Automobile news (21-2-20)

🔘Passenger Vehicle

🔶Volkswagen CFO set to leave in June 2021
🔷Thai Jan domestic car sales fall 8.2% YoY
🔶MG Motor India claims SUV Hector bookings cross 50,000 units
🔷Daimler slims down Mercedes management in efficiency drive
🔶Japan govt to work with carmakers, suppliers to minimise virus impact
🔷General Motors gets tax break for new plant next to factory it closed
🔶Renault shares fall after Moody's cuts its debt to junk status
🔷France steps up investigation around Carlos Ghosn

🔘Commercial Vehicle

🔶Punjab vigilance detects tax evasion by transporters plying buses on long routees
🔷Mexican truck and bus output backfires on doubts over diesel rule

🔘Aftermarket

🔶Japan's MUFG to invest 80 bln yen in Singapore's Grab

🔘Tyres

🔷Italian tyremaker Pirelli maps route to margin growth

🔘Oil& Lubes

🔶Oil firms on supply threats and easing demand woes
🔷Opec confirms March meeting date, ending Saudi- Russia tussle
🔶Malaysia to fully implement B20 biodiesel programme by mid-2021
🔷Most BPCL employees won't be impacted by privatisation, claims top official