Japanese automakers raise concerns over tax refunds, export hurdles in Pakistan
Industries minister assures Japanese automobile companies of smooth business operations
Tesla’s valuation falls under $1 trillion for first time since November
Despite Tuesday’s decline, Tesla holds a $981 billion market cap and remains worth more than twice the combined value of General Motors, Ford, Volkswagen, Toyota, Hyundai, and BMW
Google loses EU court battle over Android Auto interoperability case
The decision upholds Italy’s 2021 antitrust ruling, which fined Google $106.7 million for blocking Enel X Italia’s app from Android Auto
Kia recalls 137,256 vehicles in the U.S. due to risk of engine damage
The recall affects select 2021-2023 Seltos and Soul models, according to the auto safety agency
Elon Musk’s Tesla to acquire parts of insolvent German firm Manz AG
The deal includes movable assets and use of Manz's property but is subject to merger control laws
Sazgar’s profit surges 370% YoY in first half of FY25
Despite Rs. 2,408 million profit in Q2, up 220% YoY, the company saw a 43% QoQ decline
Tesla’s autopilot update in China fails to meet Musk’s promises
While the update brings features similar to Tesla’s Full Self-Driving system, it remains less advanced than the version available in the US
MG Pakistan introduces 12-months interest-free EMI plan for EV models
The plan offers 12- or 18-month payment terms with a 50% down payment, while Blue Chip Corporate clients get a reduced 30% down payment
Jetour plans to launch T1 and T2 off-road SUVs in Pakistan
After launching the Dashing and X70 Plus, the Chery-owned brand now focuses on off-road enthusiasts with these new additions
Mercedes-Benz warns of lower profits, launches cost-cutting plan
The German automaker expects its profit margins to fall between 6% and 8% this year, down from 8.1% in 2024 and 12.6% in the previous year
Tesla under scrutiny for workplace safety breaches after worker’s death
Federal regulators cite Tesla for workplace safety violations linked to a worker's electrocution last summer at its Austin plant
Suzuki prioritizes India despite lowering EV and sales targets
The Japanese automaker now targets 2.5 million vehicle sales in India by March 2031, down from 3 million, with four EV launches instead of six
United Motors to launch Jetour SUVs in Pakistan on February 20
The X70 Plus is a seven-seater, the Dashing is a five-seater, and both will be locally assembled as CKD units
Auto financing rises to Rs241.6bn in January as interest rates decline
Lower borrowing costs drive renewed demand for vehicle loans
Tesla begins production of facelifted Model Y at Shanghai plant
Deliveries of the new Model Y will begin in late February, with the current Launch Series available for sale until February 28