Asia a bright spot for Japanese carmakers facing sluggish US sales, trade concerns
TOKYO: Japanese automakers that rely heavily on exports to sell their models in the United States would be hardest hit by trade...
China contemplating to cut import duty on passenger cars by about half: Report
A major reduction in tariffs could prompt overseas automakers, especially luxury brand names, to import more cars made overseas into the Chinese market, boosting their competitiveness by helping close a price gap on local rivals.
Pak Suzuki declares profits of Rs900mn for Q1FY2018
KARACHI:Â Pak Suzuki Motor Company Limited (PSMC) in the first quarter (Jan-Mar) 2018 posted a profit after tax (PAT) of Rs0.9 billion with...
Audi looks to double China production with partner FAW in five years
BEIJING: German luxury carmaker Audi AG aims to double China production with local partner China FAW Group Corp Ltd within five years,...
Ghandhara Nissan to raise Rs1.2 billion from right shares to revive existing assembly plant
LAHORE: Ghandhara Nissan will raise Rs1.2 billion from a right shares issue to partially finance the revival of its existing assembly plant...
Uber launches bike-hailing service in Karachi
KARACHI: Uber, the global smartphone app that seamlessly connects riders to drivers, has launched its bike-sharing service uberMOTO in Karachi.
This service follows...
Paapam voices opposition over tariff concessions on import of spare parts
ISLAMABAD: Auto part manufacturers have voiced discontent over the government’s move to offer tariff concessions on import of spare parts and accessories...
Ghandhara Nissan signs importer agreement with Renault to import heavy trucks
LAHORE: Ghandhara Nissan Limited (GHNL) has signed an importer agreement with Renault Trucks SAS, France for import of heavy commercial vehicles.
A notification...
Pakistan’s promising auto market lures Nissan back
As the CPEC gains momentum, enhancing the feel-good factor and stirring an economic boom across the country, one of the topnotch Japanese...
Musk reiterates Tesla doesn’t need capital, projects profit in third & fourth quarter
CALIFORNIA: Tesla Inc will be profitable in the third and fourth quarters of this year and will not have to raise any...
NAB summons 19 Customs Intelligence officials in Hino trucks auction case
ISLAMABAD: The National Accountability Bureau (NAB) Balochistan has summoned nineteen officials of Customs Directorate of Investigation and Intelligence Quetta in the case...
Car assemblers come under fire for price increases, low standards, and cartelisation
ISLAMABAD: As the Competition Commission of Pakistan (CCP) organised a public hearing on complaints against car assemblers in the country here on Thursday,...
Auto sales increase by 22pc for 9MFY18
KARACHI: Auto sales increased by 22 per cent despite a surge in car prices due to rupee devaluation for the first nine...
Ogra requested to expedite standardization of manganese content in petrol
ISLAMABAD: The government has been requested by Oil and Gas Regulatory Authority (OGRA) to expedite the move to finalizing standards and specifications...
CCP to hold an open hearing on Auto sector on April 12
KARACHI: The Competition Commission of Pakistan (CCP) is holding a public hearing on the auto sector on April 12 in Islamabad, and has invited all...