WAF Gurus Live 10 : Buy Vs Lease Vs Hire Vs Subscribe : The New Consumer

WAF Gurus Live 10 : Buy Vs Lease Vs Hire Vs Subscribe : The New Consumer

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Top Mobility Gurus in the House.
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For Any Help or Query, please connect with Mr Jerry at jerry@waf.bz , 8368746841 , Team World Auto Forum

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Coronavirus raises stakes as auto unions ready for a fight

Coronavirus raises stakes as auto unions ready for a fight

PARIS/FRANKFURT (Reuters) – The coronavirus crisis has forced carmakers to speed up layoffs that must be matched with hefty payouts and deft negotiation to retain the support of powerful trade unions vital if Europe’s auto industry is to manage a shift to low-emission vehicles.

Because of the COVID-19 pandemic and a broader economic slowdown, demand for light vehicles is expected to shrink by 36 million globally by the end of 2022, consultants AlixPartners found.

For this year alone, this is equivalent to a market the size of Europe disappearing, AlixPartners said.

The contraction increases an existing threat to jobs from electric cars, which are quicker and easier to build than those with combustion engines and which have German and French government backing as the countries strive for a green recovery.

“Once the consensus between labour leaders and management has broken down, it is extremely difficult to implement restructuring in Europe,” Stefan Bratzel, a professor at the Centre of Automotive Management in Bergisch Gladbach, Germany, said.

Continue reading “Coronavirus raises stakes as auto unions ready for a fight”

WAF Gurus Live! 9 : How to Prevent and Fight Cyber Attacks

Global Cyber Attacks at Honda | China gets Super Normal | Board Changes at Toyota | PM Modi peps up India Inc and More

World Auto Forum brings to you Impactful, Uplifting & Empowering News from the Global Auto & Mobility World Every Week


INDIA AUTO NEWS

PM Modi to India Inc: ‘Time for bold investments, not conservative decisions’ Livemint

For second day, coronavirus recoveries in India surpass active cases Livemint

Tata AutoComp partners Tellus Power Green on EV infrastructure Livemint

Honda Motorcycle And Scooter India Affected By Cyber Attacks; Production Schedule Adjusted carandbike

How Maruti Suzuki is making a case against diesels using a cost calculator Autocarindia

Petrol, diesel price hiked for 5th day today. Check latest rates in top cities Livemint

Uber launches hourly rentals in 17 Indian cities Autocarindia

Coronavirus Pandemic: Honda Introduces Easy Car Finance Options For Customers carandbike

Google Maps gets COVID-19-related features Autocarindia

MG India partners with Tata Power to create fast chargers Autocarindia



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WAF Gurus Live 6 Mental Health Special “Minding our Mind During the COVID Era”
WAF Virtual Exhibition

Connected Vehicles Landscape @ India by Vijay Sethi, CIO, CHRO & Head CSR – Hero MotoCorp #Wafit2020




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Win in the Global Auto Industry in 2020. Partner us Today!

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World Auto Forum – Across 125 Countries

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Germany will require all petrol stations to provide electric car charging

Germany will require all petrol stations to provide electric car charging

The move could provide a significant boost to electric vehicle demand along with the broader stimulus plan which included taxes to penalise ownership of large polluting combustion-engined sports utility vehicles and a 6,000 euro subsidy towards the cost of an electric vehicle.

Germany’s announcement follows a French plan to boost electric car sales announced last week by President Macron.

“It’s a very clear commitment to battery-powered vehicles and establishes electric mobility as a technology of the future,” energy storage specialist The Mobility House, whose investors include Daimler (DAIGn.DE) and the Renault-Nissan-Mitsubishi alliance, said.

“Internationally this puts Germany in the leading group of battery electric vehicle support.”

Continue reading “Germany will require all petrol stations to provide electric car charging”

Migrant Workers Exodus: Whose fault is it Anyway?

Migrant Workers Exodus: Whose fault is it Anyway?

by Anuj Guglani , CEO , World Auto Forum

 

•The Great Migrant Exodus

•How Many Affected : 10 Million or Much More ?

•How many killed : Hundreds. Major causes : Dehydration, Starvation, Fatigue & Road Accidents

•Could it have been prevented ?

The lockdown was announced unannounced on 24 March. Overnight everything was shut. Factories, Offices, Trains, Airports, Ports. Yes thats what Lockdown is! Never seen in India’s history. So no precedence, no reference!

The Quasi Federal Structure of our country could empower the Central Govt to do it. USA took a while to go in lockdown as they are pure federal. There, each state governor needs to ratify. Here it was just one Man’s speech and its done.

So what pushed the migrant workers to leave. The straight answer is No Money, No food, no shelter. They are the first to bear the axe. They have no Permanent employment, No EPF, no nothing. Living for the day, day in and out.

Continue reading “Migrant Workers Exodus: Whose fault is it Anyway?”

