Trends - carmaker - Business Recorder

carmaker

Renault, Nissan aim to announce deal on reshaped alliance on Feb 6

TOKYO/PARIS: French car maker Renault and its Japanese partner Nissan Motor aim to formally unveil a deal to reshape...

Published 26 Jan, 2023 04:48pm

Business & Finance

Indian top carmaker Maruti’s profit doubles

BENGALURU: Maruti Suzuki India Ltd beat quarterly profit estimates and reported improved margins on Tuesday as the...

Published 25 Jan, 2023 06:25am

Business & Finance

Honda Atlas raises car prices by up to Rs550,000

Cites inflation, exchange rate volatility as reasons behind increase

Published 23 Jan, 2023 08:09pm

Business & Finance

Maruti Suzuki India to recall 11,177 Grand Vitara SUVs to fix seat belt defect

India’s top carmaker Maruti Suzuki on Monday said it was recalling 11,177 Grand Vitara vehicles to address a...

Published 23 Jan, 2023 07:18pm

Business & Finance

Toyota plans to produce 750,000 vehicles globally in February

TOKYO: Toyota Motor Corp on Wednesday said it plans to produce about 750,000 vehicles globally in February. The...

Published 18 Jan, 2023 01:07pm

Business & Finance

Renault group sales fall 5.9% in 2022, Europe order book at record levels

PARIS: Renault group sales in 2022 fell by 5.9% to 2,051,174 vehicles, marking a fourth consecutive annual decline...

Published 18 Jan, 2023 01:05pm

Business & Finance

Carmaker Stellantis strikes nickel sulphate supply deal with Terrafame

PARIS: Carmaker Stellantis and Finnish company Terrafame announced on Wednesday that they had struck a deal whereby...

Published 18 Jan, 2023 01:00pm

Business & Finance

India’s Maruti Suzuki to recall 17,362 vehicles on possible airbag controller defect

BENGALURU: India’s top carmaker Maruti Suzuki on Wednesday said it is recalling 17,362 vehicles manufactured between...

Published 18 Jan, 2023 10:44am

Business & Finance

Porsche overtakes Volkswagen as Europe’s most valuable carmaker

BERLIN: Porsche took pole position as Europe’s most valuable automaker on Thursday, overtaking former parent...

Published 06 Oct, 2022 05:03pm

Business & Finance

BMW expects slight growth in 2023, cuts Germany gas intake by 15%

BERLIN: BMW expects to reach the higher end of its 7-9% margin target for the cars business and sees slight sales...

Published 26 Sep, 2022 07:17pm

Business & Finance

Tesla steps up recruiting in Thailand as EV competition heats up

BANGKOK: Tesla Inc is stepping up recruitment in Thailand, Southeast’s Asia automotive hub, with the U.S. electric...

Published 05 Sep, 2022 05:47pm

Business & Finance

Maruti, India's top carmaker, open to partnerships to secure supply chain

NEW DELHI: Maruti Suzuki is open to forming partnerships with auto part makers to secure its future supply chain and...

Updated 27 Aug, 2022 06:46pm

Business & Finance

Renault to invest $377mn in Brazil

SAO PAULO: French carmaker Renault SA said it will invest 2 billion reais ($377.12 million) in Brazil for the...

Published 01 Jul, 2022 06:57pm

Markets

Volkswagen to build 800,000 fully-electric cars this year

BERLIN: Volkswagen is planning to build 800,000 fully electric cars worldwide this year and 1.3 million in 2023, the...

Published 12 May, 2022 06:07pm

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

FTO’s judgement: LTO Karachi, carmaker agree on refund mechanism

ISLAMABAD: The Large Taxpayer Office (LTO) Karachi and a leading car manufacturer have agreed on a mechanism for...

Updated 07 Apr, 2022 11:01am

Markets

Daimler AG to rebrand as Mercedes-Benz on Feb. 1

BERLIN: Daimler AG will be formally renamed Mercedes-Benz Group AG on Saturday - nearly a year after the spin-off of...

