Nissan board unlikely to select new chairman on Monday: source
Ghosn has been held in a Tokyo jail since he was arrested on Nov. 19 on suspicion of conspiring to understate his pay by about half of the actual 10 billion yen ($88 million) awarded over five years from 2010
Auto sales nosedive 17% YoY to 17,442 units in November
On a month-on-month basis (MoM), auto sales declined 30% to 17,442 units in November against 24,850 units in October
EDB asks FBR to take back regulatory duty on locally manufactured auto parts
The EDB letter states while finishing the meeting, Secretary Industries and Production suggested the FBR exclude SRO 655 (I)/2006 from the purview of regulatory duty
New auto companies express dismay at tax relief for Pak Suzuki Motor
Previously, Pak Suzuki Motor had tried to secure tax exemptions under the Greenfield investment category from the PML-N administration which was declined
Audi to invest 14 billion euros in e-mobility, self-driving cars
Overall, the company’s total projected expenditure for the next five years amounts to 40 billion euros, the company said in a statement
Suzuki seeks Greenfield status, tax benefits in exchange for $450 million investment
As per ADP 2016-2021 policy, Suzuki’s investment of $450 million would fall in the Brownfield category, however, it wants to avail tax benefits under the aegis of Greenfield project, said officials in the Ministry of Industry and Production (MoIP).
Volkswagen’s entry to challenge dominance of Asian producers in Pakistan: Fitch Solutions
Fitch Solutions projected LCV sales in Pakistan to average annual growth of 8.7% over FY19-FY22, reaching a total of around 40,400 units by the end of FY22
Nissan says CEO did not mention need to review alliance equity structure
TOKYO: Nissan Motor Co said Chief Executive Officer Hiroto Saikawa did not mention a need to review the automaker’s equity partnership with...
Pak Suzuki mulling to set up second auto plant, manufacture additional 100,000 vehicles a year: report
Pak Suzuki Motors is planning to introduce four new cars and Suzuki Alto 660CC is expected to replace Mehran 800CC in April 2019.
Ministry of Science & Technology devising standards for automobile manufacturing in Pakistan
A recent report released by the Competition Commission of Pakistan (CCP) highlighted that there were no standards in existence in Pakistan for vehicle assembly and parts manufactured
Master Motors approaches MoIP, seeking assistance for PTM approval from PSM: Report
The letter stated the company needs to provide the land mortgage documents in favour of Faysal Bank against the financing sought as security
Volkswagen signs agreement for vehicle assembly in Karachi
The world’s largest automobile manufacturer in partnership with Premier Systems Private Limited, which is the authorized importer of Audi vehicles in Pakistan, will assemble Amarok, Transporter T-6, Caddy and Skoda in Pakistan
Tesla cuts China car prices to absorb hit from trade war tariffs
The electric carmaker, led by billionaire CEO Elon Musk, said it will cut prices of the two models by 12-26 percent to make the cars more “affordable” in the world’s top auto market, where sales of so-called new-energy vehicles are rising fast
GNL set to launch Renault trucks in Pakistan
GNL will be responsible for the import, distribution and after-sales service of the three new ranges and also the CKD assembly at its manufacturing site located at Port Qasim, Karachi by the end of next year
Sindh excise & taxation recovers record Rs700 million from vehicle tax defaulters
Sindh's Minister for Excise and Taxation Mukesh Kumar Chawla extended his gratitude to the media for advertising the campaign