Trends - Automakers - Business Recorder

Automakers

Indian carmakers seek extra year to meet fuel efficiency rules

NEW DELHI: Indian automakers are seeking an extra year to meet tighter rules on fuel efficiency, aimed at reducing...

Published 04 Aug, 2021 04:14am

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

BR Research

Auto policy revs up

After much fanfare of its predecessor that expires this month, a new automobile development policy is in...

Published 23 Jun, 2021 07:25am

Business & Finance

Ford's electric Mustang tops Norway car sales in May

Battery electric vehicles made up 60.4% of all new cars sold in Norway last month, the Norwegian Road Federation (OFV) said, up from 43.1% a year ago as the country seeks to become the first to end the sale of petrol and diesel engines by 2025.

Published 01 Jun, 2021 07:18pm

Business & Finance

New Honda City to be launched in July

Honda Motor Company is expected to launch its new Honda City in July; pre-bookings have already begun.

Published 18 May, 2021 10:36am

Opinion

New US electric car chargers are a green leap of faith

It has been a long road for electric cars in the United States, but myriad announcements by major automakers signal...

Published 13 May, 2021 03:10am

Business & Finance

Toyota annual net profit jumps 10.3pc

TOKYO: Toyota’s full-year net profit jumped 10.3 percent even as the pandemic hit the auto industry, the Japanese...

Published 13 May, 2021 03:10am

Markets

Japanese shares surge

TOKYO: Japanese shares gained on Monday, as a strong finish last week on Wall Street boosted risk appetite, while...

Published 11 May, 2021 04:39am

Business & Finance

Auto Financing in Pakistan reach a record high of of Rs285bn in March 2020

Auto financing in the country has also witnessed an all time high with a monthly increase of Rs 12 billion during the month of March 2021.
This increase in car financing can be attributed to a decrease in interest rates to 7 percent in March 2021 as compared to 13.5 in the same month last year.

Updated 21 Apr, 2021 07:59pm

Business & Finance

Mercedes-Benz unveils its 2022 EQS Luxury Electric Sedan

Mercedes-Benz has finally unveiled its 2022 EQS Luxury Electric Sedan, featuring a two-tone paint design, larger battery, a huge infotainment screen, and luxurious interior.

Published 16 Apr, 2021 06:39pm

Business & Finance

Yamaha's New YBR 125 comes with a Price Hike

Yamaha launched its new YBR 125 with a price hike of Rs. 7000.
The new model will now be priced at Rs. 188,000.

Published 14 Apr, 2021 07:07pm

Business & Finance

Ford to offer hands-free driving in some car, truck models later this year

The automaker said its BlueCruise technology will be offered on its 2021 model year F-150 pickup trucks and the Mustang Mach-E electric crossovers equipped with its Co-Pilot360 driver assistance package.
Rivals General Motors Co and Tesla Inc also offer similar driving assistance technologies called the 'Super Cruise' and 'Autopilot', respectively.

Published 14 Apr, 2021 05:45pm

Business & Finance

Corolla Cross is Finally Open for Bookings

Toyota Indus Motors (IMC) has finally announced that its Corolla Cross is open for bookings.
Corolla Car will also be launched in three variants, i.e., Premium High Grade, Smart Mid Grade, and Low Grade.
Corolla Cross deliveries will start from the 1st of July, 2021.

Updated 13 Apr, 2021 07:22pm

Business & Finance

Tesla reports higher 1Q auto deliveries

NEW YORK: Tesla reported a jump in first-quarter auto deliveries on Friday, topping leading estimates, as it cited...

Published 03 Apr, 2021 03:41am

Business & Finance

Automakers say 2020 production plunged in 'worst crisis ever'

PARIS: Global production of automobiles tumbled by 16 percent last year to a level last seen in 2010 as the industry...

Published 31 Mar, 2021 05:42am

Business & Finance

Automakers say 2020 production plunged in 'worst crisis ever'

In Asia however, which accounts for half of all vehicles produced worldwide, the decline was more modest, at 10 percent.

Published 25 Mar, 2021 07:06pm

Business & Finance

Lamborghini made the most profit amidst the Pandemic

Lamborghini had its most profitable year in history during the COVID-19 pandemic. Although revenues may have been...

Published 22 Mar, 2021 06:52pm

Business & Finance

Renault sees its electric, hybrid car sales doubling

PARIS: France’s Renault expects its sales of electric and hybrid cars to more than double to 350,000 in 2021, two...

Updated 22 Mar, 2021 09:44am

Business & Finance

Sazgar Engineering to bring another Chinese SUV brand to Pakistan

SEWL will now partner with the Great Wall Motors (GWM) of China, which owns an SUV brand called HAVAL.
SEWL is initially planning to launch the latest generation of two HAVAL SUVs, namely HAVAL H6 and HAVAL Jolion, in the Pakistani market.

Published 20 Mar, 2021 03:31pm

Business & Finance

5,000 MG Cars cleared at Karachi Port

The court ordered to release 5,000 Morris Garages (MG) vehicles stuck at the Karachi port.