Published 28 Jan, 2022 05:53pm

Business & Finance

Mercedes-Benz to assemble its EQS electric luxury sedan in India

NEW DELHI: German luxury carmaker Mercedes-Benz plans to start local assembly of its EQS electric sedan in India ...

Published 12 Jan, 2022 02:50pm

Business & Finance

Daimler to produce first in-house electric motor at Berlin plant

BERLIN: Daimler will produce the first in-house electric motor at its oldest plant in Berlin, the carmaker said on...

Published 19 Nov, 2021 04:35am

Business & Finance

Renault sees bigger production hit from chip shortage

PARIS: French carmaker Renault expects to produce at least 300,000 fewer vehicles this year due to a global shortage...

Published 21 Oct, 2021 04:38am

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

World

Chip shortage shuts Opel plant in Germany

FRANKFURT: Opel will close one of its plants in Germany until the “start of 2022” as a global chip shortage ...

Published 01 Oct, 2021 04:07am

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

Business & Finance

Stellantis extends output halts at several European car plants on chip shortage

Production will stay halted this week at the Rennes plant, while it will be suspended at the Italian plant of SevelSud, the spokesperson says

Published 30 Aug, 2021 08:09pm

Business & Finance

India antitrust body fines Maruti Suzuki $27mn over dealer discount policy

The CCI asked Maruti to "cease and desist" from indulging in such practices and asked the company to deposit the fine within 60 days

Published 23 Aug, 2021 06:00pm

World

Ford recalls 775,000 Explorer SUVs

NEW YORK: Ford announced Friday it is recalling about 775,000 Explorer vehicles due to a problem in the rear of the...

Published 17 Jul, 2021 04:21am

Business & Finance

Volkswagen aims for half of vehicle sales to be electric by 2030

At Volkswagen, which aims to overtake Tesla as the world's largest electric vehicle (EV) maker by 2025, battery EVs accounted for just 3% of global sales last year.

Published 13 Jul, 2021 06:23pm

Business & Finance

Opel to be 100pc electric in Europe by 2028

PARIS: German carmaker Opel said Thursday that it would stop producing cars with internal combustion engines in...

Published 12 Jul, 2021 05:26am

Business & Finance

VW sees strong first-half profits despite chip shortage

"The deliveries to customers of the Volkswagen Group continued to recover strongly in the first half of the current year, leading to a very strong Group turnover as well as a very high operating profit," the company said.

Published 09 Jul, 2021 07:21pm

Business & Finance

Renault's HYVIA hydrogen venture to sell products throughout Europe

The HYVIA venture added in a statement on Tuesday that it would offer a range of three fuel-cell powered Master Large Van models by the end of 2021.

Published 06 Jul, 2021 07:03pm

Gainers
Losers
Leaders

Stock	Price
First Elite Cap.Mod / Dec 8 First Elite Capital Modaraba(FECM)	5 ▲ 1.00 (25.00%)
Chakwal Spinning / Dec 8 Chakwal Spinning Mills Limited(CWSM)	2.44 ▲ 0.40 (19.61%)
Punjab Mod / Dec 8 First Punjab Modaraba(FPJM)	1.98 ▲ 0.27 (15.79%)
Saritow Spinning / Dec 8 Saritow Spinning Mills Limited(SSML)	8.35 ▲ 1.00 (13.61%)
Jubilee Spinning / Dec 8 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	8.80 ▲ 1.00 (12.82%)
F.Treet Manuf / Dec 8 First Treet Manufacturing Modaraba(FTMM)	4.60 ▲ 0.50 (12.20%)
K-Electric Ltd. / Dec 8 K-Electric Limited(KEL)	4.45 ▲ 0.48 (12.09%)
Samba Bank / Dec 8 Samba Bank Limited(SBL)	9.35 ▲ 1.00 (11.98%)
P.T.C.L. / Dec 8 Pakistan Telecommunication Company Ltd(PTC)	9.72 ▲ 1.00 (11.47%)
Dewan Textile / Dec 8 Dewan Textile Mills Limited(DWTM)	4.75 ▲ 0.47 (10.98%)

