Trends - automaker - Business Recorder

BR Research

Autos: Turning the page?

The government and automakers—new and old alike—are finally on the same page. This meeting of the minds reflects...

Published 15 Jul, 2021 08:05am

Business & Finance

Fiat-Chrysler also charged in French 'dieselgate' case

The automaker joins Volkswagen, Renault, Peugeot and Citroen over allegations they deceived customers over emissions produced by their diesel vehicles.

Published 13 Jul, 2021 06:52pm

Business & Finance

Pakistan targets automobile production of 300,000 in FY22

Minister for Industries and Production Khusro Bakhtiar says govt is prioritizing localisation
Notification of reduced tax and duty cuts to be issued in a day or two

Updated 07 Jul, 2021 04:55pm

Opinion

Auto policy: the balancing act

A new auto policy is in the offing. Expected price reductions in local and imported cars are making rounds on the...

Published 04 Jul, 2021 03:41am

Business & Finance

GM shakes up lithium industry with California geothermal project

The deal, announced on Friday, comes as automakers around the world scramble for access to lithium and other electric vehicle (EV) metals as internal combustion engines are phased out.

Published 02 Jul, 2021 06:16pm

BR Research

Auto policy: Theatre of the absurd

The upcoming auto policy is an attempt by this government to put its eggs in not just one, not just two but in many...

Updated 12 Jul, 2021 07:59am

BR Research

Auto policy revs up

After much fanfare of its predecessor that expires this month, a new automobile development policy is in...

Published 23 Jun, 2021 07:25am

BR Research

Autos: Running late on just-in-time

Whether the dark underworld of pharmaceutical companies has stealthily inserted tracking chips into our bodies...

Published 09 Jun, 2021 07:40am

BR Research

Auto Policy 2021-26 pivots towards EEEs

The automotive policy 2016-21 has been a success. The domination of three Japanese players in four-wheeler segment...

Published 08 Jun, 2021 07:25am

Business & Finance

Chip shortage to cost automakers $110 bln in revenues in 2021 - AlixPartners

The chip crunch has driven home the need for automakers to be "proactive" right now, and create "supply-chain resiliency" longer term to avoid disruptions in the future, the firm said on Friday.

Published 15 May, 2021 10:12am

Editorials

Lessons from the auto policy

EDITORIAL: Sometimes market forces will stand a policy objective on its head only because the policy wasn’t...

Published 11 May, 2021 04:39am

Business & Finance

Volkswagen Plant Construction to start in Pakistan

Construction of the Volkswagen plant in Pakistan will officially commence within this quarter.

Published 08 May, 2021 05:39pm

Business & Finance

Toyota Pakistan Celebrates Record Car Production Since 1993

Toyota Pakistan celebrates the highest car production volume in March 2021.

Published 23 Apr, 2021 08:25pm

Business & Finance

US indicts two more Fiat Chrysler managers in diesel emissions probe

The company, which is now known as Stellantis NV, in January 2019 agreed to an $800 million settlement to resolve civil claims that it used illegal software which produced false results on diesel-emissions tests in more than 100,000 vehicles. The Justice Department's criminal investigation into the company is pending.

Published 20 Apr, 2021 07:55pm

Business & Finance

BMW aiming for quarter of China sales to be electric vehicles by 2025

He said BMW will have 12 electric models for sale in China by 2023.

Published 19 Apr, 2021 12:02pm

Business & Finance

Nissan to slash production in Japan in May due to chip shortage

Japan's third-largest automaker will idle its factory in Kyushu, southern Japan, for eight days between May 10 and 19, the sources said, declining to be identified because the plan is not public.
The plant, which assembles the Serena minivan, X-Trail SUV and other models, will aim to make up for lost production once the supply of chips returns, the people said.

Published 15 Apr, 2021 06:33pm

Business & Finance

Great news – Booking of new Hilux Toyota Revo is open

Great news for the 4x4 lovers in Pakistan as the Indus Motor Company (IMC) plans to launch Revo Facelift in 2021. ...

