【Weekly Automotive Newsflash】-25/3
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Top Stories
• There wont be Lack of Leadership at Leyland Till We Find a New CEO
• Yamaha eyes 10% market share in Indian 2-wheeler segment in 5 yrs
• Maruti Suzuki cuts production by a quarter on slow demand in Indian markets
• vehicle sales growth likely to skid to lowest in 5 years in 2019
• Maruti cuts vehicle production by over 8% in February
• Hyundai, Kia invest USD 300 mn in Ola for EVs, smart mobility solutions
• Daimler India Commercial Vehicles to launch 50 new products in 2019
• GM considers options for its Lyft stake following IPO
• Tesla likely to be in India by 2019-2020
• Tata Tiago enters top 10 selling passenger vehicles in Feb
• Karnataka suspends Ola permit for six months over bike taxis
Industry
• Trump urges General Motors to reopen Ohio plant in tweet
• Low inflation in Southeast Asia puts analysts on rate-cut watch
• China announces plans to stabilise growth amid trade war with US
• India to seek better deal for exporters under FTAs: Commerce Secy
• Ford shifting 550 jobs to boost SUV production in Kentucky
• GM to invest $2.7 bln in Sao Paulo, Brazil factories over 5 years
• Nvidia, Israel’s Cognata to partner on self-driving simulations
• Mexico and Brazil reach light-vehicle free trade agreement
• China’s Geely says 2018 net profit climbs 18% on higher revenue
• Musk’s lawyers say U.S. SEC has not met heavy burden to show contempt
• China’s Geely says 2018 net profit climbs 18% on higher revenue
• Musk’s lawyers say U.S. SEC has not met heavy burden to show contempt
Passenger Vehicle
• Elon Musk flashes teaser of Tesla cyberpunk truck inspired by Harrison
Ford’s ‘Blade Runner’
• BMW, Varta apply for funds in battery cell push for e-cars
• From California to Oslo: foreign subsidies fuel Norway’s e-car boom, for now
Commercial Vehicle
• Delhi: Hi-tech bus to help top cops respond to terror on the move
• Ashok Leyland receives LEED v4.1 Platinum certification
Aftermarket
• App-based cab kiosks, pick-up points at metro stations
• BMW India launches aftersales benefit programme
• Uber to Seal $3.1-B Deal to Buy Careem This Week
• Alibaba, Tencent, car makers set up $1.5B China ride-hailing venture
Auto Components
• Uncertainty over China, global growth hits prices, zinc volatile
• Liberty gets 30 days to pay for Adhunik Metalliks acquisition Germany’s
• Leoni scraps 2019 profit target, unveils job cuts
• Volkswagen, Northvolt to join forces for battery research
• Indonesia, China slap anti-dumping duties on each other’s steel products
Tyres
• MRF CMD K M Mammen elected as ATMA Chairman
Auto Technology
• Boring Co gets closer to building Las Vegas tunnels
• Valeo invests Rs 25 crore for R&D test lab facility
• Tesla accuses former employee of stealing self-driving tech and giving it to Chinese rival
Two Wheelers
• Hero Cycles to launch bicycle priced at Rs 1,999
• Hankook workers end strike for higher wages in Hungary
• Ather Energy to install 200 new charging points in 2019
Oil & Lubes
• Iran’s oil minister blames US for market tensions
• Oil prices near 2019 highs amid OPEC supply cuts, US sanctions
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