Trends - Volkswagen - Business Recorder

Volkswagen

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

Business & Finance

Volkswagen considers historic German plant closures

BERLIN: Volkswagen is considering closing factories in Germany for the first time, in a move that shows the pressure...

Published 03 Sep, 2024 06:27am

Business & Finance

Volkswagen’s profit falls as restructuring, costs weigh on first half

Volkswagen on Thursday reported a 2.4% drop in its second quarter operating profit as Europe’s top automaker...

Published 01 Aug, 2024 11:32am

Business & Finance

Volkswagen’s $5bn investment in Rivian boosts EV maker’s shares

SAN FRANCISCO: German automaker Volkswagen Group will invest up to $5 billion in US electric-vehicle maker Rivian as...

Published 26 Jun, 2024 11:27am

Markets

STOXX 600 ends at record high; BBVA weighs on Spain

PARIS: Europe’s benchmark index inched up to close at a record high on Thursday, driven by a jump in industrial...

Published 10 May, 2024 04:17am

Business & Finance

Volkswagen profits fall in ‘slow start to year’

FRANKFURT: German auto giant Volkswagen reported Tuesday that profits fell sharply at the start of the year as...

Published 30 Apr, 2024 11:20am

Business & Finance

Volkswagen says profits in 2023 hiked, but warns on slow sales growth

FRANKFURT: German auto giant Volkswagen on Wednesday reported a forecast-beating rise in profits for 2023 as vehicle...

Published 28 Mar, 2024 06:30am

Business & Finance

Volkswagen reports strong profit rise for 2023

FRANKFURT: German auto giant Volkswagen on Wednesday reported a robust rise in profits for 2023, with sales in...

Published 13 Mar, 2024 12:15pm

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

Business & Finance

German court rules against VW’s ‘dieselgate’ software fix

FRANKFURT: A German court ruled Wednesday that software updates meant to fix the “dieselgate” emissions cheating...

Published 18 Jan, 2024 05:54am

World

Former VW boss’s market manipulation trial revived

BERLIN: A German court said Thursday it would resume the trial of former Volkswagen boss Martin Winterkorn for ...

Published 29 Dec, 2023 02:58am

Markets

Wall St set for subdued open in shortened trading session

US stocks were poised for a largely muted open on Friday in a shortened trading session for Thanksgiving, while...

Published 24 Nov, 2023 07:23pm

Business & Finance

Volkswagen lags behind profitability targets in Q3

BERLIN: Volkswagen confirmed on Thursday preliminary results of 78.8 billion euros ($83.07 billion) in Q3 sales and...

Published 26 Oct, 2023 11:08am

Business & Finance

Volkswagen offices searched in connection with works council salaries

BERLIN: Prosecutors have searched four Volkswagen locations on allegations of excessive salaries for members of the...

Published 27 Sep, 2023 05:54pm

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

Volkswagen profits dip as it struggles in China

FRANKFURT: Volkswagen said Thursday its profits slipped in the second quarter as it battles to regain ground in...

Published 27 Jul, 2023 01:16pm

Business & Finance

VW eyes sales growth powered by US, China

FRANKFURT: German car giant Volkswagen said Wednesday it was targeting sales growth of five to seven percent ...

Published 26 Jun, 2023 06:38am

Business & Finance

VW eyes sales growth powered by US, China

FRANKFURT: German car giant Volkswagen said Wednesday it was targeting sales growth of five to seven percent...

Published 21 Jun, 2023 07:43pm

Business & Finance

Volkswagen unveils plan to boost flagship brand

FRANKFURT: German auto giant Volkswagen unveiled a plan Wednesday to more than double its flagship VW brand’s return...

Published 14 Jun, 2023 09:36pm

Markets

Markets rally on US debt deal optimism

LONDON: Asian and European stock markets advanced Thursday, tracking a Wall Street rally in optimism over talks to...

