【Weekly Automotive Newsflash】-18/3
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Top Stories
• After 5 years of growth, SUV sales hit a bump
• Tyre maker BKT working on Rs 2,000 cr expansion plan in India
• Tata Motors’ JLR recalls 44,000 cars over CO2 emission levels
• Audi Plots Overhaul to Regain Lost Ground to BMW, Mercedes
• SoftBank, Toyota in talks to invest $1 billion in Uber’s self-driving unit: Sources
• ‘Amaze is doing the job well for first-time buyers’ @businessline
• M&M chief dwells on the challenges ahead of BS VI @businessline
• Filling the crucial gap to fuel India’s global drive @businessline
• Musk Says Tesla ‘Would Love to Be’ in India This Year or Next
• NATRAX likely to see 10 more auto giants by Dec
• Car companies cut production
• DGCA (finally!) grounds all Boeing MAX planes. Are you among the 17,000-odd likely to face chaos today? Find out here. ET Prime
• Ford CEO Jim Hackett earned $17.1 million in 2018
• Elon Musk unveils Model Y electric SUV, the much-awaited crossover from Tesla
• Toyota investing $749 million in five U.S. plants, adding 586 jobs
• Audi seeks closer ties to Porsche in cost-cutting drive
• SEC charges Volkswagen, former CEO with defrauding investors
• Uber plans to kick off IPO in April: Sources HBL
• Fortum to power India’s electric vehicles, plans 700 charging points Business-standard.com
• Job Search 2.0: Forget CV Writing And Master Your Personal Brand Forbes
• Are You A Gen-Z’er? Consider These Factors On Your Job Hunt Forbes
Industry
• MSME sector added up to 14.9 million jobs per annum in last four years, claims CII survey
• ‘Brexit in peril’ as PM May faces heavy defeat
• US, China to observe market forces on currencies: PBOC
• Tesla Gets $520M Funding for First Chinese Plant
• China industrial output growth falls to 17-yr low, more support steps expected
• Urgent need to address threat to employment due to technological advancement: Kant
• BMW warns of difficult 2019 as it posts lower 2018 profit
• European car registrations fall 0.9 percent in February
• Honda says Brexit delay must be purposeful and long enough to give stability
• Engineers develop cheap, simple tests for car emissions
• Trump warns of ‘severe’ consequences if EU won’t hold trade talks
• Aston Martin boss’ total remuneration stands at three million pounds in 2018
• India to seek better deal for exporters under FTAs: Commerce Secy Anup Wadhawan
• Govt banking on advance tax collection to meet direct tax target of Rs 12 lakh cr
• India sets “aspirational” target for engineering exports at USD 200 bn by 2025
• EEPC signs MoU with Malaysian body for auto sector
• German parliament approves exemptions from diesel bans to incentivise retrofits
• China customs lifts suspension on Tesla Model 3 imports
• Volkswagen may face U.S. SEC lawsuit over failure to disclose emissions cheating
• BMW and Daimler seek 7 bln euros savings from shared platforms: Reports
• China growth mystery scares global economy in weakest shape in years
• Niti Aayog CEO Amitabh Kant to head transformative mobility panel
• Auto shares in the green; Bharat Forge up 2%
Passenger Vehicle
• Morris Garages MG Hector with eSIM, own OS to launch soon
• Bid goodbye to traffic, Intel top boss says flying cars will become reality in five years
• Auto woes drive dip in German industrial output
• Tesla to raise vehicle prices, keep more stores open
• Nissan’s Infiniti to exit western Europe early next year
Commercial Vehicle
• BMTC to knock on SC door on diesel bus buy
• Erickshaws show the way in tier II-III cities
Aftermarket
• App-based autorickshaw services in city help reduce dead mileage
• Uber, Travis Kalanick in business again. This time, as rivals
• Drivezy in talks to raise USD 100 mn funding, eyes international expansion
• Steelbird forays into tech space; launches social networking app
• RTOs continue to seize bike-taxis in Chennai
• Cycle project beats poll code but your ride cant start
Auto Components
• Bosch aims to mop up 1/3rd revenue of 2-wheeler segment from India
• Standard Chartered, Ruias to appeal in NCLAT against Essar order
• Versa Drives gets investment from Japanese Murata Manufacturing
• Homecoming costs Lakshmi Mittal $7 billion in year of legal drama
• NCLAT asks Ruias to first clear all dues of nearly Rs 1.4 lakh crore to consider its bid for Essar steel
Tyres
• Apollo Tyres expects returns from investments in Europe, India by 2021
• BorgWarner unveils Intelligent Cam Torque Actuation to improves fuel economy
Auto Technology
• Cheaper infrared cameras for self-driving cars, phones in the offing
• Nvidia Corp to buy Mellanox Technologies for $6.8 billion
• Virtual pedestrians pave way to safer roads for driverless cars
• Soon, your car may become almost theftproof, thanks to this new technology
Two Wheelers
• Yamaha Motor unveils 155 cc bike MT-15 at Rs 1.36 lakh
• Harley looks to consolidate position in big bike segment in India
Oil & Lubes
• Oil rises as OPEC’s output cuts set to continue, U.S. drilling activity slumps
• Petrol prices on Sunday up 9-10 paise
• Oil companies maintain check, petrol and diesel may remain soft till elections end
• World’s biggest sovereign wealth fund to decide on dumping oil
• China’s crude oil, natural gas imports rise from a year earlier
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