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The Global Automotive Parts Packaging Market is expected to grow from USD 7,410.89 Million...
New York, July 13, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Automotive Parts Packaging Market Research Report by Product, by Packaging, by Component - Global Forecast to 2025 - Cumulative Impact of COVID-19" - https://www.reportlinker.com/p05913444/?utm_source=GNWOn the basis of Product, the Automotive Parts Packaging Market is studied across Bags & Pouches, Corrugated Boxes, Crates, Folding Carton, Pallets, Protective Packaging, Reusable Containers and Cases, and Trays.On the basis of Packaging, the Automotive Parts Packaging Market is studied across Disposable and Reusable.On the basis of Component, the Automotive Parts Packaging Market is studied across Automotive Filter, Battery, Cooling System, Electrical Components, Engine Components, Lighting Components, and Underbody Components.On the basis of Geography, the Automotive Parts Packaging Market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas region is studied across Argentina, Brazil, Canada, Mexico, and United States. The Asia-Pacific region is studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, South Korea, and Thailand. The Europe, Middle East & Africa region is studied across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom.Company Usability Profiles:The report deeply explores the recent significant developments by the leading vendors and
India's existing data privacy laws are inadequate in protecting people's information
India's recent ban of dozens of Chinese mobile apps gives local start-ups some leeway to develop products to replace the affected services, but the country's existing data protection laws are inadequate, the legal director for the Software Freedom Law Center said Monday.
The Indian government banned 59 Chinese apps in late June, citing security concerns. That move was received favorably by some local start-ups that have struggled to carve out space in a highly competitive landscape against global tech giants.
"This ban has given a little bit of a longer runway to the Indian homegrown markets and the apps, which are developed in the market itself, considering TikTok was so popular," Mishi Choudhary said on CNBC's "Street Signs Asia."
"But, again, it only gives them leeway for a little while because they will also have to come up with products which have a user interface or the ease of usability just like the apps they would like to replace," she added.
India lacks data protection laws
Critics have raised concerns over the personal information collected by apps that are made by both international and domestic companies in India.
Choudhary explained that the country does not even have a basic data protection bill yet. India does have the Information Technology Act — passed in 2000 by parliament and amended in 2008 — which governs the digital space.
"It does not adequately protect either the people, all the data of the people, and does not lay out a framework, which is required, whether you're an American app, you're a Chinese app, or you're an Indian app and lays down the rules and the regulations about it," Choudhary said about the existing law.
India currently has a comprehensive personal data protection bill that is under discussion in a joint parliamentary committee, which is said to be similar to the European Union's General Data Protection Regulation. If it is passed in parliament, it will set the rules on how personal data is processed, stored, and used; it will also spell out what people's rights would be.
"Nothing has happened so far and no movement has been made in terms of where the data protection bill stands," Choudhary said, adding in its absence, apps have very few rules in place to comply with and that people are "relying on our own ingenuity about protecting our own data."
Reuters reported last week that a draft report seen by the news wire recommended India should set up a data regulator and require firms to reveal how they collect and store non-personal data.
India's efforts to establish regulatory practices are tied to how attractive the market is for global tech companies which have poured billions of dollars in investment and dominate areas like messaging, e-commerce, social networks and video sharing. For starters, a majority of India's 1.3 billion people are still not using smartphones while many of the country's young population are technologically savvy.
The country is "a very, very attractive place," Choudhary said. "That is why we've seen immense amounts of investments and partnerships also growing in India."
Tesla cuts Model Y price and cancels standard range version
The new Tesla Model Y is introduced. Tesla has expanded its model range to include an SUV based on the current Model 3.
Hannes Breustedt | picture alliance | Getty Images
Tesla cut the price of its newest offering, the Model Y, by $3,000, just four months after starting deliveries to customers. On Sunday, CEO Elon Musk also said the company was cancelling plans to produce a less-expensive standard-range version of the crossover SUV, saying that its expected range of less than 250 miles would be "unacceptably low."
Now, the lowest-priced Model Y, the long-range all wheel drive version, starts at $49,990, according to Tesla's website. The standard-range version would have started at $39,000.
The Model Y moves indicate demand for Tesla's electric vehicles is flagging in the company's home base of the United States, says Vicki Bryan, CEO of investment research firm Bond Angle.
According to Bond Angle estimates, Tesla faced more than a 50% drop in demand for its Model 3 sedans in the U.S. in the second quarter, and has yet to see high demand for the Model Y since launching it, despite positive reviews by auto critics.
Selling Model 3s for the first time in China, where Tesla operates a plant in Shanghai, helped its second-quarter numbers. Tesla said it delivered about 90,650 vehicles in the second quarter, beating analyst estimates. But Tesla has been combining Model 3 and Model Y totals in its vehicle production and delivery reports at the end of each quarter, so there's no easy and precise way for shareholders to gauge the success of the Model Y.
