Chinese state-owned automaker FAW Group gets $144 billion credit line
FAW said in a posting on its social media account it wanted to consolidate its cooperation with banks, create an open and innovative financial platform and to secure funds for FAW initiatives in the future
Kia jacks up prices of Grand Carnival
Also, Kia Motors hiked the prices of two variants of the Kia Frontier, which is a 2700cc truck to Rs2,049,000 for the base model and Rs2,099,00 for the XL model
IMC resumes booking of vehicles
IMC requests customers to make partial payments only and told them not to make full payments at the time of booking their vehicles
Honda Atlas increases prices of its vehicle lineup
Honda Atlas Cars (Pakistan) Limited on Friday increased the prices of its vehicle lineup. The new tariff will be effective from October...
Indus Motors jacks up prices of Corolla for fourth time this year
Indus Motor has hiked the prices by Rs50,000 for Toyota Corolla XLI to Rs1.944 million till December and it will see a further rise of Rs50,000 in January to Rs2.044 million
GNL working with Nissan Motor Japan for localization of parts
Ghandhara Nissan said NML teams had paid a visit to domestic suppliers for determining their quality and capacity, however, the majority of them didn’t qualify as per the global standards set by NMI
Indus Motors suspends car bookings in lieu of rupee devaluation
Indus Motors after determining the impact of the rupee devaluation, would announce new prices and will resume its order bookings then
Car sales inch up by 1.1 percent in July-September 2018
The country’s auto sales grew by 3 percent YoY in September 2018, breaking the trend of falling volumes in the past couple of months
Car manufacturers may hike prices, after record rupee devaluation
The interest rate hike by the central bank is also impacting auto financing, said an analyst
Automobile sector to face the pinch, as car bookings plummet by 30 percent
The ban was enforced from the 1st of July of the current financial year 2018-19 and a source in the automobile industry shared the trend of car booking during this period reveals annual auto sales will plunge to 168,000 from 240,000 units
United Bravo booking begins, delivery to start by December 2018
The Bravo costs Rs850,000 and in addition to the full cost, tax filers will have to pay an advance tax of Rs7,500
Cost to insure Tesla debt reaches highest price ever
It cost about $71,300 to insure $1 million of the electric carmaker’s debt, plus an upfront cost of around 22.45 percent, which was also at an all-time high, representing a total of 29.58 percent of the face value of the company’s 2025 junk bond, or around $295,000
Clover Pakistan granted license to operate as lubricant marketing company
The company said it expects an increase in profitability of the business by sale of lubricant products in the upcoming financial year
IMC decides to launch Toyota Vios in Pakistan, Corolla GLi to be discontinued
KARACHI: Indus Motor Company Ltd (IMC) has finally decided to launch Toyota Vios in Pakistan after discontinuing the Toyota Corolla GLi, a...
Musk says Tesla now in ‘delivery logistics hell’
Elon Musk on Sunday acknowledged that the electric carmaker’s problems have now shifted to delivery logistics from production delays