Published 11 Mar, 2021 03:03pm

Business & Finance

New Suzuki Swift to hit the local market after 11 years.

Pak Suzuki announced that the new Suzuki Swift will hit the local market after 11 years, after the company decided to discontinue the old model in August 2021.

Published 06 Mar, 2021 03:22pm

Business & Finance

Honda launches advanced self-driving cars in Japan

For now, analysts say automakers are still a long way from a true Level 4 system, in which a car is considered to no longer have a driver, just passengers.

Published 05 Mar, 2021 10:05am

Business & Finance

Betting on death of petrol cars, Volvo to go all electric by 2030

Volvo CEO says customers won't want a petrol engine in future.
Carmakers racing to switch to zero-emissions models.
Volvo targets 50% of its sales fully electric cars, 50% hybrid by 2025.
Volvo launches C40 model, a fully electric SUV.

Published 02 Mar, 2021 07:40pm

Business & Finance

KIA Lucky Motors Reveals Prices for Sorento

KIA Lucky Motors has revealed prices for all three variants of its new SUV KIA Sorento.
The 2.4 Front Wheel Drive variant will be priced at Rs. 6,999,000, while the price of 2.4 All Wheel Drive and 3.5 Front Wheel Drive variants will be Rs. 7,999,000 and Rs. 8,399,000, respectively.

Published 18 Feb, 2021 04:40pm

Business & Finance

Nissan denies being part of Apple car discussions

Nissan denied recent reports about it being in talks with Apple Inc for the tech giant's autonomous car project.

Published 15 Feb, 2021 03:57pm

Business & Finance

Honda and Nissan to sell a quarter of a million fewer cars because of chip shortage

The automakers made the announcement as they unveiled brighter outlooks for the financial year ending March 2021 as automobile markets.
Popular models that sell well were hit hard by semiconductor shortage.

Updated 09 Feb, 2021 11:32pm

Business & Finance

Duty-Free Imports Of Electric 2-3 Wheelers Allowed in Pakistan: FBR

FBR announced exemptions from Additional Customs Duty (ACD) on imports of electric 2-3 wheelers till the 30th of June, 2025.

Published 05 Feb, 2021 03:29pm

Business & Finance

Pak Suzuki Bike Prices Rise up to Rs4K

Pak Suzuki increased prices for three of its bikes: Suzuki GS 150, GS 150SE and GR 150.
New prices will come into effect from the 1st of February, 2021.

Updated 03 Feb, 2021 03:37pm

Business & Finance

Toyota, Fiat Chrysler drop support for Trump effort to bar California emissions rules

The automakers said they were aligned "with the Biden administration's goals to achieve year-over-year improvements in fuel economy standards."
Nissan Motor Co in December withdrew from the challenge after GM's decision in November shocked the industry and won praise from Biden.

Updated 02 Feb, 2021 07:36pm

Business & Finance

Monthly Passenger Car Sales Drop by 6pc in December 2020

The sale and production of passenger cars in Pakistan has dropped in December 2020, according to the Pakistan Automotive Manufacturers Association (PAMA).
1300 cc and Above contributed the most to this drop in passenger car sales.

Published 18 Jan, 2021 01:19pm

Gainers
Losers
Leaders

Stock	Price
Sally Tex. / Sep 24 Sally Textile Mills Limited(SLYT)	6.50 ▲ 1.00 (18.18%)
Security Bank / Sep 24 Security Investment Bank Limited(SIBL)	6.90 ▲ 0.88 (14.62%)
Khurshid Spinng / Sep 24 Khurshid Spinning Mills Limited(KHSM)	9.09 ▲ 0.95 (11.67%)
Redco Tex. / Sep 24 Redco Textiles Limited(REDCO)	8.19 ▲ 0.69 (9.20%)
Ghazi Fab. / Sep 24 Ghazi Fabrics International Limited(GFIL)	9.29 ▲ 0.78 (9.17%)
Quetta Textile / Sep 24 Quetta Textile Mills Limited(QUET)	12.05 ▲ 0.96 (8.66%)
First Equity Mod. / Sep 24 First Equity Modaraba(FEM)	8.00 ▲ 0.62 (8.40%)
Kohinoor Power / Sep 24 Kohinoor Power Company Limited(KOHP)	5.50 ▲ 0.42 (8.27%)
Habib Metro Mod / Sep 24 Habib Metro Modaraba(HMM)	9.40 ▲ 0.68 (7.80%)
Askari Gen. / Sep 24 Askari General Insurance Company Limited(AGIC)	21.50 ▲ 1.50 (7.50%)