Also, Tesla has never disclosed how many pre-orders came in for the Model Y. Musk and Tesla have in the past talked about pre-orders for other vehicles including the Model Y's predecessor, the Model 3, and successor, Cybertruck.
Bond said, of Tesla's Model Y moves this week: "This seems to confirm my concerns that Model Y actually isn't profitable, as Musk has claimed. Even after effectively narrowing its Model Y offering Tesla still needs to lower price to encourage demand."
Tesla shares have rallied dramatically over the past two weeks on speculation that the company will report a profitable second quarter -- its fourth consecutive quarter in the black, and first full year of reported profits. This achievement would meet one of the main requirements for inclusion in the S&P 500.
Tesla CEO Elon Musk sent multiple emails to his tens of thousands of employees last month, some of which leaked and helped convince investors profitability is nigh. But the emails also revealed Tesla's struggles to make the Model Y a success.
In an e-mail sent June 6, Musk wrote:
"It is extremely important for us to ramp up Model Y production and minimize rectification needs. I want you to know that it really makes a difference to Tesla right now.
Model Y, especially GA, is the top priority for both production and manufacturing engineering. GA4 is also top priority for facilities improvements. For those working in GA4, thank you for bearing with tough conditions. Will get better fast. I will be walking the line personally every week.
We are doing reasonably well with S, X and 3, but there are production and supply chain ramp challenges with Model Y, as is always the case for new products.
Please let me know if there's anything I can do to help."
In another email sent June 29, Musk wrote:
"Breaking even is looking super tight. Really makes a difference for every car you build and deliver. Please go all out to ensure victory!"
US Navy battles for second day to save burning warship in San Diego
SAN DIEGO (REUTERS) - Hundreds of firefighters battled through a second day from the air, land and water on Monday (July 13) to save a US war vessel swept by flames while moored at a San Diego shipyard, as the number of sailors and civilians injured in the blaze rose to nearly 60.
The USS Bonhomme Richard, an amphibious assault ship whose size ranks second in the US Navy fleet to that of an aircraft carrier, remained largely shrouded in thick, acrid smoke on Monday as the vessel began listing to its starboard side.
The fire, accompanied by at least one large explosion, erupted Sunday morning in the lower cargo hold of the 257 metre ship, docked for routine maintenance at its home port at US Naval Base San Diego.
Since then, flames have spread upward throughout much of the ship and into the tower and other structures on the top of the vessel, Rear Admiral Philip Sobeck told a late-morning news conference.
Because it was undergoing repairs at the time, only about 160 of the ship's usual contingent of 1,000 crew members were aboard at the time, and all major munitions had already been removed from the vessel as a standard safety practice, Navy officials said.
Helicopters dropped water over the ship throughout Monday while fire boats on the perimeter streamed water on the hull to cool it from the outside. San Diego fire crews discontinued blasting water into the ship from shore, apparently out of concern for destabilising the vessel's buoyancy.
Asked whether the ship might be burned beyond repair, Sobeck said he was "hopeful" it could be spared. "Once we get the fire out, which is our priority, then we'll make that assessment."
The fire's cause was unknown, but a Navy spokesman told Reuters there was no evidence of foul play.
The Navy said 36 sailors and 23 civilians had been treated for minor injuries, including heat exhaustion and smoke inhalation, and no personnel remained hospitalised.
The Bonhomme Richard, commissioned in 1998, is designed to carry US Marine Corps attack helicopters and ground troops into battle.
China Bourse Tipped To Open In The Red
(RTTNews) - The China stock market bounced higher again, one session after ending the eight-day winning streak in which it had accelerated more than 390 points or 12 percent. The Shanghai Composite Index now sits just beneath the 3,445-point plateau although it's likely to see renewed selling pressure on Tuesday. The global forecast for the Asian markets is mixed to lower, with technology stocks expected to weigh heavily - while growing coronavirus concerns add to the negative sentiment. The European markets were up and the U.S. bourses were down and the Asian markets figure to follow the latter lead. The SCI finished sharply higher on Monday following gains from the oil companies and mixed performances from the financials, properties and insurance stocks. For the day, the index advanced 59.96 points or 1.77 percent to finish at 3,443.29 after trading between 3,369.04 and 3,458.79. The Shenzhen Composite Index surged 78.39 points or 3.48 percent to end at 2,329.40. Among the actives, Industrial and Commercial Bank of China eased 0.19 percent, while Bank of China collected 0.54 percent, China Construction Bank sank 0.76 percent, China Merchants Bank rose 0.13 percent, China Life Insurance skidded 1.52 percent, Ping An Insurance was up 0.02
