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US automaker

Hyundai Motor’s unit to buy General Motors’ India plant

BENGALURU: Hyundai Motor Co’s Indian unit will buy automaker General Motors’ Talegaon plant in the western state of...

Published 17 Aug, 2023 03:49am

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

Tesla nearly doubles deliveries compared to last year

NEW YORK: US automaker Tesla beat analyst expectations in the second quarter, delivering 466,140 vehicles despite a...

Published 03 Jul, 2023 01:28am

Business & Finance

Crisis hits demand of low-end cars the most in Pakistan: PAMA

Pak Suzuki sees sales fall 92% in February 2023 on year-on-year basis

Published 14 Mar, 2023 12:37am

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 offers salaried employee buyouts, will take up to $1.5bn charge

WASHINGTON: General Motors Co on Thursday said it was offering buyouts for most of its salaried employees and global...

Published 13 Mar, 2023 06:15am

Business & Finance

Tesla cuts prices in China

SHANGHAI: Tesla cut prices in China for the second time in less than three months on Friday, fuelling forecasts of a...

Published 09 Jan, 2023 06:00am

World

US auto sales to slip in January on slim inventory, higher prices

US auto retail sales are expected to dip in January as reduced manufacturing due to the Omicron variant, supply ...

Published 26 Jan, 2022 10:00pm

Business & Finance

GM to launch 10 EVs in South Korea by 2025; no local manufacturing plans yet

SEOUL: General Motors Co will launch 10 electric vehicles (EVs) in South Korea by 2025, but has no plans yet to...

Published 12 Nov, 2021 06:44pm

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 doubles Lightning production target on strong pre-launch demand

The No. 2 US automaker is targeting annual production of more than 80,000 in 2024, up from its prior target of more than 40,000

Published 24 Aug, 2021 12:09pm

Business & Finance

GM to boost spending to $35bn by 2025

WASHINGTON: General Motors Co will boost global spending on electric and autonomous vehicles to $35 billion through...

Published 21 Jun, 2021 03:43am

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 affirms 2021 outlook

NEW YORK: General Motors reported higher first-quarter profits and reaffirmed its full-year outlook Wednesday,...

Updated 06 May, 2021 10:15am

Business & Finance

Ford cuts production at two German plants due to chip shortage

"The situation on the global semiconductor market remains tense and, according to all estimates, will continue to be so in the coming months, resulting in supply bottlenecks," a spokeswoman for Ford said in a statement.
The carmaker said it planned to make up for lost production "as best we can" and would prioritise vehicles already ordered by customers.

Published 03 May, 2021 07:43pm

Business & Finance

Goodyear Tire results top estimates as auto demand rebounds

US auto demand, however, has risen since then, as consumers focus on personal safety and opt for private vehicles during the COVID-19 pandemic. Low interest rates and stimulus checks are also aiding the rebound.
The company, whose brands include Kelly and Dunlop, said tire volumes rose 12% to 35 million units in the quarter, while replacement tire volumes jumped 14%.

Updated 30 Apr, 2021 06:02pm

Business & Finance

GM marketing spend will return to normal levels post pandemic

What we went through in the pandemic was certainly severe and we should be moving back up to our normalized levels.
GM's Wahl also said the No. 1 US automaker will offer a third-party app that delivers in-vehicle navigation capability to about 900,000 vehicles that lack the feature.

Updated 12 Apr, 2021 08:16pm

Business & Finance

GM further cuts production in North America

DETROIT: General Motors Co extended production cuts in North America on Wednesday due to a worldwide semiconductor...

Published 30 Mar, 2021 05:45am

Business & Finance

Ford's Turkish joint venture to produce electric vans from 2023

Ford Otosan will also make a one-tonne commercial vehicle for Volkswagen AG as part of an alliance between Ford and the German carmaker.
Ford is the top commercial vehicle brand in Europe with a 15% share, and has led the commercial van market in Britain, Europe's largest, for 56 years.

Updated 16 Mar, 2021 10:01pm

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

US agency orders Ford to recall 3 million vehicles over air bags

NHTSA said in November that GM must recall the 2007-2014 model year trucks and SUVs because the inflators "are at risk of the same type of explosion after long-term exposure to high heat and humidity as other recalled Takata inflators."

Published 20 Jan, 2021 10:27am

Markets

Tesla says starts delivering Shanghai-made Model Y in China

A representative for the US automaker made the comment in response to a query from Reuters.

Published 18 Jan, 2021 10:52am

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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