Updated 18 May, 2023 05:13pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 24	278.53
USD PKR Interbank Buying / Dec 24	278.33
USD to Japanese Yen / Dec 24	157.10
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
S&P 500 / Dec 23	5,974.07
Nasdaq / Dec 23	19,764.89
Dow Jones / Dec 23	42,906.95
Germany DAX 30 / Dec 23	19,848.77
India Sensex / Dec 24	78,616.57
Tokyo Nikkei / Dec 24	39,036.85
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,130.86

Item	Value
Gold 10 Grams PKR / Dec 23	241,087.80
Crude Oil USD/Barrel / Dec 24	69.54
Karachi Cotton PKR/37.32 KG / Dec 24	17,785
Gold Spot USD/Ounce / Dec 24	2,618.54
Cotton US¢/pound / Dec 24	69.13
Petrol/Litre / Dec 25	252.10

Gainers
Losers
Leaders

Stock	Price
Sec. Inv. Bank / Dec 24 Security Investment Bank Limited(SIBL)	5.99 ▲ 1.00 (20.04%)
Next Capital / Dec 24 Next Capital Limited(NEXT)	8.90 ▲ 1.00 (12.66%)
Pak Agro Pack. (GEM) / Dec 24 Pak Agro Packaging Limited (GEM)(GEMPAPL)	9 ▲ 1.00 (12.50%)
Ghani Chem. Ind. / Dec 24 Ghani Chemical Industries Limited(GCIL)	16.13 ▲ 1.47 (10.03%)
Pak Gulf Leasing / Dec 24 Pak-Gulf Leasing Company Limited(PGLC)	14.37 ▲ 1.31 (10.03%)
Popular Islamic / Dec 24 Popular Islamic Modaraba(PIM)	15.58 ▲ 1.42 (10.03%)
Mandviwala / Dec 24 Mandviwala Mauser Plastic Industries(MWMP)	16.59 ▲ 1.51 (10.01%)
Blessed Tex. / Dec 24 Blessed Textiles Limited(BTL)	301.77 ▲ 27.43 (10.00%)
Crescent Cotton / Dec 24 Crescent Cotton Mills Limited(CCM)	55 ▲ 5.00 (10.00%)

Stock	Price
S.G.Power / Dec 24 S.G. Power Limited(SGPL)	10.58 ▼ -1.18 (-10.03%)
Olympia Mills / Dec 24 Olympia Mills Limited(OML)	36 ▼ -4.00 (-10.00%)
J.A.Textile / Dec 24 J.A. Textile Mills Limited(JATM)	33.95 ▼ -3.77 (-9.99%)
Sanghar Sugar / Dec 24 Sanghar Sugar Mills Limited(SANSM)	26.16 ▼ -2.90 (-9.98%)
I.C.C. Ind. / Dec 24 ICC Industries Limited(ICCI)	9.85 ▼ -1.07 (-9.80%)
National Silk / Dec 24 The National Silk & Rayon Mills Limited(NSRM)	50.01 ▼ -5.43 (-9.79%)
Gulshan Sp. / Dec 24 Gulshan Spinning Mills Limited(GSPM)	4.10 ▼ -0.40 (-8.89%)
Crescent Fib. / Dec 24 Crescent Fibres Limited(CFL)	40.16 ▼ -3.81 (-8.66%)
Reliance Ins. / Dec 24 Reliance Insurance Company Limited(RICL)	11.55 ▼ -1.05 (-8.33%)

Stock	Volume
WorldCall Telecom / Dec 24 Worldcall Telecom Limited(WTL)	126,573,463 ▲ 0.05
Fauji Foods Ltd / Dec 24 Fauji Foods Limited(FFL)	66,984,381 ▲ 0.49
Cnergyico PK / Dec 24 Cnergyico PK Limited(CNERGY)	66,471,663 ▼ -0.27
Pak Elektron / Dec 24 Pak Elektron Limited(PAEL)	38,651,653 ▼ -1.53
K-Electric Ltd. / Dec 24 K-Electric Limited(KEL)	36,108,956 ▼ -0.18
Sui South Gas / Dec 24 Sui Southern Gas Company Limited(SSGC)	33,467,532 ▼ -0.50
P.T.C.L. / Dec 24 Pakistan Telecommunication Company Ltd(PTC)	33,030,118 ▼ -1.31
TRG Pak Ltd / Dec 24 TRG Pakistan Limited(TRG)	29,441,264 ▲ 3.35
Pace (Pak) Ltd. / Dec 24 Pace (Pakistan) Limited(PACE)	28,106,970 ▼ -0.18

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