Stock	Price
Sec. Inv. Bank / Dec 8 Security Investment Bank Limited(SIBL)	5.74 ▼ -1.00 (-14.84%)
Tri-Star Mutual / Dec 8 Tri-Star Mutual Fund Limited(TSMF)	5.05 ▼ -0.49 (-8.84%)
Supernet Ltd. / Dec 8 Supernet Limited(GEMSPNL)	12.90 ▼ -1.05 (-7.53%)
Universal Network (GEM) / Dec 8 Universal Network Systems Limited (GEM)(GEMUNSL)	23.53 ▼ -1.91 (-7.51%)
Leather Up Ltd. / Dec 8 Leather Up Limited(LEUL)	10.54 ▼ -0.81 (-7.14%)
Trust Mod. / Dec 8 Trust Modaraba(TRSM)	2 ▼ -0.15 (-6.98%)
LSE Propetech / Dec 8 LSE Propetech Limited(LSEPL)	4.46 ▼ -0.33 (-6.89%)
Ismail Ind. / Dec 8 Ismail Industries Limited(ISIL)	1300 ▼ -95.00 (-6.81%)
Kohat Textile / Dec 8 Kohat Textile Mills Limited(KOHTM)	18.31 ▼ -1.19 (-6.10%)
Hoechst Pak. / Dec 8 Hoechst Pakistan Limited(HPL)	1200 ▼ -77.00 (-6.03%)

Stock	Volume
K-Electric Ltd. / Dec 8 K-Electric Limited(KEL)	341,598,066 ▲ 0.48
Cnergyico PK / Dec 8 Cnergyico PK Limited(CNERGY)	98,899,853 ▲ 0.02
WorldCall Telecom / Dec 8 Worldcall Telecom Limited(WTL)	97,311,739 ▲ 0.04
Hascol Petrol / Dec 8 Hascol Petroleum Limited(HASCOL)	60,506,500 ▲ 0.27
P.T.C.L. / Dec 8 Pakistan Telecommunication Company Ltd(PTC)	57,212,000 ▲ 1.00
Kohinoor Spining / Dec 8 Kohinoor Spinning Mills Limited(KOSM)	56,298,000 ▲ 0.42
Fauji Foods Ltd / Dec 8 Fauji Foods Limited(FFL)	47,608,697 ▲ 0.96
Pak Elektron / Dec 8 Pak Elektron Limited(PAEL)	42,544,241 ▲ 1.23
Hum Network / Dec 8 Hum Network Limited(HUMNL)	40,175,500 ▲ 0.07
TPL Properties / Dec 8 TPL Properties Limited(TPLP)	36,065,929 ▲ 0.08

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 8	284.30
USD PKR Interbank Buying / Dec 8	283.95
USD to Japanese Yen / Dec 8	143.72
USD to Swiss Franc / Dec 8	0.88
Pound Sterling to USD / Dec 8	1.26
Euro to USD / Dec 8	1.08
UK LIBOR % / Dec 7	5.48

Stock	Volume
S&P 500 / Dec 7	4585.59
Nasdaq / Dec 7	14340
Dow Jones / Dec 7	36117.38
India Sensex / Dec 8	69810.76
Tokyo Nikkei / Dec 8	32305.33
Hang Seng / Dec 8	16275.13
FTSE 100 / Dec 8	7514.73
Germany DAX 30 / Dec 8	16654.79
France CAC40 / Dec 8	7458.02

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 7	17235
Gold 10 Grams PKR / Dec 7	187671
Crude Oil USD/Barrel / Dec 8	70.35
Gold Spot USD/Ounce / Dec 8	2031.22
Cotton US¢/pound / Dec 8	82.72

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