Trends - carmaker - Business Recorder

carmaker

Renault, Nissan aim to announce deal on reshaped alliance on Feb 6

TOKYO/PARIS: French car maker Renault and its Japanese partner Nissan Motor aim to formally unveil a deal to reshape...

Published 26 Jan, 2023 04:48pm

Business & Finance

Indian top carmaker Maruti’s profit doubles

BENGALURU: Maruti Suzuki India Ltd beat quarterly profit estimates and reported improved margins on Tuesday as the...

Published 25 Jan, 2023 06:25am

Business & Finance

Honda Atlas raises car prices by up to Rs550,000

Cites inflation, exchange rate volatility as reasons behind increase

Published 23 Jan, 2023 08:09pm

Business & Finance

Maruti Suzuki India to recall 11,177 Grand Vitara SUVs to fix seat belt defect

India’s top carmaker Maruti Suzuki on Monday said it was recalling 11,177 Grand Vitara vehicles to address a...

Published 23 Jan, 2023 07:18pm

Business & Finance

Toyota plans to produce 750,000 vehicles globally in February

TOKYO: Toyota Motor Corp on Wednesday said it plans to produce about 750,000 vehicles globally in February. The...

Published 18 Jan, 2023 01:07pm

Business & Finance

Renault group sales fall 5.9% in 2022, Europe order book at record levels

PARIS: Renault group sales in 2022 fell by 5.9% to 2,051,174 vehicles, marking a fourth consecutive annual decline...

Published 18 Jan, 2023 01:05pm

Business & Finance

Carmaker Stellantis strikes nickel sulphate supply deal with Terrafame

PARIS: Carmaker Stellantis and Finnish company Terrafame announced on Wednesday that they had struck a deal whereby...

Published 18 Jan, 2023 01:00pm

Business & Finance

India’s Maruti Suzuki to recall 17,362 vehicles on possible airbag controller defect

BENGALURU: India’s top carmaker Maruti Suzuki on Wednesday said it is recalling 17,362 vehicles manufactured between...

Published 18 Jan, 2023 10:44am

Business & Finance

Porsche overtakes Volkswagen as Europe’s most valuable carmaker

BERLIN: Porsche took pole position as Europe’s most valuable automaker on Thursday, overtaking former parent...

Published 06 Oct, 2022 05:03pm

Business & Finance

BMW expects slight growth in 2023, cuts Germany gas intake by 15%

BERLIN: BMW expects to reach the higher end of its 7-9% margin target for the cars business and sees slight sales...

Published 26 Sep, 2022 07:17pm

Business & Finance

Tesla steps up recruiting in Thailand as EV competition heats up

BANGKOK: Tesla Inc is stepping up recruitment in Thailand, Southeast’s Asia automotive hub, with the U.S. electric...

Published 05 Sep, 2022 05:47pm

Business & Finance

Maruti, India's top carmaker, open to partnerships to secure supply chain

NEW DELHI: Maruti Suzuki is open to forming partnerships with auto part makers to secure its future supply chain and...

Updated 27 Aug, 2022 06:46pm

Business & Finance

Renault to invest $377mn in Brazil

SAO PAULO: French carmaker Renault SA said it will invest 2 billion reais ($377.12 million) in Brazil for the...

Published 01 Jul, 2022 06:57pm

Markets

Volkswagen to build 800,000 fully-electric cars this year

BERLIN: Volkswagen is planning to build 800,000 fully electric cars worldwide this year and 1.3 million in 2023, the...

Published 12 May, 2022 06:07pm

Markets

Toyota to slash production plan, suspend some domestic operation due to COVID lockdown in China

TOKYO: Toyota Motor Corp said on Tuesday it would suspend operations on 14 lines at eight domestic factories for up...

Published 10 May, 2022 05:18pm

Business & Finance

FTO’s judgement: LTO Karachi, carmaker agree on refund mechanism

ISLAMABAD: The Large Taxpayer Office (LTO) Karachi and a leading car manufacturer have agreed on a mechanism for...

Updated 07 Apr, 2022 11:01am

Markets

Daimler AG to rebrand as Mercedes-Benz on Feb. 1

BERLIN: Daimler AG will be formally renamed Mercedes-Benz Group AG on Saturday - nearly a year after the spin-off of...

Published 28 Jan, 2022 05:53pm

Business & Finance

Mercedes-Benz to assemble its EQS electric luxury sedan in India

NEW DELHI: German luxury carmaker Mercedes-Benz plans to start local assembly of its EQS electric sedan in India ...

Published 12 Jan, 2022 02:50pm

Business & Finance

Daimler to produce first in-house electric motor at Berlin plant

BERLIN: Daimler will produce the first in-house electric motor at its oldest plant in Berlin, the carmaker said on...

Published 19 Nov, 2021 04:35am

Business & Finance

Renault sees bigger production hit from chip shortage

PARIS: French carmaker Renault expects to produce at least 300,000 fewer vehicles this year due to a global shortage...

Published 21 Oct, 2021 04:38am

Markets

Geely's Volvo Cars sets IPO price range, seeking up to $23 billion valuation

The transaction, including expected converted investments by investors AMF and Folksam, was seen resulting in a free float of about 19.5% to 24.0%, Volvo says

Published 18 Oct, 2021 06:53pm

World

Chip shortage shuts Opel plant in Germany

FRANKFURT: Opel will close one of its plants in Germany until the “start of 2022” as a global chip shortage ...

Published 01 Oct, 2021 04:07am

Business & Finance

Ford wakes up badly burnt from its India dream

Ford takes a $2 billion hit to stop making cars in India
Sales have stagnated at about 3 million cars

Published 17 Sep, 2021 05:22pm

Business & Finance

Stellantis extends output halts at several European car plants on chip shortage

Production will stay halted this week at the Rennes plant, while it will be suspended at the Italian plant of SevelSud, the spokesperson says

Published 30 Aug, 2021 08:09pm

Business & Finance

India antitrust body fines Maruti Suzuki $27mn over dealer discount policy

The CCI asked Maruti to "cease and desist" from indulging in such practices and asked the company to deposit the fine within 60 days

Published 23 Aug, 2021 06:00pm

World

Ford recalls 775,000 Explorer SUVs

NEW YORK: Ford announced Friday it is recalling about 775,000 Explorer vehicles due to a problem in the rear of the...

Published 17 Jul, 2021 04:21am

Business & Finance

Volkswagen aims for half of vehicle sales to be electric by 2030

At Volkswagen, which aims to overtake Tesla as the world's largest electric vehicle (EV) maker by 2025, battery EVs accounted for just 3% of global sales last year.

Published 13 Jul, 2021 06:23pm

Business & Finance

Opel to be 100pc electric in Europe by 2028

PARIS: German carmaker Opel said Thursday that it would stop producing cars with internal combustion engines in...

Published 12 Jul, 2021 05:26am

Business & Finance

VW sees strong first-half profits despite chip shortage

"The deliveries to customers of the Volkswagen Group continued to recover strongly in the first half of the current year, leading to a very strong Group turnover as well as a very high operating profit," the company said.

Published 09 Jul, 2021 07:21pm

Business & Finance

Renault's HYVIA hydrogen venture to sell products throughout Europe

The HYVIA venture added in a statement on Tuesday that it would offer a range of three fuel-cell powered Master Large Van models by the end of 2021.

Published 06 Jul, 2021 07:03pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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