Samsung set to announce entry into autonomous driving sector
Frankfurt: South Korea’s Samsung Electronics Co Ltd plans to become a major player in autonomous driving, building on its recent $8 billion...
More than half of new cars in Norway are electric
OSLO:Â Electric cars for the first time accounted for more than half of new cars in Norway in March, official data showed on...
Auto sales on the rise with 17% growth in Sept 2017
KARACHI: Local car assemblers, including LCVs, Vans and Jeeps, managed to sell 18,798 units in September 2017, an increase of 17 per...
Car production increases 28.8pc in five months
ISLAMABAD: The production of cars and jeeps increased by 28.84 per cent during the first five months of the current fiscal year...
US-China trade row puts pressure on German carmakers
FRANKFURT: German carmakers BMW and Daimler are under increasing pressure to diversify production of their sports utility vehicles (SUVs) outside of the...
Honda, GM scrap $5bn plan to co-develop cheaper EVs
Honda Motor (7267.T)Â and General Motors (GM)Â (GM.N)Â are scrapping a plan to jointly develop affordable electric vehicles (EVs), the companies said on Wednesday, just...
EDB should not be dissolved, MoIP’s recommendation to PM
ISLAMABAD: Ministry of Industry and Production has recommended to Prime Minister not to disband the Engineering Development Board (EDB) as the department...
France presses Renault over executive compensation paid via Dutch holding company
PARIS: The French government has told Renault to provide more details on compensation paid to senior executives via a Dutch holding company...
Reduce taxes on hybrid cars to contain pollution: Senate standing committee
ISLAMABAD: A parliamentary panel on Thursday proposed the government to consider abolishing and reducing taxes on hybrid cars to contain pollution.
And the...
US agency probing air bag failure in Hyundai, Kia cars
WASHINGTON: The United States (US) National Highway Traffic Safety Administration said on Saturday it is opening an investigation to determine why some...
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...
Industries secretary lauds Indus Motor Company’s practices
KARACHI
“Indus Motor Company (IMC) sharing its experiences within and outside the company is encouraging, and we can move on the path of...
Auto part manufacturers seek removal of regulatory duty on import of steel material
Karachi: A local newspaper reported Pakistan Association of Parts and Accessories Manufacturers (PAAPAM) Chairman Mashood Ali Khan urged the government to put...
New Toyota tech unit promises world’s safest drive
TOKYO: Toyota Motor Corp unveiled its Woven Planet research unit at a virtual media event on Friday, promising to deliver the world’s...
World Bank’s IFC to invest about $73m in Mahindra’s last mile mobility unit
BENGALURU: Indian automaker Mahindra and Mahindra Ltd said on Wednesday that World Bank’s private investment arm, International Finance Corp (IFC), will invest...