Published 07 Apr, 2021 04:38pm

Business & Finance

GM extends vehicle production cuts due to semiconductor chip shortage

The extended cuts do not change GM's forecast last month that the shortage could shave up to $2 billion from this year's earnings.
GM continues to leverage every available semiconductor to build and ship our most popular and in-demand products, including full-size trucks and SUVs.

Published 03 Mar, 2021 07:22pm

Business & Finance

Volkswagen sees strong rebound after 'containing' COVID

Sales, deliveries to recover significantly in 2021.
Eyes upper end of 5.0-6.5% margin target.
Shares hit fresh 13-month high.

Published 26 Feb, 2021 08:01pm

Business & Finance

VW's SEAT says Spain needs a battery plant as it eyes EV production

After deeming it "essential" to have a battery factory in Spain, Griffiths also said it would help if batteries were assembled close to the Martorell plant near Barcelona.
"The Spanish government cannot miss the train of electrification," Griffiths said.

Published 22 Feb, 2021 08:03pm

Business & Finance

Is MG3 coming to Pakistan, teased Javed Afridi

Javed Afridi shared a teaser for 'Morris Garages (MG) in Pakistan', featuring MG3, which is the smallest car in the MG lineup.

Published 18 Feb, 2021 06:24pm

Business & Finance

GM cites chip shortage for weaker 2021 outlook

The automaker expects a chip shortage to trim $1.5 billion to $2.0 billion from its 2021 operating profit.
The global chip shortage also will have a short-term impact on production and cash flow, the company said.

Published 10 Feb, 2021 08:36pm

Business & Finance

Volkswagen explores flying cars in China

Beyond autonomous driving the concept of vertical mobility could be a next step to take our mobility approach into the future, especially in the technically affine Chinese market.
"Therefore we are investigating potential concepts and partners in a feasibility study to identify the possibility to industrialize this approach."

Published 09 Feb, 2021 08:53pm

Business & Finance

Mahindra expects global business losses to shrink with Ssangyong exit

Mahindra reported a slump in quarterly profit earlier on Friday, booking a one-time loss of 12.1 billion rupees ($166 million) related to South Korean unit Ssangyong.
Ssangyong will now become a discontinued operation as it filed for bankruptcy.

Published 05 Feb, 2021 08:19pm

Business & Finance

Subaru plans to reduce production by 48,000 vehicles this year due to chip shortage

The automaker could also possibly suspend or adjust plant operations in future if it cannot procure chips, he said in a post-earnings call.

Published 05 Feb, 2021 11:02am

Business & Finance

Suzuki raises price of APV by more than Rs11 lac

Suzuki announced the biggest price hikes in the industry for its All-Purpose Vehicle (APV).

Published 03 Feb, 2021 03:13pm

Business & Finance

US automaker group calls for compromise with Biden on fuel economy rules

The Trump administration in March finalized a rollback of US Corporate Average Fuel Economy standards to require 1.5% annual increases in efficiency through 2026,
new nationwide emissions framework deal "should achieve improvements in GHG emissions roughly midway between current standards and those of the former Obama Administration.

Published 02 Feb, 2021 06:06pm

Business & Finance

Ford to invest $1bn to upgrade South Africa operations

The amount includes $683 million for technology upgrades and new facilities at its plant in Silverton, a suburb of Pretoria, and $365 million to upgrade tooling at major supplier factories.

Published 02 Feb, 2021 03:30pm

Business & Finance

Volkswagen Sales Surpassed Tesla in Europe Last Year

Volkswagen AG surpassed Tesla in battery-electric vehicle sales last year in Europe.

Published 01 Feb, 2021 03:53pm

Business & Finance

Atlas Honda Bike Prices Increase Twice in One Month

Atlas Honda has announced an increase in its bikes for the second time in the month of January 2021 by up to Rs. 3,400.

Published 30 Jan, 2021 04:18pm