has Hit Crisis Levels Forbes
Passenger Vehicle
• Nissan plans more UK investment as it rolls out green tech
• 2021 Porsche 911 GT3 breaks cover
• 2021 Honda HR-V Hybrid breaks cover globally
• General Motors, Volkswagen halt some Mexican operations on gas shortage
• Chinese buyers help push Bentley orders up by 50%, CEO says
• Tesla cuts prices of base variants of Model 3, Model Y
• Design sketches of Skoda Kushaq revealed ahead of debut next month
• Kia and Hyundai recovering from days-long network outages
• Ford recalling 153,000 vehicles in U.S., Canada that could have faulty inflators
Two Wheelers
• Honda CB350 RS vs H'ness CB350: Key differences explained
• eBikeGo raises $1.5 million in pre-series A to expand EVs for last mile delivery
Auto Components
• French group Plastic Omnium H2 results improved as auto demand picked up
• Thyssenkrupp ends talks with UK's Liberty on steel unit sale
• Japan's Toyota, Honda can likely cope with global chip shortage - Fitch
• Taiwan minister flags improvement in auto chip supplies
• Automotive Power raises USD5 million from 8VC, Ajax Strategies and Fontinalis
• White House ramps up effort to tackle automotive chip shortage
• Auto supplier Visteon sees more plant closures due to chip shortage
Industry
• IT needs to focus on market, makers for opportunities: Tech Mahindra CEO
• Czech January car production lowest since 2014
• Sweden, India partner to tackle issues regarding safe and sustainable transportation
• Toll collections through FASTags inch closer to 90%
• Baidu says has decided on a CEO and brand for its EV company with Geely
• Companies in India likely to give 7.3% average increment this year: Survey
• Commercial markets across India to remain shut on Feb 26: Traders' body CAIT
Oil & Lubes
• Oil India, EIL consortium to bid for BPCL's stake in Numaligarh refinery
• Crude oil futures rise by Rs 69 on spot demand
• IOC signs pact with Greenstat Norway for hydrogen fuel
• India urges OPEC+ to ease production cuts
• Big freeze in Texas is becoming a global oil market crisis
• Delhi: Petrol reaches Rs 89.88 per litre, diesel Rs 80.27 per litre
Aftermarket
• Carlyle invests $200 mln in S.Korea's Kakao Mobility, valuing it at $3.1 bln
• Uber faces UK Supreme Court ruling on worker rights in gig economy test
• Self-Drive two-wheeler rental company Vogo raises USD11.5 million for EV expansion
• The Gig Economy Is Coming for Millions of American Jobs
Auto Technology
• Lidar maker AEye to go public via $2 billion deal with Cantor-backed SPAC
• Waymo brings robo-taxis to San Francisco in new test
 
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