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Volkswagen

Volkswagen’s Audi to cut 7,500 jobs in administration

BERLIN: Volkswagen’s Audi will cut up to 7,500 jobs in Germany by 2029 in areas like administration and...

Published 27 Mar, 2025 05:23am

Business & Finance

Volkswagen to navigate another tricky year after 2024 profit plunge

WOLFSBURG (Germany): Volkswagen said Tuesday its profits nosedived in 2024 amid high costs and fierce Chinese...

Published 26 Mar, 2025 05:25am

World

India says quashing Volkswagen’s $1.4bn tax bill would be ‘catastrophic’

NEW DELHI: India’s government has told a court in Mumbai that agreeing to Volkswagen’s demand to quash a $1.4...

Published 25 Mar, 2025 05:37am

World

India says quashing Volkswagen’s $1.4 billion tax bill would be ‘catastrophic’

NEW DELHI: India’s government has told a court in Mumbai that agreeing to Volkswagen’s demand to quash a $1.4...

Published 23 Mar, 2025 01:00pm

Business & Finance

Audi weighs price increases to soften US tariff blow

INGOLSTADT, GERMANY: Volkswagen’s premium Audi brand is weighing whether to pass on the costs of U.S. import tariffs...

Published 18 Mar, 2025 04:50pm

Business & Finance

Volkswagen, FAW venture to launch 11 new models tailored for China from 2026

BEIJING: The joint venture of Volkswagen and FAW Group said on Monday it will launch 11 new Volkswagen and Jetta...

Published 17 Mar, 2025 10:30am

Business & Finance

China’s Ecarx explores US entry, in talks with VW to develop smart cars for Europe, CEO says

SHANGHAI: Volkswagen is in talks with digital cockpit system developer Ecarx to put the Chinese company’s...

Published 16 Mar, 2025 10:13am

World

Tesla warns it could face retaliatory tariffs

WASHINGTON: US automaker Tesla has warned that it and other major American exporters are exposed to retaliatory...

Published 14 Mar, 2025 10:18am

Business & Finance

Volkswagen to lay off 1,600 staff at Cariad software unit, Handelsblatt reports

BERLIN: Volkswagen plans to lay off 1,600 staff at its Cariad software unit by the end of the year, the Handelsblatt...

Published 11 Mar, 2025 08:46pm

Business & Finance

Volkswagen sees flat margin as cost cuts, trade tensions weigh

WOLFSBURG, GERMANY: Volkswagen, Europe’s top carmaker, forecast another challenging year of ramping up EV sales,...

Published 11 Mar, 2025 04:55pm

Business & Finance

VW may avoid 25% Trump tariff, but BMW and others face trade levy

DETROIT: Volkswagen said on Thursday that its vehicles made in North America will likely avoid being subject to the...

Published 07 Mar, 2025 11:55am

Business & Finance

India’s $1.4 billion tax demand a matter of survival for Volkswagen India unit

MUMBAI: A lawyer for an Indian unit of German carmaker Volkswagen said on Monday the country’s $1.4 billion tax...

Published 17 Feb, 2025 07:42pm

Business & Finance

Volkswagen sues India to quash ‘enormous’ $1.4bn tax demand

NEW DELHI: Volkswagen has sued Indian authorities to quash an “impossibly enormous” tax demand of $1.4 billion,...

Published 03 Feb, 2025 06:41am

Business & Finance

Volkswagen sues India to quash ‘enormous’ $1.4 billion tax demand, legal filing shows

NEW DELHI: Volkswagen has sued Indian authorities to quash an “impossibly enormous” tax demand of $1.4 billion,...

Published 02 Feb, 2025 02:28pm

Markets

Rivian says other automakers ‘knocking on door’ about tech from VW joint venture

PALO ALTO: A joint venture between US electric pickup and SUV maker Rivian and Volkswagen is in talks with other...

Published 24 Jan, 2025 10:49am

Business & Finance

Chinese buyers interested in unwanted German Volkswagen factories, source says

FRANKFURT/BERLIN: Chinese officials and automakers are eyeing German factories slated for closure and are...

