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Tesla to give Model S its First Major Makeover

Tesla has just announced the its Model S electric sedan will be getting its first major redesign.

Published 28 Jan, 2021 05:26pm

Business & Finance

Germany's VDA sees domestic passenger car market up 8pc in 2021

VDA said it expected the market to slowly improve in the second half of the year if the pandemic was contained.
Passenger car sales are expected to grow by 12% in Europe to 13.4 million vehicles and by 9% in the US this year, VDA said.

Published 26 Jan, 2021 05:19pm

Business & Finance

GM warns Indian state's move to block its exit could hit investment

GM's comments came after authorities in Maharashtra earlier this week rejected the automaker's application to cease operations at its plant in the western Indian state amid protests by workers.
In January 2020, it agreed to sell its second factory in the state's Talegaon district to Chinese automaker Great Wall Motor Co.

Published 22 Jan, 2021 08:31pm

Business & Finance

Turning corona corner, Volkswagen's profit falls less than feared

2020 adj op profit 10 bln euros vs 19.3 bln in 2019.
VW says deliveries recovered strongly in Q4.
Shares hit 11-month high.

Published 22 Jan, 2021 06:00pm

Business & Finance

Tesla's Rivals follow NIO in Achieving the 1000km Driving Range

Tesla's rivals and Chinese partners of General Motors, Toyota and Honda also follow NIO's lead to develop cutting-edge batteries that can allow automobiles to achieve the 1000km driving range on a single charge.

Published 22 Jan, 2021 04:12pm

Business & Finance

MG Motors Pakistan Finally Revealed Prices for its SUV MG ZS

The new SUV will be priced at Rs 4.1 million, which will make it the cheapest SUV to be launched in Pakistan.

Published 20 Jan, 2021 02:45pm

Business & Finance

Coronavirus slows Czech car output to six-year low in 2020

Shutdowns in the early weeks of the coronavirus crisis hammered output but the Czech Republic's three car plants came close to matching 2019 production in the second half of 2020.
This has bolstered industrial output figures in the country of 10.7 million people.

Published 19 Jan, 2021 05:33pm

Markets

Automart: car prices in Karachi

KARACHI: The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (January...

Updated 17 Jan, 2021 04:39am

Business & Finance

MG Motor gets the Greenfield status for Car Manufacturing in Pakistan

Morris Garages (MG) Motor has received the Greenfield status to manufacture cars in Pakistan.

Published 15 Jan, 2021 01:10pm

Business & Finance

Toyota settles US probe into delayed emissions defect reports for $180mn

The US Attorney's Office in Manhattan is set to announce the settlement later on Thursday.
The $180 million fine is the largest civil penalty for violation of EPA's emission-reporting requirements.

Published 14 Jan, 2021 09:41pm

Business & Finance

Indian automaker Mahindra cuts over half of North America workforce

The sources did not give a figure for the number of jobs lost at the business, which had over 500 employees in early 2020.
The cuts come as Mahindra reviews its businesses in a drive to conserve capital and retain only those that make money or have the potential to be profitable.

Updated 13 Jan, 2021 11:17pm

Business & Finance

Ford plant closures to aid overseas profitability: J.P. Morgan

The United States' No. 2 automaker on Monday said it would take pretax charges of about $4.1 billion to close the Brazilian plants

Published 12 Jan, 2021 06:58pm

Business & Finance

Pakistan's Cheapest Sedan Changan Alsvin Costs Rs2.2M

The 1.3L Manual Comfort is priced at Rs2.199 million, whereas the 1.5L DCT Comfort and the 1.5L DCT Lumiere cost Rs2.399 million and Rs2.549 million, respectively.

Published 11 Jan, 2021 03:56pm

Business & Finance

Ghandhara Isuzu Plans on Launching MU-X SUV in Pakistan

The Ghandhara Isuzu is planning to launch MU-X SUV in Pakistan to compete with Toyota Fortuner.

Updated 09 Jan, 2021 03:58pm

Business & Finance

Pakistan's Largest Rikshaw Manufacturer Sazgar to Enter the Cars Market

Sazgar, the largest rikshaw manufacturer in Pakistan, plans on entering the cars market with four cars this year.

Published 08 Jan, 2021 02:07pm

Business & Finance

Hyundai Pakistan to Boost Production by 100pc

Hyundai Pakistan plans on increasing its production capacity by 100 percent in the first quarter of the new year.

Published 08 Jan, 2021 02:03pm

Business & Finance

Ford quarterly US sales fall 9.8pc as truck sales dip

The No. 2 US automaker sold 542,749 vehicles in the fourth quarter, down from 601,862 a year earlier.
Sales of its SUVs, however, rose 4% to 216,732 units.

