Trends - automaker - Business Recorder

automaker

Autos: Not here to make friends

By 11M, automobile volumes had risen more than 50 percent compared to last year, ready to make a volumetric splash ...

Published 04 Jul, 2022 09:32am

Business & Finance

GM vehicle sales tumble 15% as chip crunch, supply snags drag

General Motors Co reported a 15% drop in second-quarter auto sales on Friday, as a global chip shortage and supply...

Published 01 Jul, 2022 06:54pm

Pakistan

Pakistan Auto Show 2022 begins in Lahore

LAHORE: All is set to enthral the car lovers and popular auto players to exhibit their innovations at the Pakistan...

Published 30 Jun, 2022 07:10am

Business & Finance

BMW starts production at new $2.2bn China plant to ramp up EV output

SHANGHAI: Germany’s BMW said on Thursday that production has formally begun at a new plant in China with an...

Published 23 Jun, 2022 11:37am

BR Research

Autos: Start-stop

Over the past two years, policymakers have reduced or raised taxes, and imposed or relaxed restrictions, at times to...

Published 20 Jun, 2022 09:29am

Business & Finance

Toyota to halt more Japan production in June, July

Toyota Motor Corp said on Thursday it plans an additional domestic factory line production suspension in June and...

Published 16 Jun, 2022 04:58pm

Business & Finance

US automaker CEOs, Toyota urge Congress to lift EV tax credit cap

WASHINGTON: General Motors Co, Ford Motor Co, Chrysler-parent Stellantis NV and Toyota Motor North America on Monday...

Published 13 Jun, 2022 08:53pm

Markets

Toyota to slash production plan, suspend some domestic operation due to COVID lockdown in China

TOKYO: Toyota Motor Corp said on Tuesday it would suspend operations on 14 lines at eight domestic factories for up...

Published 10 May, 2022 05:18pm

Business & Finance

After Toyota and Honda, Pak Suzuki hikes car prices by as much as Rs129,000

Suzuki Swift's GLX CVT variant sees biggest hike

Published 09 May, 2022 06:09pm

Business & Finance

French prosecutors issue international arrest warrant for ex-Nissan boss

NANTERRE, (France): French authorities have issued an international arrest warrant for disgraced former Nissan boss...

Published 23 Apr, 2022 04:45am

Business & Finance

After IMC and Honda, Pak Suzuki jacks up car prices

Newly-launched Swift variant, the GLX-CVT, sees hike of Rs270,000

Published 02 Apr, 2022 12:07pm

Business & Finance

Overall auto market to contract 10-15% as car prices come under pressure: Indus Motor CEO

KARACHI: Rising freight charges and ongoing rupee depreciation have not only put car prices under pressure, but will...

Updated 22 Mar, 2022 09:57pm

Business & Finance

Indus Motor expected to hike auto rates

IMC could increase car prices by 12-15% amid hike in freight charges and local currency devaluation, says report

Updated 18 Mar, 2022 09:17pm

BR Research

Auto: Pipe dreams

In 8MFY22, sales for locally assembled vehicles by the Pakistan Automotive Manufacturer’s Association...

Published 15 Mar, 2022 08:05am

Business & Finance

IMC declares Rs10.18bn PAT for first half of FY22

KARACHI: The Board of Directors of Indus Motor Company (IMC) met on February 24, 2022 to review, evaluate and...

Published 26 Feb, 2022 04:37am

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

BR Research

Auto policy: poor timing?

The upcoming auto policy carries a mix bag of presents. Some industry players are unhappy. Government and ...

Published 28 Dec, 2021 08:25am

Editorials

Demystifying new auto policy

EDITORIAL: The new auto policy is in the making. The government is attempting to develop a core base in small cars...

Published 27 Dec, 2021 06:45am

BR Research

Autos: The more things change…

The more they remain the same. It was inevitable that car makers would raise prices as their costs increased (price...

Published 17 Nov, 2021 07:44am

Business & Finance

New auto policy places strong focus on export, says EDB chief

KARACHI: Engineering Development Board (EDB) chairman Almas Hyder said around 8 million vehicles in different...

Updated 16 Nov, 2021 10:48am

Business & Finance

Daimler quarterly profits up despite chip crisis

BERLIN: German luxury automaker Daimler on Friday reported a strong profit boost in the third quarter despite a ...

Published 01 Nov, 2021 05:02am

Business & Finance

New auto policy: ‘Ministry likely to take draft to govt for approval in 2 weeks’

ISLAMABAD: The Ministry of Industries and Production will likely take draft of the new auto policy to the federal...

Updated 21 Oct, 2021 09:43am

Markets

Geely's Volvo Cars sets IPO price range, seeking up to $23 billion valuation

The transaction, including expected converted investments by investors AMF and Folksam, was seen resulting in a free float of about 19.5% to 24.0%, Volvo says

Published 18 Oct, 2021 06:53pm

BR Research

Love and hate for EVs

The new finance minister came with several concessions in the budget to spur economic activities. However, the party...

Published 24 Sep, 2021 07:25am

Business & Finance

PAAPAM inks MoU with Mexican counterpart

KARACHI: Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) has signed a Memorandum of...

Published 21 Sep, 2021 04:10am

Business & Finance

Ford wakes up badly burnt from its India dream

Ford takes a $2 billion hit to stop making cars in India
Sales have stagnated at about 3 million cars

Published 17 Sep, 2021 05:22pm

BR Research

Auto localizing vs imports

Pakistan is supporting automobile assembling for over three decades. There has been an economic debate on the...

Published 10 Aug, 2021 08:28am

Business & Finance

Auto industry to get more breathing space

ISLAMABAD: Federal Secretary Ministry of Industries and Production (MOI&P) Kamran Afzal has said that the...

Published 03 Aug, 2021 04:35am

Business & Finance

Ford recalls 775,000 Explorer SUVs

"Affected vehicles may experience a clunk noise, unusual handling, or a misaligned rear wheel," Ford said.

Published 16 Jul, 2021 08:20pm

BR Research

Autos: Turning the page?

The government and automakers—new and old alike—are finally on the same page. This meeting of the minds reflects...

Published 15 Jul, 2021 08:05am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 19	278.45
USD PKR Interbank Buying / Apr 19	278.15
USD to Japanese Yen / Apr 19	154.37
USD to Swiss Franc / Apr 19	0.91
Pound Sterling to USD / Apr 19	1.24
Euro to USD / Apr 19	1.06

Stock	Volume
S&P 500 / Apr 18	5011.12
Nasdaq / Apr 18	15601.50
Dow Jones / Apr 18	37775.38
India Sensex / Apr 19	72222.48
Tokyo Nikkei / Apr 19	37068.35
Hang Seng / Apr 19	16205.02
FTSE 100 / Apr 19	7834.89
Germany DAX 30 / Apr 19	17717.67

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 18	21735
Gold 10 Grams PKR / Apr 18	214077
Crude Oil USD/Barrel / Apr 19	84.27
Gold Spot USD/Ounce / Apr 19	2382.04
Cotton US¢/pound / Apr 19	80.67
Petrol/Litre / Apr 20	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 20 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 20 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 20 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 20 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 20 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 20 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 20 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 20 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 20 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 20 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 20 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 20 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 20 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 20 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 20 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 20 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 20 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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