Volkswagen accelerates electric push as core brand margin slips

VW has brought forward its target of achieving a return on sales of 6pc to 2022, but this will also involve cutting jobsWOLFSBURG:...

Hyundai unveils Santa Fe and Grand Starex in Lahore

Hyundai Nishat Motor (Private) Limited (Hyundai) has officially unveiled its hi-end vehicles, Santa Fe and Grand Starex, in Pakistan. Both vehicles were on display...

Hyundai Nishat set to unveil two vehicles on Saturday

Hyundai-Nishat Motors is considering starting its operations with the sale of fully loaded sports utility vehicle (SUV)-Santa Fe & the second variant to be unveiled includes Grand Starex, a 12-seat light commercial vehicle (LCV) for commuting purposes

Ghandhara Nissan working on procurement of plant & machinery for automobile plant

During the financial year 2017-18, the company issued right shares to partially finance the investment for the revival of car assembly facility and allied activities for Datsun passenger car project

Hyundai-Nishat plant likely to commence production by end of 2019: Mian Mansha

The business tycoon disclosed that hybrid vehicles are already here for trial testing and there was a reasonable demand for them and will be available for sale within the next two months

SoftBank’s Vision Fund in talks to invest $1.5 billion in Chinese used car platform: sources

The fund is likely to invest up to $1.5 billion in Guazi in a deal that would value the firm at $8.5 billion before the investment, according to one of the sources, who had direct knowledge of the situation

Japan’s Honda Motor Q3 profit plunges 40.2pc, misses estimates

Japan’s third-biggest automaker posted a profit of 170.1 billion yen ($1.56 billion) for October-December, from 284.5 billion yen in the same period a year earlier.

Kia Lucky Motors targeting commercial production by 1st quarter FY19-20

KLM has opened company owned /third-party operated dealerships in some of the metro cities of Pakistan

Toyota runs campaign against ‘own money’ premium on cars

Toyota is one of the first auto companies to move towards the eradication of premium or ‘own money’ after the government’s stance of declaring the practise illegal

Renault-Nissan group sold most cars last year, but VW’s No.1 including trucks

Renault SA, Nissan Motor Co Ltd and Mitsubishi Motors Corp together sold 10.76 million passenger cars and light commercial vehicles in 2018, according to calculations after new data released on Wednesday

Nissan says co-operating with SEC inquiry after report of probe on executive pay

A Nissan spokesman confirmed the automaker received an inquiry from the U.S. regulator, without giving further details

VW says trade war big concern, in talks to avoid U.S. import tariffs

Herbert Diess told the World Economic Forum in Davos that he expected a difficult first quarter for Volkswagen and other automakers as the trade dispute between the world’s two largest economies sours consumer confidenc

Mercedes-Benz to deepen alliances with Chinese auto suppliers

Daimler is also thinking about a broader battery’s alliance in view of the challenge carmakers face trying to police potential ethical or human rights violations mining rare earths like Cobalt, which is needed for electric car batteries

Suzuki to discontinue Mehran within two months, Senate told

Allahwala also revealed that “nine automotive manufacturers were working to bring an investment worth $1.50 billion to Pakistan”

Detained ex-Nissan chairman Ghosn offers stock, passports for bail

He is willing to offer a higher bail amount to secure his release and remain in a Tokyo apartment his family has leased, the spokeswoman said, without specifying the bail amount

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