‘Enough is enough’: South African opposition leads protests outside U.S. missions

‘Enough is enough’: South African opposition leads protests outside U.S. missions

PRETORIA/JOHANNESBURG (Reuters) – Demonstrators gathered outside U.S. missions in South African cities on Monday to condemn the killing of George Floyd, the black man whose death in police custody has set off a wave of protests worldwide and ignited a debate about race and justice.

Protesters led by opposition party the Economic Freedom Fighters (EFF) carried placards saying “Black Lives Matter” and “Black people are not slaves” outside the U.S. Embassy in Pretoria and consulates in Johannesburg and Cape Town.

The leader of the ultra-left EFF, Julius Malema, told a crowd of several hundred protesters outside the embassy that it was important for South Africans to stand in solidarity with African Americans.

Continue reading “‘Enough is enough’: South African opposition leads protests outside U.S. missions”

Ford re-evaluates office space in coronavirus world

Ford re-evaluates office space in coronavirus world

DETROIT (Reuters) – Ford Motor Co (F.N) is re-evaluating how much office space it needs for white-collar workers as restrictions put in place during the coronavirus pandemic are eased and employees return to workplaces.

In March, Ford, General Motors Co (GM.N) and Fiat Chrysler Automobiles NV (FCA) (FCHA.MI)(FCAU.N) told salaried employees to work from home to prevent the spread of COVID-19.

Ford brought back 12,000 salaried employees last month, and others have been told they can work from home until September, spokeswoman Marisa Bradley said. Given potential workplace changes caused by the outbreak, a facility consolidation the No. 2 U.S. automaker had already launched could accelerate.

“If we know we are going to have a smaller population that’s going to come back to work, we could look at maybe shrinking our footprint,” Bradley said.

U.S. companies are wrestling with who can work from home and how much office space is necessary.

Continue reading “Ford re-evaluates office space in coronavirus world”

The Auto World this Week at India, Asia, US, China, EU 🚌 🚙 🚚 🚲

 

World Auto Forum brings to you Impactful, Uplifting & Empowering News from the Global Auto & Mobility World Every Week 


INDIA AUTO NEWS

Reopening supply chains a Herculean task now: Rajiv Bajaj tells Rahul Gandhi Livemint

FADA Wants Manufacturers To Increase Fixed Dealer Margin To 7% Of Selling Price carandbike

All-new GWM Haval B06 SUV revealed Autocarindia

Maruti Suzuki Launches Safety Accessories To Battle COVID-19 carandbike

Centre right in announcing relief package for small industries, farmers and migrant workers: Bosch Jt MD The Hindu Business Line

How COVID-19 has changed car servicing Autocarindia

Auto sales data for May shows gradual pickup in demand Livemint

MG Motor India Sanitises More Than 3000 Police Vehicles In 29 Days carandbike

Volkswagen T-Roc almost sold out in India Autocarindia

Hyundai expects more customers to buy cars through digital platforms Livemint

2021 Toyota Fortuner facelift revealed Autocarindia

Hero Electric Sued By Honda Motor Over Electric Scooter Design Infringement carandbike



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Saturday Night Fever with Black Slade Enhanced Sound Version

Detroit CEOs speak out against racism, vow to make changes, right social wrongs

WAF Gurus Live! : 5 PM – 6 PM Sat 11 April, Legal Compliances and Protection During & After Lockdown




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Win in the Global Auto Industry in 2020. Partner us Today!

Gerald Louis “Jerry”, +91 8368746841, jerry@waf.bz
Mohini Jaisinghani, +91 9818168778 , mohini@waf.bz
Anuj Guglani, +91 9810552425, anuj@waf.bz

World Auto Forum – Across 125 Countries

All Here : https://WorldAutoForum.com

India

D-1/25 Ground Floor, Vasant Vihar

New Delhi – 110057

USA

2232, South Main Street

Suite 250 Ann Arbor, MI 48103 Detroit


 

Corona and Zorba the Buddha

Corona and Zorba the Buddha

by Anuj Guglani, CEO, World Auto Forum

 

Corona means different things to different folks round the world.

On one hand, you have a few defiant industrialists who complain India got the strictest and an unwanted lockdown so early on, just to be opened up and eased out with rising cases. On the other, we have Mukesh Ambani raising US$ 7 billion from Global Investors during the same Period. Period!

There are developed nations of the west emulating Anti Covid measures of the Govt of India, of which many we began more than 2 months back.

You have the upper middle & elite class go overboard on cooking, baking, partying, binge netflixing, zooming and you have migrant workers walking 200 km without food and much water and collapsing on the roadside to die, including pregnant women.

There are companies donating to PM Cares fund and the same ones also firing their own employees citing, ‘No Money’. The law of the land allows these companies to donate their CSR Fund but stops them to use the same funds for paying salaries and if done, company directors can face arrest, prosecution and ouster! Ha ha ! Do we really need Kapil Sharma to make us laugh?

