Morning Daily - 2021-02-25

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ETAuto Newsletter | Thursday, February 25, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Industry | Tyres | Oil & Lubes | Commercial Vehicle
Top Stories
• Can PSA Group maneuver through an unimpressive history to break the jinx for European carmakers?
• Bosch invests INR 800 cr to transform its Bengaluru location into smart campus
• Suzuki Motor says 91-year-old chairman to retire
• Export a new opportunity for construction equipment industry
• Hyundai to enter 7-seater premium SUV space in India with Alcazar launch this year
• SC sets aside NCDRC order of liability on Tata Motors for defective car
• 50% Volvo Cars to be EV by 2025
• 2021 Maruti Suzuki Swift launched at Rs 5.73 lakh
• Chipmakers in drought-hit Taiwan order water trucks to prepare for 'the worst'
• Scania appoints Christian Levin as CEO
• Online platforms emerging as preferred marketplace for vehicle buyers: Survey
• Michelin tyres to be 100% sustainable by 2050
• Geely Auto and Volvo Cars to launch powertrain venture after merger scrapped
• Suzuki Motor chairman, president to hold news conference on management plan
• After Springsteen drunken-driving charge dropped, Jeep Super Bowl ad back online Detroit Free Press
• Report: Spains Second Largest Bank BBVA Plans To Cut 3,000 Jobs Forbes
• Google Offers New Short-Term Training Certifications Leading To High Paying Jobs Forbes
Passenger Vehicle
• Ferrari to rejoin world endurance championship in 2023
• Apple supplier Foxconn teams up with Fisker to make electric vehicles
• Hyundai Motor to replace battery systems in costly electric car recall
• Hyundai Motor to recall Kona EV and other electric vehicles in South Korea
• Stellantis CEO says costs at Italian car plants higher, but not due to labor, sources say
Two Wheelers
• Many shift to e-scooters as fuel prices soar
Policy
• Punjab Cabinet okays amendment to simplify realisation of Motor Vehicle Tax
Auto Components
• Samsung SDI to invest $849 million to expand EV battery plant in Hungary
Industry
• Knorr-Bremse, Lufthansa mogul Thiele dies at 79
• Biden to review key supply chains after semiconductor crunch
• Safexpress collaborates with IBM to drive business transformation and deliver rapid growth
• Flipkart to deploy 25,000 EVs in delivery network by 2030
• Teradata Joins Open Manufacturing Platform
• Air taxi startup Joby to go public in $6.6 billion blank-check deal
• Biden to order a review of US supply chains for vital goods
• Ark Invest adds $124 million worth Tesla shares
• UP govt may fund sick MSME units to prepare their revival plan
• New Swedish venture eyes fossil fuel-free steel production in 3 years
• ABB's robots to meet post pandemic demand for workforce that never gets sick
• Tesla sinks below the price at which it entered S&P500 index
• Finance Ministry allows private sector banks for government related transactions
• India's economy likely returned to growth last quarter
• Few takers for electric vehicle charging stations in Bengaluru; Bescom to add 140
• Odisha Government directs RTOs to intensify pollution checks of vehicles
Oil & Lubes
• Exxon Mobil's total reserves drop by a third after COVID-19 oil price drop
• Petrol price hike accelerates CNG kit biz
• Petrol could hit Rs 100 in states with high VAT as 3 Wall Street banks see oil at $70
Commercial Vehicle
• Oshkosh Defense to build next-generation U.S. Postal delivery vehicles
• DICV delivers 25 BharatBenz buses to Benagaluru-based tour operator
• 'Rs 3 auto & taxi fare hike a tariff shock to consumers'
Auto Technology
• California startup targets self-driving car market with package of sensors
 
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