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Mercedes Benz

Mercedes to step up cost cuts after earnings halve

BERLIN: Mercedes-Benz will step up cost cuts after earnings halved in the third quarter hit by tepid demand and...

Published 28 Oct, 2024 06:21am

Business & Finance

FTO voices concern over delay in release of imported vehicle

ISLAMABAD: The Federal Tax Ombudsman (FTO) has expressed serious concern over delay in the release of an imported...

Published 25 Jul, 2024 06:24am

Technology

Tesla, rivals get low marks for automated-driving technology

DETROIT: Tesla’s Autopilot and Full Self Driving technology and nine other assisted-driving systems marketed by...

Published 12 Mar, 2024 10:30am

Business & Finance

EU December car sales down 3.3% y/y as German market slows

New car sales in the European Union declined by 3.3% in December, dragged down by slowing demand in Germany, data...

Published 18 Jan, 2024 12:32pm

Pakistan

SC asks govt to auction off two ‘costly’ vehicles

ISLAMABAD: The Supreme Court registrar has written letters to the Cabinet Division secretary and chief secretary...

Published 02 Dec, 2023 05:09am

Life & Style

1962 Ferrari auctioned for $51.7mn in New York: Sotheby’s

NEW YORK: A 1962 Ferrari 250 GTO sports car sold for $51.7 million in New York on Monday, making it the second most...

Published 14 Nov, 2023 01:11pm

Life & Style

Picasso, Monet and a Ferrari - New York auction houses eye monster sales

NEW YORK: A $120 million Picasso, a $40 million Monet and even a $60 million Ferrari: New York’s major auction...

Updated 08 Nov, 2023 05:17pm

Business & Finance

Mercedes-Benz Q3 earnings take a hit on subdued sales, supply chain snags

BERLIN: Mercedes-Benz expects the adjusted return on sales of its cars division for the full year to hit the lower...

Published 26 Oct, 2023 11:11am

Sports

Why Saudi’s billion-dollar football binge is race against time

RIYADH: As star footballers line up to take Saudi money, it is easy to forget this is a phenomenon that stretches...

Updated 25 Aug, 2023 05:01pm

Business & Finance

China to be centre of Mercedes-Benz 2025 EV sales drive, Automobilwoche says

FRANKFURT: Mercedes-Benz is making China, the world’s top auto market, central to its next electric vehicle (EV)...

Published 23 Jul, 2023 03:07pm

Business & Finance

Mercedes-Benz: remains to be seen how national courts interpret ECJ ruling

BERLIN: Carmaker Mercedes-Benz said on Tuesday that it remains to be seen how a European Court of Justice (ECJ)...

Published 21 Mar, 2023 02:36pm

Business & Finance

VW joins e-car price war as global rivalry heats up

FRANKFURT: German giant Volkswagen is set to follow Tesla’s lead with a high-profile price drop as the battle for...

Published 12 Mar, 2023 11:20am

Business & Finance

Mercedes profits jump in 2022, but ‘sluggish’ start to 2023

FRANKFURT: German carmaker Mercedes-Benz reported a jump in profits for 2022 on Friday thanks to strong demand for...

Published 17 Feb, 2023 02:10pm

Markets

Mercedes to drop EQ product brand

BERLIN: Mercedes-Benz is set to drop the EQ product brand for battery-electric cars as soon as the next generation...

Published 12 Jan, 2023 01:58pm

Business & Finance

Mercedes expects double-digit growth in India in 2023 despite weak Indian rupee

NEW DELHI: Mercedes Benz expects double-digit sales growth in India this year, despite concerns that a weaker rupee...

Updated 08 Jan, 2023 04:09pm

Business & Finance

Mercedes-Benz gears up power train network for EVs from 2024

BERLIN: Mercedes-Benz laid out on Wednesday an over 1 billion-euro ($1.06 billion) plan to adapt its global...

Published 14 Dec, 2022 11:12am

Business & Finance

Mercedes-Benz Vans to reorganise production network in Europe

Mercedes-Benz’s vans division is to reorganise its production in Europe with a new factory planned in Jawor, Poland,...

Published 12 Dec, 2022 01:54pm

Business & Finance

Mercedes-Benz raises outlook for cars division to 13-15%

BERLIN: Mercedes-Benz raised its forecast for adjusted return on sales for the full year for its cars division to...

Published 26 Oct, 2022 11:44am

Business & Finance

Automakers to double spending on EVs, batteries to $1.2 trillion by 2030

The world’s top automakers are planning to spend nearly $1.2 trillion through 2030 to develop and produce millions...

Published 21 Oct, 2022 11:49am

Technology

Mercedes-Benz and Microsoft collaborate on supply chain data platform

BERLIN: Mercedes-Benz and Microsoft announced a partnership on Wednesday using Microsoft Cloud for a data platform...

Published 12 Oct, 2022 01:36pm

Business & Finance

Australia fines Mercedes Benz unit $8.5mn for lack of urgency on airbag recall

The Federal Court of Australia has ordered Mercedes Benz Group’s local unit to pay an A$12.5 million ($8.49 million)...