Published 16 Jan, 2025 11:32am

Business & Finance

Porsche’s 2024 China sales fall by 28%

BERLIN: German sports car maker Porsche AG, reported a 28% tumble in 2024 China sales on Monday, as persistent...

Published 13 Jan, 2025 01:12pm

Business & Finance

Xpeng, Volkswagen to build ultra-fast charging network in China

BEIJING: China’s Xpeng Motors and Volkswagen have agreed to expand their partnership to cooperate on ultra-fast...

Published 06 Jan, 2025 11:29am

Business & Finance

Tesla annual deliveries fall for first time as incentives fail to drum up demand

Tesla,reported its first fall in yearly deliveries on Thursday as lucrative year-end incentives for the Elon...

Published 03 Jan, 2025 08:30am

Markets

Honda, Nissan aim to close merger talks in June 2025, source says

TOKYO: Honda and Nissan are likely to unveil on Monday a pact to explore a merger by setting up a joint holding...

Updated 23 Dec, 2024 11:38am

Business & Finance

Volkswagen nears deal with unions to keep car plants open, Bloomberg says

BERLIN: Volkswagen and labour unions are nearing an agreement to restructure the brand without closing factories in...

Published 19 Dec, 2024 11:44am

Business & Finance

Nine Volkswagen plants to strike as labour battle escalates

BERLIN: Workers at nine Volkswagen car and component plants across Germany will strike for several hours on Monday,...

Published 02 Dec, 2024 11:10am

World

Volkswagen workers to go on warning strikes across Germany

BERLIN: Volkswagen workers will go on warning strikes on Monday at plants across Germany, labour union IG Metall...

Published 02 Dec, 2024 06:04am

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

Volkswagen reports third-quarter profit slump as major overhaul looms

Volkswagen on Wednesday said its third-quarter operating profit plunged 42% as weak performance in the core...

Published 30 Oct, 2024 01:37pm

Business & Finance

Volkswagen labour chief sounds alarm on mass layoffs, three German plant closures

WOLFSBURG (Germany): Volkswagen plans to shut at least three factories in Germany, lay off tens of thousands of ...

Published 29 Oct, 2024 03:27am

World

Positive drug test: German VW exec expelled from China

FRANKFURT, (Germany): A senior executive working for German auto giant Volkswagen in China has been expelled from ...

Published 23 Oct, 2024 06:22am

Business & Finance

Volkswagen digs in as workers threaten strikes over plant closures

HANOVER (Germany): Volkswagen flatly rejected union demands after the first round of bitterly contested talks ended...

Published 26 Sep, 2024 06:48am

Technology

Google, Volkswagen partner on smartphone AI assistant

SAN FRANCISCO: Alphabet’s Google is providing key capabilities for an artificial intelligence assistant for...

Published 24 Sep, 2024 04:58pm

Business & Finance

Volkswagen goes head-to-head with workforce over proposed company cuts

BERLIN: Volkswagen management will face a tense and fearful workforce at a meeting in its headquarters on Wednesday...

Published 04 Sep, 2024 11:05am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 15	280.63
USD PKR Interbank Buying / Apr 15	280.43
USD to Japanese Yen / Apr 15	143.15
USD to Swiss Franc / Apr 15	0.81
Pound Sterling to USD / Apr 15	1.32
Euro to USD / Apr 15	1.14
UK LIBOR % / Apr 14	4.96

Stock	Volume
S&P 500 / Apr 14	5,405.97
Nasdaq / Apr 14	16,831.48
Dow Jones / Apr 14	40,524.79
India Sensex / Apr 15	76,780.06
Tokyo Nikkei / Apr 15	34,267.54
Hang Seng / Apr 15	21,470.46
FTSE 100 / Apr 15	8,209.09
Germany DAX 30 / Apr 15	21,175.70
France CAC40 / Apr 15	7,263.20

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 14	16,785
Gold 10 Grams PKR / Apr 14	290,466
Petrol/Litre / Apr 15	254.63
Crude Oil USD/Barrel / Apr 15	61.77
Gold Spot USD/Ounce / Apr 15	3,224.76
Diesel/Litre / Apr 15	258.64
Cotton US¢/pound / Apr 15	65.75

