【Weekly Automotive Newsflash】-25/3

Welcome to DACARE Auto, a platform in which you could get the newest information about Automotive industry.

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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