Elon Musk frustrated with China’s trade policy, partly agrees with Trump
WASHINGTON: US President Donald Trump has spent the last week railing against trade policies that allegedly put the US companies at a...
Automotive parts’ manufacturers show little interest in manufacturing parts for aircraft
The automotive parts and accessories manufacturers are trying to meet the expected huge demand for parts after the advent of new entrants...
Mortgages escalate 250 percent during 1st quarter of FY 2017-18
KARACHI: Driven by low interest rates regime, State Bank of Pakistan (SBP) reported house financing loans registered a staggering rise of 250...
Motorcycle production registers 34.81pc increase in two months
Islamabad:Â Motorcycles production witnessed a sharp increase of 34.81 per cent during first two months (July-August) of the year 2017-18 as compared to...
BMW, Tencent to open computing centre in China for self-driving cars
BEIJING: German automaker BMW and Chinese online gaming giant Tencent Holdings are teaming up to launch a computing centre in China that...
Automobile sales rose 28pc during first two months of FY 2017-18 says: PAMA
Karachi: Pakistan Automotive Manufacturers Association (PAMA) on Tuesday outed data for the sales of automobiles during the first two months (July and...
Govt should tighten rules to control ‘Own Money’
The plight of a cash economy is exhibited in numerous forms. Most importantly, it gives rise to a parallel economic system wherein...
Kobe Steel attributes lack of quality controls for data scandal
TOKYO: Kobe Steel Ltd said on Friday a lack of quality controls and a focus on profits was behind the widespread data...
Ford announces new CEO as it eyes bigger electric push
NEW YORK: Ford announced Tuesday that Jim Hackett would resign as chief executive and be replaced by longtime auto executive Jim Farley...
Apple self-driving car rear ended during road testing
Apple is entering a crowded field where rivals such as Alphabet Inc’s Waymo unit and traditional carmakers such as General Motors Co’s Cruise Automation
BMW expects at least half of sales to be electric cars by 2030
BMW expects at least half of its sales to be zero emission vehicles by 2030, setting a more conservative target than some...
Toyota ekes out weakest Q1 profit in 9 years as pandemic halves car sales
TOKYO: Toyota Motor Corp eked out its smallest quarterly profit in nine years as the coronavirus pandemic halved its car sales and...
As SUV demand surges in U.S, automakers flood market with new models
NEW YORK: Demand for sport utility vehicles in the United States is booming, but the number of new models vying for a...
Locally assembled automobiles sales escalate by 41pc in July
Karachi: Pakistan Automotive Manufacturers Association (PAMA) on Thursday released data pertaining to sales of automobiles for the month of July 2017.
Tractor sales...
Uber facing license renewal problems in UK
LONDON: Britain’s second city Birmingham is seeking clarity from Uber on its business model as it decides whether to renew the taxi...