Continue reading “Corona and Zorba the Buddha”

Nissan warns UK plant ‘unsustainable’ without EU trade deal: BBC

Nissan warns UK plant ‘unsustainable’ without EU trade deal: BBC

LONDON (Reuters) – Nissan’s (7201.T) car manufacturing plant in Sunderland, northern England, which employs 7,000, is “unsustainable” if Britain leaves the European Union without a trade deal, it said on Wednesday.

Ashwani Gupta, the Japanese company’s global chief operating head, told the BBC its commitment to the car plant, the United Kingdom’s largest, could not be maintained if there was no tariff-free access to the bloc.

The EU is the biggest market for the factory, which made just under 350,000 vehicles last year and builds the Qashqai, Juke and Leaf models.

 “You know we are the number one carmaker in the UK and we want to continue. We are committed. Having said that, if we are not getting the current tariffs, it’s not our intention but the business will not be sustainable. That’s what everybody has to understand,” Gupta told the BBC.

The United Kingdom left the EU on Jan. 31 but the main terms of its membership remain in place during a transition period until the end of this year, allowing it time to negotiate a new free trade deal with the bloc. However, the talks are at an impasse.

Continue reading “Nissan warns UK plant ‘unsustainable’ without EU trade deal: BBC”

German auto stimulus to boost VW’s electric push

German auto stimulus to boost VW’s electric push

BERLIN/FRANKFURT (Reuters) – Germany unveiled sweeping incentives for cheap electric cars, providing a boost to Volkswagen’s (VOWG_p.DE) electric push while penalising heavy sports utility vehicles (SUVs) with new staggered taxes for polluting combustion-engined cars.

Buyer incentives for passenger cars, including a lowering of value added tax (VAT) to 16% from 19% were included as part of a 130 billion euro ($145.74 billion) stimulus but analysts said it would not be enough to significantly boost car demand.

“The lowering of VAT will hardly provide an impetus,” said Peter Fuss, a partner at EY, adding that electric cars are still too much of a niche product to lift the overall market.

Germany included a 6,000 euro incentive for battery electric cars costing below 40,000 euros, bringing consumer incentives for electric cars to 9,000 euros once a 3,000 euro manufacturer stipend is included. [nL8N2DH2E8]

Continue reading “German auto stimulus to boost VW’s electric push”

Renault finalises 5 billion euro state-backed loan

Renault finalises 5 billion euro state-backed loan

PARIS (Reuters) – Renault (RENA.PA) finalised on Wednesday a 5 billion euro ($5.60 billion) loan from with the French government, strengthening the carmaker’s finances in the wake of the coronavirus pandemic which has ravaged the auto industry.

Renault said that the credit facility carried a guarantee from the French state – which owns a 15% stake in Renault – of up to 90% of the total amount borrowed.

 Banks BNP Paribas (BNPP.PA), Credit Agricole (CAGR.PA), HSBC France (HSBA.L), Natixis (CNAT.PA) and SocGen (SOGN.PA) were involved in the credit deal.

Renault also said in a statement that the loan would help finance the company’s liquidity requirements.

 The carmaker announced last week plans to cut about 15,000 jobs worldwide, including 4,600 in France, where the company will seek voluntary departures and use retirement schemes.

The announcement sparked weekend protests at some factories, including at Maubeuge in northern France, although Renault’s chairman Jean-Dominique Senard has pledged the site will not be closed.

($1 = 0.8925 euros)

Reporting by Sudip Kar-Gupta and Matthieu Protard; Editing by Keith Weir and Louise Heavens

Heads of U.S. automakers, other Michigan companies condemn racism, injustice

Heads of U.S. automakers, other Michigan companies condemn racism, injustice

DETROIT, June 3 (Reuters) – Top executives of the Detroit Three automakers and other major Michigan employers on Wednesday condemned racism and injustice in the United States following the death last week of an unarmed black man at the hands of Minneapolis police, carefully joining a charged national debate.

General Motors Co Chief Executive Mary Barra, Ford Motor Co Executive Chairman Bill Ford, and Fiat Chrysler Automobiles NV (FCA) North America Chief Operating Officer Mark Stewart were among the nine executives who called for independent prosecution of those involved in Floyd’s death, and agreed to invest in programs and policies to help transform communities with racial disparities.

“We unequivocally condemn intolerance,” Barra said at the event at Detroit’s municipal office which was livestreamed. “When hatred exists in our house, we will root it out.”

Barra said inclusion would be GM’s guiding principle, and called on GM employees to speak up and tell her what needs to be done. “We want to be part of meaningful, deliberate change,” she said. “We will act.” Barra said earlier this week she will form a new “inclusion advisory board” to advise the company’s top executives.

Continue reading “Heads of U.S. automakers, other Michigan companies condemn racism, injustice”