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GM

GM foods pose serious risks to public health, export markets, claims agri expert

ISLAMABAD: Genetically Modified (GM) food poses serious risks not only to local consumers but also to the ...

Published 27 Oct, 2024 02:44am

Business & Finance

General Motors approves new $6 billion share buyback plan

General Motors on Tuesday announced a new $6 billion share buyback plan, just over a month after the automaker...

Published 11 Jun, 2024 05:16pm

Business & Finance

GM upbeat on 2024, betting on a ‘resilient’ US economy

DETROIT: General Motors on Tuesday reported lower pre-tax profit for the fourth quarter but gave investors an upbeat...

Published 30 Jan, 2024 05:02pm

Business & Finance

GM sees $9.3bn hit from new labour deals, outlines $10bn buyback

WASHINGTON: General Motors said on Wednesday its new labor deals after a lengthy US strike will cost it $9.3 billion...

Published 30 Nov, 2023 04:53am

Technology

Global automakers scramble to reset China strategies as sales slow

SHANGHAI: For foreign automakers in China, it is time to double down on a turnaround or cut losses after ceding...

Published 28 Jul, 2023 11:09am

Business & Finance

GM says it could face compliance challenges under new emissions rules

WASHINGTON: General Motors said on Wednesday it could face compliance challenges under the Environmental Protection...

Published 10 Jul, 2023 06:52am

Business & Finance

GM investing $920m in Ohio diesel engine plant

WASHINGTON: General Motors on Tuesday said it was investing $920 million to expand operations at its Ohio diesel...

Published 26 Jun, 2023 06:38am

Business & Finance

GM buyouts cut 5,000 jobs

NEW YORK: About 5,000 General Motors Co salaried workers took buyouts to leave the company, putting the company well...

Published 05 Apr, 2023 06:16am

Business & Finance

Hyundai Motor lines up to buy General Motors’ India plant

NEW DELHI: Hyundai Motor Co said on Monday it has agreed to a potential acquisition of General Motors’ plant in...

Published 13 Mar, 2023 06:21pm

Business & Finance

GM and Honda expand electric vehicle partnership

DETROIT: General Motors and Honda Motor Co on Tuesday said they will co-develop a series of electric vehicles based...

Published 06 Apr, 2022 05:53am

Technology

Biden finally mentions 'Tesla' after Elon Musk complains

NEW YORK: US President Joe Biden, who has not publicly referred to Tesla when talking about electric vehicles since...

Published 09 Feb, 2022 11:34am

Business & Finance

GM electric truck latest entrant in rich US pickup market

NEW YORK: General Motors launched its all-electric Chevrolet Silverado on Wednesday, formally entering a contest for...

Published 10 Jan, 2022 07:02am

Business & Finance

GM to boost EV profile with 40,000 charging stations in US, Canada

General Motors said on Tuesday it would install up to 40,000 electric-vehicle charging stations in the United States...

Published 26 Oct, 2021 06:14pm

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

GM CFO sees ‘more stable’ chip supplies in 2022, reaffirms 2021 outlook

Jacobson cautions that GM's third quarter wholesale deliveries could be down by 200,000 vehicles because of chip shortages

Published 10 Sep, 2021 07:16pm

Business & Finance

GM announces 2nd Bolt recall to address fire risk

"Out of an abundance of caution, customers should continue to park their vehicles outside immediately after charging and not leave their vehicles charging overnight," GM warned.

Published 23 Jul, 2021 08:30pm

Business & Finance

GM to invest $71mn for new design and tech campus in California

General Motors said the campus will include an innovation lab and immersive technology capabilities, including augmented and virtual reality.
GM presented in January a futuristic flying Cadillac - a self-driving vehicle which takes off and lands vertically and carries the passenger above the streets and through the air.

Published 13 Jul, 2021 05:39pm

Business & Finance

GM boosts spending on electric vehicles, to add two new US battery plants

The No. 1 US automaker said it will now spend $35 billion through 2025 on EVs, an increase of 75% from March 2020 before the COVID-19 pandemic shut down the industry.
GMT's announcement comes less than a month after rival Ford Motor Co upped its EV spending by more than a third to over $30 billion by 2030.

Published 16 Jun, 2021 07:08pm

Business & Finance

GM restarting some plants hit by chips shortage

GM said it is restarting operations at four plants in the United States, Mexico and Canada starting next week. Two plants in Mexico will resume production next week that build the Chevrolet Equinox, GMC Terrain and Chevrolet Blazer.

Updated 27 May, 2021 07:46pm

Business & Finance

Stellantis, Nissan, Nio cut more production due to chip shortage

WASHINGTON: Stellantis NV and Chinese electric vehicle maker Nio became the latest carmakers to announce new...

Published 27 Mar, 2021 10:43am

Business & Finance

GM further cuts production in North America due to global chip shortage

The action was factored into GM's prior forecast that it could shave up to $2 billion off this year's profit, spokesman David Barnas said.
Semiconductors are used extensively in cars, including to monitor engine performance, manage steering or automatic windows, and in sensors used in parking and entertainment systems.

