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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Monal restaurant’s owner becomes first entrepreneur to receive ‘Pride of Performance’...
ISLAMABAD: Owner of Islamabad's Monal restaurant, Luqman Ali Afzal, became the first Pakistani to be awarded a Pride of Performance award for 'entrepreneurship', according to...
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IHOP to open 19 restaurants in Pakistan
--Popular American pancake chain to launch in Karachi by end of 2019 Popular American pancake house chain IHOP has announced plans to open as many...
