Trends - Volkswagen - Business Recorder

Volkswagen

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

Business & Finance

Canada, Volkswagen to invest more than C$20bn in battery gigafactory

OTTAWA: Canada and Volkswagen on Friday outlined financing of more than C$20 billion ($14.8 billion) for a battery...

Published 22 Apr, 2023 03:38am

World

Canada pledges Can$13.2 bn subsidies for VW battery plant

OTTAWA: Canadian Prime Minister Justin Trudeau announced Friday up to 13.2 billion Canadian dollars ($9.8 billion) ...

Published 21 Apr, 2023 11:16pm

Business & Finance

Volkswagen says it will invest 1 billion euro in China EV centre

SHANGHAI: German carmaker Volkswagen said Tuesday it would invest one billion euros ($1.1 billion) in a new...

Published 18 Apr, 2023 06:04pm

Markets

Volkswagen to partner on Indonesia EV battery ecosystem

JAKARTA: Volkswagen will build an electric vehicle (EV) battery ecosystem in Indonesia and will partner with miner...

Published 17 Apr, 2023 11:36am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 22	277.85
USD PKR Interbank Buying / Nov 22	277.65
USD to Japanese Yen / Nov 23	154.78
USD to Swiss Franc / Nov 23	0.89
Pound Sterling to USD / Nov 23	1.25
Euro to USD / Nov 23	1.04

Stock	Volume
S&P 500 / Nov 22	5,969.34
India Sensex / Nov 22	79,117.11
Tokyo Nikkei / Nov 22	38,283.85
Nasdaq / Nov 22	18,003.65
Hang Seng / Nov 22	19,229.97
FTSE 100 / Nov 22	8,262.08
Dow Jones / Nov 22	44,296.51
Germany DAX 30 / Nov 22	19,322.59

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 22	17,785
Gold 10 Grams PKR / Nov 22	240,483
Crude Oil USD/Barrel / Nov 23	71.24
Gold Spot USD/Ounce / Nov 23	2,716.19
Cotton US¢/pound / Nov 23	70.77
Petrol/Litre / Nov 24	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▼ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▼ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▼ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▲ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▲ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▲ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 24 Worldcall Telecom Limited(WTL)	177,135,830 ▲ 0.00
K-Electric Ltd. / Nov 24 K-Electric Limited(KEL)	124,131,268 ▲ 0.00
Hascol Petrol / Nov 24 Hascol Petroleum Limited(HASCOL)	105,013,176 ▲ 0.00
Fauji Foods Ltd / Nov 24 Fauji Foods Limited(FFL)	77,697,371 ▲ 0.00
Treet Battery / Nov 24 Treet Battery Limited(TBL)	43,783,366 ▲ 0.00
B.O.Punjab / Nov 24 The Bank of Punjab(BOP)	36,573,763 ▲ 0.00
Sui South Gas / Nov 24 Sui Southern Gas Company Limited(SSGC)	32,719,678 ▲ 0.00
PIA Holding Co.Ltd / Nov 24 PIA Holding Company Limited(PIAHCLA)	27,969,689 ▲ 0.00
Cnergyico PK / Nov 24 Cnergyico PK Limited(CNERGY)	25,874,820 ▲ 0.00

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Volkswagen

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