Published 24 Mar, 2021 07:48pm

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

Markets

GM extends vehicle production cuts, begins parking incomplete cars due to global chip shortage

Semiconductor supply remains an issue that is facing the entire industry. GM's plan is to leverage every available semiconductor to build and ship our most popular and in-demand products.
GM vehicles affected by the idled plants include the Chevrolet Malibu sedan, Cadillac XT4 SUV, Chevy Equinox, and GMC Terrain SUVs.

Updated 09 Feb, 2021 10:02pm

Business & Finance

GM's China venture, smart car supplier PATEO filed anti-monopoly complaint against Tencent

It said Tencent has been asking car companies to stop using PATEO's Internet of Vehicles products since August 2020.

Published 09 Feb, 2021 11:49am

Business & Finance

GM plans to be carbon neutral by 2040, aspires to end tailpipe emissions by 2035

"We're taking actions so that we can eliminate tailpipe emissions by 2035," said Dane Parker.
More than half of GM's capital spending and product development team will be devoted to electric and electric-autonomous vehicle programs.

Published 28 Jan, 2021 09:48pm

Business & Finance

GM warns Indian state's move to block its exit could hit investment

GM's comments came after authorities in Maharashtra earlier this week rejected the automaker's application to cease operations at its plant in the western Indian state amid protests by workers.
In January 2020, it agreed to sell its second factory in the state's Talegaon district to Chinese automaker Great Wall Motor Co.

Published 22 Jan, 2021 08:31pm

Business & Finance

General Motors unveils Cadillac flying car and shuttle concepts at CES

Cadillac also is working on a battery-powered luxury two-seater, said GM design chief Mike Simcoe, as part of GM Chief Executive Mary Barra's keynote presentation.

Published 12 Jan, 2021 08:19pm

Markets

Tesla's stock market value tops Facebook's

The company led by Elon Musk's stock briefly hit $811.61 during the session, putting its market capitalization at $769 billion.

Updated 08 Jan, 2021 12:02am

Business & Finance

GM's union in South Korea approves second tentative labour deal

The result came after union negotiators reached a second tentative agreement with GM last week after the union members rejected the first deal.

Published 18 Dec, 2020 05:01pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 21	278.16
USD PKR Interbank Buying / Nov 21	277.96
USD to Japanese Yen / Nov 21	154.53
USD to Swiss Franc / Nov 21	0.89
Pound Sterling to USD / Nov 21	1.26
Euro to USD / Nov 21	1.05

Stock	Volume
S&P 500 / Nov 21	5,948.71
India Sensex / Nov 21	77,155.79
Tokyo Nikkei / Nov 21	38,026.17
Nasdaq / Nov 21	18,972.42
Hang Seng / Nov 21	19,601.11
FTSE 100 / Nov 21	8,149.27
Dow Jones / Nov 21	43,870.35
Germany DAX 30 / Nov 21	19,146.17

Item	Value
Crude Oil USD/Barrel / Nov 21	70.18
Karachi Cotton PKR/37.32 KG / Nov 21	17,785
Gold 10 Grams PKR / Nov 21	238,340
Gold Spot USD/Ounce / Nov 21	2,669.46
Cotton US¢/pound / Nov 21	70.43
Petrol/Litre / Nov 22	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 22 786 Investments Limited(786)	7.11 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 22 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▼ 0.00 (0.00%)
Agro Allianz / Nov 22 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 22 Ali Asghar Textile Mills Limited(AATM)	63.60 ▼ 0.00 (0.00%)
Allied Bank / Nov 22 Allied Bank Limited(ABL)	114.42 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 22 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▼ 0.00 (0.00%)
Abson Ind. / Nov 22 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 22 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 22 786 Investments Limited(786)	7.11 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 22 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▲ 0.00 (0.00%)
Agro Allianz / Nov 22 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 22 Ali Asghar Textile Mills Limited(AATM)	63.60 ▲ 0.00 (0.00%)
Allied Bank / Nov 22 Allied Bank Limited(ABL)	114.42 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 22 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▲ 0.00 (0.00%)
Abson Ind. / Nov 22 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 22 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 22 K-Electric Limited(KEL)	174,389,145 ▲ 0.00
Hascol Petrol / Nov 22 Hascol Petroleum Limited(HASCOL)	63,973,243 ▲ 0.00
Kohinoor Spining / Nov 22 Kohinoor Spinning Mills Limited(KOSM)	62,996,737 ▲ 0.00
Aisha Steel Mill / Nov 22 Aisha Steel Mills Limited(ASL)	48,137,561 ▲ 0.00
Waves Home Appliances / Nov 22 Waves Home Appliances Limited(WAVESAPP)	43,506,391 ▲ 0.00
Lotte Chemical / Nov 22 Lotte Chemical Pakistan Limited(LOTCHEM)	40,852,960 ▲ 0.00
Telecard Limited / Nov 22 Telecard Limited(TELE)	36,937,252 ▲ 0.00
Cnergyico PK / Nov 22 Cnergyico PK Limited(CNERGY)	31,401,025 ▲ 0.00
WorldCall Telecom / Nov 22 Worldcall Telecom Limited(WTL)	31,346,592 ▲ 0.00

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