Nishat Motors starts exporting Hyundai Santa Fe Hybrid to Sri Lanka
The move aligns with government policies, international standards, and the company’s dedication to Pakistan’s economic growth
BYD to raise up to $5.2 billion through Hong Kong stock offering
The deal comes amid rising momentum in Hong Kong’s equity market, as investors bet on a potential recovery in economic growth
Tesla’s market share declines in Europe as sales drop over 40%
Tesla registrations drop 42% in Sweden, 48% in Norway and Denmark, and 45% in France
OpenAI partners with Chip Ganassi Racing in first motorsports collaboration
The partnership aims to integrate OpenAI’s AI technology into Ganassi’s operations, boosting on-track performance and front-office efficiency
BYD begins vehicle deliveries in Pakistan through its local partner Mega Motor CompanyÂ
Customers in Karachi, Lahore, and Islamabad are the first to receive their BYD vehicles
Toyota’s global production rises 6% in January, first increase in a year
The automaker produces 781,729 vehicles worldwide, with a 22% increase in Japan offsetting declines in overseas production
China’s Baidu and CATL to develop competitive driverless vehicle models
Baidu will contribute its AI capabilities to support CATL’s digital transformation at the chip, platform, and application levels
Japanese automakers raise concerns over tax refunds, export hurdles in Pakistan
Industries minister assures Japanese automobile companies of smooth business operations
Tesla’s valuation falls under $1 trillion for first time since November
Despite Tuesday’s decline, Tesla holds a $981 billion market cap and remains worth more than twice the combined value of General Motors, Ford, Volkswagen, Toyota, Hyundai, and BMW
Google loses EU court battle over Android Auto interoperability case
The decision upholds Italy’s 2021 antitrust ruling, which fined Google $106.7 million for blocking Enel X Italia’s app from Android Auto
Kia recalls 137,256 vehicles in the U.S. due to risk of engine damage
The recall affects select 2021-2023 Seltos and Soul models, according to the auto safety agency
Elon Musk’s Tesla to acquire parts of insolvent German firm Manz AG
The deal includes movable assets and use of Manz's property but is subject to merger control laws
Sazgar’s profit surges 370% YoY in first half of FY25
Despite Rs. 2,408 million profit in Q2, up 220% YoY, the company saw a 43% QoQ decline
Tesla’s autopilot update in China fails to meet Musk’s promises
While the update brings features similar to Tesla’s Full Self-Driving system, it remains less advanced than the version available in the US
MG Pakistan introduces 12-months interest-free EMI plan for EV models
The plan offers 12- or 18-month payment terms with a 50% down payment, while Blue Chip Corporate clients get a reduced 30% down payment