Gainers
Losers
Leaders

Stock	Price
PICIC Ins.Ltd. / Apr 15 PICIC Insurance Limited(PIL)	2.93 ▲ 0.78 (36.28%)
Gulshan Sp. / Apr 15 Gulshan Spinning Mills Limited(GSPM)	3.79 ▲ 0.62 (19.56%)
Escorts Bank / Apr 15 Escorts Investment Bank Limited(ESBL)	6.59 ▲ 0.95 (16.84%)
Tariq Corp.Pref. / Apr 15 Tariq Corporation Limited-Preference Shares(TCORPCPS)	8.29 ▲ 0.79 (10.53%)
First Capital Equities / Apr 15 First Capital Equities Limited(FCEL)	4.97 ▲ 0.47 (10.44%)
Sanghar Sugar / Apr 15 Sanghar Sugar Mills Limited(SANSM)	55.51 ▲ 5.05 (10.01%)
Redco Textile / Apr 15 Redco Textiles Limited(REDCO)	25.27 ▲ 2.3 (10.01%)
Tariq Corporation / Apr 15 Tariq Corporation Limited(TCORP)	16.16 ▲ 1.47 (10.01%)
Gammon Pak / Apr 15 Gammon Pakistan Limited(GAMON)	25.60 ▲ 2.33 (10.01%)
Bawany Air Products / Apr 15 Bawany Air Products Limited(BAPL)	34.95 ▲ 3.18 (10.01%)

Stock	Price
Arpak Int. / Apr 15 Arpak International Investments Ltd.(ARPAK)	63 ▼ -7 (-10%)
Aisha Steel(ConPS) / Apr 15 Aisha Steel(ConPS)(ASLPS)	15.11 ▼ -1.51 (-9.09%)
LSE Capital / Apr 15 LSE Capital Limited(LSECL)	5 ▼ -0.5 (-9.09%)
Power Cem(Pref) / Apr 15 Power Cement (Pref)(POWERPS)	13.55 ▼ -1.28 (-8.63%)
First Tri-Star Mod. / Apr 15 First Tri-Star Modaraba(FTSM)	12.03 ▼ -1.04 (-7.96%)
Ruby Textile / Apr 15 Ruby Textile Mills Limited(RUBY)	7.20 ▼ -0.57 (-7.34%)
Philip Morris Pak. / Apr 15 Philip Morris (Pakistan) Limited(PMPK)	1,171 ▼ -90.48 (-7.17%)
Stylers International / Apr 15 Stylers International Limited(STYLERS)	39.30 ▼ -2.7 (-6.43%)
Calcorp Ltd / Apr 15 Calcorp Limited(CASH)	37 ▼ -2.52 (-6.38%)
Janana De Malucho / Apr 15 Janana De Malucho Textile Mills Limited(JDMT)	48.55 ▼ -3.3 (-6.36%)

Stock	Volume
Cnergyico PK / Apr 15 Cnergyico PK Limited(CNERGY)	55,091,076 ▼ -0.18
Pak Int.Bulk / Apr 15 Pakistan International Bulk Terminal(PIBTL)	45,232,730 ▼ -0.25
Sui South Gas / Apr 15 Sui Southern Gas Company Limited(SSGC)	31,842,819 ▼ -0.61
B.O.Punjab / Apr 15 The Bank of Punjab(BOP)	27,341,890 ▼ -0.14
TRG Pak Ltd / Apr 15 TRG Pakistan Limited(TRG)	21,450,408 ▲ 3.76
Dewan Cement / Apr 15 Dewan Cement Limited(DCL)	19,356,973 ▲ 0.22
Pak Elektron / Apr 15 Pak Elektron Limited(PAEL)	17,487,097 ▼ -0.32
Engro Powergen / Apr 15 Engro Powergen Qadirpur Limited(EPQL)	15,435,358 ▲ 0.53
Fauji Foods Ltd / Apr 15 Fauji Foods Limited(FFL)	15,345,048 ▲ 0.53
K-Electric Ltd. / Apr 15 K-Electric Limited(KEL)	13,886,346 ▼ -0.01

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