Stock	Price
Pak Gen. Ins. / Sep 24 The Pakistan General Insurance Co. Ltd.(PKGI)	4.20 ▲ -1.00 (-19.23%)
PICIC Insurance / Sep 24 PICIC Insurance Limited(PIL)	1.30 ▲ -0.20 (-13.33%)
First Fid. Leas. / Sep 24 First Fidelity Leasing Modaraba(FFLM)	4.02 ▲ -0.48 (-10.67%)
Dar-es-Salaam / Sep 24 Dar-es-Salaam Textile Mills Limited(DSML)	9.00 ▲ -1.00 (-10.00%)
Ist Paramount / Sep 24 First Paramount Modaraba(FPRM)	5.65 ▲ -0.60 (-9.60%)
Hala Enterpries / Sep 24 Hala Enterprises Limited(HAEL)	9.41 ▲ -0.98 (-9.43%)
Tri-Star Power / Sep 24 Tri-Star Power Limited(TSPL)	5.31 ▲ -0.48 (-8.29%)
Bal. Glass / Sep 24 Balochistan Glass Limited(BGL)	11.70 ▲ -1.00 (-7.87%)
AKD Hospitality / Sep 24 AKD Hospitality Limited(AKDHL)	342.25 ▲ -27.75 (-7.50%)
Buxly / Sep 24 Buxly Paints Limited(BUXL)	245.38 ▲ -19.89 (-7.50%)

Stock	Volume
Worldcall / Sep 24 Worldcall Telecom Limited(WTL)	39,450,500 ▼ 0.00
Unity Foods / Sep 24 Unity Foods Limited(UNITY)	35,837,386 ▼ 0.00
Byco Petroleum / Sep 24 Byco Petroleum Pakistan Limited(BYCO)	28,682,000 ▼ 0.00
Hum Network / Sep 24 Hum Network Limited(HUMNL)	18,773,500 ▼ 0.00
K-Electric Ltd / Sep 24 K-Electric Limited(KEL)	14,913,500 ▼ 0.00
Fauji Fert. Bin / Sep 24 Fauji Fertilizer Bin Qasim Limited(FFBL)	13,510,000 ▼ 0.00
Azgard Nine / Sep 24 Azgard Nine Limited(ANL)	12,678,500 ▼ 0.00
Ghani Global Hold. / Sep 24 Ghani Global Holdings Limited(GGL)	11,617,000 ▼ 0.00
Treet Corp. / Sep 24 Treet Corporation Limited(TREET)	9,769,000 ▼ 0.00
TRG Pakistan / Sep 24 TRG Pakistan Limited(TRG)	8,626,615 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 23	169.10
USD PKR Interbank Buying / Sep 23	168.95
USD to Japanese Yen / Sep 23	110.33
USD to Swiss Franc / Sep 23	0.92
Pound Sterling to USD / Sep 23	1.37
Euro to USD / Sep 23	1.17
UK LIBOR % / Sep 23	0.07

Stock	Volume
S&P 500 / Sep 23	4448.98
India Sensex / Sep 23	59885.36
Tokyo Nikkei / Sep 23	29639.40
Nasdaq / Sep 23	15052.25
Hang Seng / Sep 23	24510.98
FTSE 100 / Sep 23	7078.35
Dow Jones / Sep 23	34764.82
Germany DAX 30 / Sep 23	15643.97
France CAC40 / Sep 23	6701.98

Item	Value
Crude Oil / Sep 23	73.24
Karachi Cotton Assoc. / Sep 23	12880.00
Gold 10 Grams / Sep 23	95800.00
Gold Spot / Sep 23	1741.44
Cotton / Sep 23	92.46

Automakers

Indian carmakers seek extra year to meet fuel efficiency rules

Autos: Turning the page?

Auto policy revs up

Ford's electric Mustang tops Norway car sales in May

New Honda City to be launched in July

New US electric car chargers are a green leap of faith

Toyota annual net profit jumps 10.3pc

Japanese shares surge

Auto Financing in Pakistan reach a record high of of Rs285bn in March 2020

Mercedes-Benz unveils its 2022 EQS Luxury Electric Sedan

Yamaha's New YBR 125 comes with a Price Hike

Ford to offer hands-free driving in some car, truck models later this year

Corolla Cross is Finally Open for Bookings

Tesla reports higher 1Q auto deliveries

Automakers say 2020 production plunged in 'worst crisis ever'

Automakers say 2020 production plunged in 'worst crisis ever'

Lamborghini made the most profit amidst the Pandemic

Renault sees its electric, hybrid car sales doubling

Sazgar Engineering to bring another Chinese SUV brand to Pakistan

5,000 MG Cars cleared at Karachi Port

New Suzuki Swift to hit the local market after 11 years.

Honda launches advanced self-driving cars in Japan

Betting on death of petrol cars, Volvo to go all electric by 2030

KIA Lucky Motors Reveals Prices for Sorento

Nissan denies being part of Apple car discussions

Honda and Nissan to sell a quarter of a million fewer cars because of chip shortage

Duty-Free Imports Of Electric 2-3 Wheelers Allowed in Pakistan: FBR

Pak Suzuki Bike Prices Rise up to Rs4K

Toyota, Fiat Chrysler drop support for Trump effort to bar California emissions rules

Monthly Passenger Car Sales Drop by 6pc in December 2020

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