Published 02 Sep, 2022 11:41am

World

Russian tourists' luxury cars fill up Helsinki airport

HELSINKI: Porsches, Bentleys and other luxury cars with Russian licence plates are filling up the parking garage at...

Published 23 Aug, 2022 05:46pm

Business & Finance

How a cheap component could help kill off combustion cars

LONDON/BERLIN: The humble wire harness, a cheap component that bundles cables together, has become an unlikely...

Published 30 May, 2022 11:14pm

Business & Finance

Mercedes-Benz bets on India’s nouveau riche to drive luxury car sales

PUNE: Germany’s Mercedes-Benz is betting that a growing crop of young new millionaires will drive demand for ...

Published 13 Apr, 2022 06:03am

Business & Finance

Import of used cars gaining momentum once again

KARACHI: The import of used cars has been gaining momentum once again despite the government’s resolve to curb ...

Updated 10 Apr, 2022 04:37pm

Markets

Scarcity and software set to power Mercedes-Benz through 2022

BERLIN: Mercedes-Benz will focus on its most luxurious vehicles and bring more software in-house to tackle higher...

Published 24 Feb, 2022 05:32pm

Business & Finance

Mercedes-Benz targets US for hands-free driving certification this year

BERLIN: Mercedes-Benz hopes to acquire certification for Level 3 autonomous driving in the United States this year,...

Published 24 Feb, 2022 05:16pm

Business & Finance

Refreshed Mercedes-Benz posts strong results after truck split

FRANKFURT: German auto manufacturer Mercedes-Benz more than doubled its operating profit despite widespread supply...

Published 24 Feb, 2022 01:24pm

Markets

Mercedes-Benz foresees EV-only production lines within a few years

BERLIN: Mercedes-Benz expects to have factories producing exclusively electric vehicles (EVs) by the second half of...

Updated 21 Feb, 2022 08:44pm

Business & Finance

Mercedes-Benz beats profit forecast as EV sales surge

BERLIN: Mercedes-Benz Cars & Vans expects an adjusted EBIT of 14 billion euros ($15.94 billion) in 2021, it said...

Published 11 Feb, 2022 02:57pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 15	277.70
USD PKR Interbank Buying / Nov 15	277.50
USD to Japanese Yen / Nov 15	154.30
USD to Swiss Franc / Nov 15	0.89
Pound Sterling to USD / Nov 15	1.26
Euro to USD / Nov 15	1.05

Stock	Volume
India Sensex / Nov 14	77,580.31
S&P 500 / Nov 15	5,870.62
Tokyo Nikkei / Nov 15	38,642.91
Nasdaq / Nov 15	18,680.12
Hang Seng / Nov 15	19,426.34
FTSE 100 / Nov 15	8,063.61
Dow Jones / Nov 15	43,444.99
Germany DAX 30 / Nov 15	19,210.81

Item	Value
Crude Oil USD/Barrel / Nov 15	67.02
Gold 10 Grams PKR / Nov 15	233,371.60
Gold Spot USD/Ounce / Nov 15	2,563.25
Cotton US¢/pound / Nov 15	68.91
Karachi Cotton PKR/37.32 KG / Nov 16	18,085
Petrol/Litre / Nov 18	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 18 786 Investments Limited(786)	6.33 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 18 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▼ 0.00 (0.00%)
Agro Allianz / Nov 18 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 18 Ali Asghar Textile Mills Limited(AATM)	56.65 ▼ 0.00 (0.00%)
Allied Bank / Nov 18 Allied Bank Limited(ABL)	115.07 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 18 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▼ 0.00 (0.00%)
Abson Ind. / Nov 18 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 18 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 18 786 Investments Limited(786)	6.33 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 18 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▲ 0.00 (0.00%)
Agro Allianz / Nov 18 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 18 Ali Asghar Textile Mills Limited(AATM)	56.65 ▲ 0.00 (0.00%)
Allied Bank / Nov 18 Allied Bank Limited(ABL)	115.07 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 18 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▲ 0.00 (0.00%)
Abson Ind. / Nov 18 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 18 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 18 Worldcall Telecom Limited(WTL)	77,999,077 ▲ 0.00
Fauji Foods Ltd / Nov 18 Fauji Foods Limited(FFL)	70,721,702 ▲ 0.00
Hascol Petrol / Nov 18 Hascol Petroleum Limited(HASCOL)	55,501,231 ▲ 0.00
K-Electric Ltd. / Nov 18 K-Electric Limited(KEL)	36,884,955 ▲ 0.00
Sui South Gas / Nov 18 Sui Southern Gas Company Limited(SSGC)	36,294,630 ▲ 0.00
D.S. Ind. Ltd. / Nov 18 D.S. Industries Limited(DSIL)	32,226,742 ▲ 0.00
TRG Pak Ltd / Nov 18 TRG Pakistan Limited(TRG)	29,018,611 ▲ 0.00
Pak Int.Bulk / Nov 18 Pakistan International Bulk Terminal(PIBTL)	22,405,457 ▲ 0.00
Treet Battery / Nov 18 Treet Battery Limited(TBL)	21,319,898 ▲ 0.00

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