Published 06 Jan, 2021 09:02pm

Business & Finance

Italy's CNH revives Iveco sale talks with Chinese automaker FAW

Discussions were put on hold last year after the state-owned Chinese company had made a preliminary offer in July.
FAW has made an improved offer in the latest discussions and wants to acquire all of Iveco's commercial vehicles business

Published 06 Jan, 2021 05:46pm

Business & Finance

General Motors US auto sales rise 4.8pc in fourth quarter

The US automaker said its sales rose to 771,323 units from 735,909 units a year ago.
Widening vaccination rates and warmer weather should enable consumers and businesses to return to a more normal range of activities.

Published 05 Jan, 2021 09:16pm

Business & Finance

Carmaker Bentley posts record 2020 sales thanks to China boost

Demand increased by 48% in China thanks to the popularity of the new Flying Spur, and rose by 4% in the Americas.
As we look to the year ahead we remain cautiously optimistic as much remains uncertain.

Published 05 Jan, 2021 09:05pm

Business & Finance

Honda halts UK car output on Tuesday and Wednesday due to supply delays

Honda also suspended production for a few days in December as some major container ports.
The pandemic has upended normal trade flows, leaving stranded empty cargo containers in the wrong places.

Published 05 Jan, 2021 08:56pm

Business & Finance

Yamaha bike prices rise by Rs6000

Following Atlas Honda's lead, Yamaha Motor Pakistan also raised its bike prices by Rs. 6,000.
These prices will come into effect from the 7th of January 7th, 2021.

Published 04 Jan, 2021 03:11pm

Business & Finance

United Motors to Launch its 1000cc hatchback Alpha today

United Motors is launching another hatchback, the 1000cc United Alpha, at an event at the PC Hotel in Lahore today.

Updated 02 Jan, 2021 05:17pm

Business & Finance

Nissan Motor to reduce presence in Europe as part of turnaround plan

Nissan will cut its distribution channels in thirty countries, mainly in East Europe.
The Japanese motor company is currently moving its operations away from Europe and shifting its focus to China, the United States, and Japan.

Published 01 Jan, 2021 07:31pm

Business & Finance

Sigma Motors Launches Pakistan's First Solar, Electric and Fuel Car.

Sigma Motors Launches its hybrid car HS Q4 in Pakistan with three different solar, electric and fuel variants.

Published 31 Dec, 2020 05:10pm

Business & Finance

Fiat Chrysler to invest 2bn euros in Poland

Modern, hybrid and electric cars of the Jeep, Fiat and Alfa Romeo brands will start to leave the factory in Tychy in 2022.
Fiat Chrysler confirmed that new hybrid and electric Jeep, Fiat and Alfa Romeo models would be built in Tychy.

Published 29 Dec, 2020 06:12pm

Business & Finance

Proton Saga to Launch in Pakistan in January 2021

After introducing its Proton X70 to the Pakistani market, Proton is now launching the Proton Saga in January 2021

Published 29 Dec, 2020 05:35pm

Business & Finance

GM's union in South Korea approves second tentative labour deal

The result came after union negotiators reached a second tentative agreement with GM last week after the union members rejected the first deal.

Published 18 Dec, 2020 05:01pm

Business & Finance

Fiat Chrysler to spend $150mn setting up global tech centre in India

The automaker, which produces and sells its Jeep sport-utility vehicle in India, said it plans to increase hiring for the technology centre over the next two to three years.

Published 16 Dec, 2020 01:15pm

Business & Finance

Hyundai's Elantra and Sonata to Launch in Pakistan

Hyundai is planning to launch two more passenger cars, Elantra and Sonata, in Pakistan soon.

Published 10 Dec, 2020 03:28pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 30	278.40
USD PKR Interbank Buying / Apr 30	278.20
USD to Japanese Yen / Apr 30	156.75
USD to Swiss Franc / Apr 30	0.91
Pound Sterling to USD / Apr 30	1.25
Euro to USD / Apr 30	1.07

Stock	Volume
S&P 500 / Apr 29	5116.17
Nasdaq / Apr 29	15983.08
FTSE 100 / Apr 29	8147.03
Dow Jones / Apr 29	38386.09
Germany DAX 30 / Apr 29	18118.32
France CAC40 / Apr 29	8065.15
India Sensex / Apr 30	75020.21
Tokyo Nikkei / Apr 30	38337.50

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 29	209105
Petrol/Litre / Apr 30	293.94
Crude Oil USD/Barrel / Apr 30	82.43
Gold Spot USD/Ounce / Apr 30	2326.07
Diesel/Litre / Apr 30	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 30 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 30 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 30 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 30 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 30 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 30 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 30 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 30 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 30 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 30 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 30 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 30 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 30 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 30 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 30 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 30 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 30 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 30 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 30 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 30 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 30 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 30 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 30 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 30 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 30 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 30 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 30 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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