Morning Daily - 2021-04-30

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ETAuto Newsletter | Friday, April 30, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Tyres | Industry | Oil & Lubes | Commercial Vehicle
Top Stories
• Pratap Bose quits Tata Motors as global design head; Martin Uhlarik takes over
• Schaeffler India lines up INR 1,200 crore 3-year Capex
• Rahul Bajaj resigns as non-executive director and chairman of Bajaj Auto
• Maruti MD & CEO Kenichi Ayukawa tests Covid-positive
• Honda 2Wheelers to halt production across all 4 plants for 15 days
• Bajaj Auto records marginal gain in Q4 net profit on high input costs
• Passenger vehicle sales to see 11% drop in April
• Companies shut plants, cut output to cope with fall in demand
• Ford to decide on India investment plan in second half of 2021
• COVID: Escorts to halt manufacturing during May 1-3
• China drafts rules to secure data from connected vehicles
• Global chip shortage plaguing auto makers expected to worsen MarketWatch
• Global electric vehicle sales to rise on back of growth in 2020 | ESI-Africa.com
• How To Start Your Career Off Right, In The Most Promotable Way Forbes
• Work From Home Is The New Normal For Workers Around The World Forbes
Passenger Vehicle
• GM will launch recall fix for 69,000 Bolt EVs
• Amid confusion, NTSB to release report on Texas Tesla crash as soon as possible
• Faraday Future signs Velodyne as exclusive lidar supplier for luxury EV
• 2022 Honda Civic breaks cover globally
• Ford posts surprise $3.26B 1Q profit; chip shortage looms
• United Auto Workers presses GM, Ford on unionizing battery plants
• Stellantis to halt production again at Italian plant in May, union says
• Huawei deepens dive into EVs, seeks control of small automaker: Sources
Two Wheelers
• Italy's Piaggio posts best-ever first-quarter results
Auto Components
• Copper prices hit $10,000 for first time in a decade
• STMicro advances key sales target by two years
• Italy's Brembo to buy Spanish motorcycle brake maker for 70 mln euros
Industry
• Bitcoin is facing a make-or-break moment, technicals show
• Auto sales to remain under pressure, recovery to start from Q2 this fiscal: Emkay Global
• Global EV sales accelerating, but government help needed: IEA
• J&K HC quashes order asking for re-registration of outside vehicles
• ICRA cuts growth forecast to 10-10.5% from 10-11% earlier
• India's GDP to grow at 11% this fiscal, fresh virus spike may put recovery at risk, says ADB
Oil & Lubes
• India's COVID-19 crisis may lead to oil supply glut - Rystad Energy
• Asia's No. 2 fuel guzzler eyes more exports as pandemic hits fuel demand
• Fuel prices unchanged, revisions expected post polls
Commercial Vehicle
• Daimler, Volvo plan hydrogen fuel cell production in Europe in 2025
Aftermarket
• Uber to recruit 20,000 UK drivers on post-lockdown demand
• Uber introduces new Valet feature to make renting a car effortless
• China's Baidu to launch paid driverless ride-hailing services in Beijing
Automotive
• Caterpillar beats earnings estimates as global recovery boosts sales
 
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