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Mercedes Benz

Stocks jump on China hope, euro rebounds

LONDON: Stock markets and oil prices jumped Tuesday, supported by hopes China will unveil fresh measures to boost...

Updated 03 Dec, 2024 05:11pm

Business & Finance

In high-wage Germany, VW’s labour costs outstrip the competition

BERLIN/FRANKFURT: As Volkswagen and unions gear up for the next round of talks over wages and plant closures in...

Published 20 Nov, 2024 11:53am

Business & Finance

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 17	278.60
USD PKR Interbank Buying / Dec 17	278.60
USD to Japanese Yen / Dec 17	1.05
USD to Swiss Franc / Dec 17	0.90
Pound Sterling to USD / Dec 17	1.27
Euro to USD / Dec 17	154.09

Stock	Volume
S&P 500 / Dec 16	6,074.08
Nasdaq / Dec 16	20,173.89
Dow Jones / Dec 16	43,717.48
India Sensex / Dec 17	80,962.81
Tokyo Nikkei / Dec 17	39,364.68
Hang Seng / Dec 17	19,777.10
FTSE 100 / Dec 17	8,214.43
Germany DAX 30 / Dec 17	20,290.76

Item	Value
Gold 10 Grams PKR / Dec 16	243,059.70
Crude Oil USD/Barrel / Dec 17	70.82
Karachi Cotton PKR/37.32 KG / Dec 17	17,585
Gold Spot USD/Ounce / Dec 17	2,654.67
Cotton US¢/pound / Dec 17	69.11
Petrol/Litre / Dec 18	252.10

Gainers
Losers
Leaders

Stock	Price
Dadabhoy Cement / Dec 17 Dadabhoy Cement Industries Limited(DBCI)	7.11 ▲ 1.00 (16.37%)
First Capital Equities / Dec 17 First Capital Equities Limited(FCEL)	6.74 ▲ 0.82 (13.85%)
Oilboy Energy / Dec 17 Oilboy Energy Limited(OBOY)	10.45 ▲ 1.00 (10.58%)
LSE Financial Serv. / Dec 17 LSE Financial Services Limited(LSEFSL)	18.32 ▲ 1.67 (10.03%)
Air Link Com. / Dec 17 Air Link Communication Limited(AIRLINK)	208.93 ▲ 18.99 (10.00%)
Data Agro / Dec 17 Data Agro Limited(DAAG)	126.58 ▲ 11.51 (10.00%)
Fazal Cloth / Dec 17 Fazal Cloth Mills Limited(FZCM)	179.55 ▲ 16.32 (10.00%)
Land Mark Spinning / Dec 17 Landmark Spinning Industries Limited(LMSM)	63.91 ▲ 5.81 (10.00%)
Pak Datacom / Dec 17 Pak Datacom Limited(PAKD)	94.49 ▲ 8.59 (10.00%)

Stock	Price
Tri-Star Power / Dec 17 Tri-Star Power Limited(TSPL)	5.51 ▼ -0.74 (-11.84%)
Gulshan Sp. / Dec 17 Gulshan Spinning Mills Limited(GSPM)	4.19 ▼ -0.51 (-10.85%)
Sanghar Sugar / Dec 17 Sanghar Sugar Mills Limited(SANSM)	32.02 ▼ -3.56 (-10.01%)
Aisha Steel (CPS) / Dec 17 Aisha Steel Mills Limited (CPS)(ASLCPS)	20.17 ▼ -2.24 (-10.00%)
Chakwal Spinning / Dec 17 Chakwal Spinning Mills Limited(CWSM)	53.72 ▼ -5.97 (-10.00%)
Leiner Pak Gelat / Dec 17 Leiner Pak Gelatine Limited(LPGL)	126.67 ▼ -14.07 (-10.00%)
Mari Petroleum / Dec 17 Mari Petroleum Company Limited(MARI)	809.76 ▼ -89.97 (-10.00%)
Quetta Textile / Dec 17 Quetta Textile Mills Limited(QUET)	17.73 ▼ -1.97 (-10.00%)
Fateh Ind. / Dec 17 Fateh Industries Limited(FIL)	120.57 ▼ -13.37 (-9.98%)

Stock	Volume
WorldCall Telecom / Dec 17 Worldcall Telecom Limited(WTL)	403,228,918 ▼ -0.06
Pak Elektron / Dec 17 Pak Elektron Limited(PAEL)	107,379,306 ▲ 3.33
Cnergyico PK / Dec 17 Cnergyico PK Limited(CNERGY)	59,584,754 ▼ -0.06
B.O.Punjab / Dec 17 The Bank of Punjab(BOP)	57,023,129 ▲ 0.59
Pak Refinery / Dec 17 Pakistan Refinery Limited(PRL)	55,947,968 ▲ 3.65
Sui South Gas / Dec 17 Sui Southern Gas Company Limited(SSGC)	42,917,218 ▲ 1.17
PIA Holding Co.Ltd / Dec 17 PIA Holding Company Limited(PIAHCLA)	36,337,248 ▲ 1.16
Fauji Foods Ltd / Dec 17 Fauji Foods Limited(FFL)	33,958,478 ▼ -0.28
Hub Power Co. / Dec 17 The Hub Power Company Limited(HUBC)	33,067,460 ▲ 11.97

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