China Evergrande’s EV unit lays off employees BENGALURU: China Evergrande Group’s electric vehicle unit said on Friday it was laying off workers and cutting the... Published 02 Jan, 2023 05:54am
Opinion Bumper green aluminium output is good news for carmakers, and climate Aluminium makers are set to boost low-carbon metal output by 10% in 2023 and churn out even more in the years ahead,... Published 18 Dec, 2022 03:36am
Business & Finance EV maker Vinfast files for US IPO BENGALURU: Vietnam-based electric-vehicle maker VinFast said on Tuesday it has filed for an initial public offering... Published 12 Dec, 2022 06:07am
Technology Who’s next? Chinese EVs drive Stellantis’ Jeep off the road LONDON/MILAN: The bankruptcy of Stellantis’ Jeep joint venture in China could spell trouble for other global... Published 28 Nov, 2022 02:17pm
World Saudi crown prince launches Ceer, first Saudi electric vehicle brand CAIRO: Saudi Arabia’s crown prince Mohammed bin Salman has launched Ceer, the first Saudi electric vehicle brand,... Published 03 Nov, 2022 08:51pm
Business & Finance Renault-backed Beyonca EV venture touts health monitoring, targets Audi in China BEIJING: Beyonca, a start-up founded by a group of former Volkswagen executives, plans to take on the likes of Audi... Published 31 Oct, 2022 06:43am
Business & Finance Tesla recalls 24,000 US vehicles over seat belt issue WASHINGTON: Tesla Inc is recalling just over 24,000 U.S. 2017-2022 Model 3 vehicles over a seat belt issue. The... Published 27 Oct, 2022 04:58pm
Business & Finance Nissan mulls taking up to 15% stake in Renault’s planned EV unit: report TOKYO: Japan’s Nissan Motor Co is considering investing up to a 15% stake in Renault SA’s planned electric vehicle... Published 27 Oct, 2022 04:46pm
Business & Finance Hyundai breaks ground on $5.5bn U.S. EV, battery plant ELLABELL: Hyundai Motor Co broke ground on a $5.54 billion electric vehicle (EV) and battery plant in the United... Published 25 Oct, 2022 09:23pm
Business & Finance EV charging stations to be set up along motorways ISLAMABAD: The Electric Vehicle (EV) charging stations would be installed at five Motorway locations, keeping in ... Published 24 Oct, 2022 05:45am
Technology Tesla quarterly profit jumps, but revenues miss estimates NEW YORK: Tesla reported Wednesday another quarter of sparkling earnings growth, but shares fell amid questions over... Published 20 Oct, 2022 09:55am
Business & Finance Renault CEO tours Korea unit run with Geely amid strategy reset Renault Chief Executive Luca De Meo toured a South Korean factory run with China’s Geely Automobile on Tuesday, as... Published 11 Oct, 2022 12:29pm
Business & Finance Nissan pushes partner Renault to sell down stake, may raise funds Nissan Motor Co Ltd is pressing French partner Renault SA to cut its stake in the Japanese automaker as much as... Published 10 Oct, 2022 11:21am
Business & Finance Nissan pushes partner Renault to sell down stake, may raise funds Nissan Motor Co Ltd is pressing French partner Renault SA to cut its stake in the Japanese automaker as much as... Published 09 Oct, 2022 11:03am
Business & Finance Toyota says found fix for wheel issue that caused EV recall TOKYO: Toyota Motor Corp said it had found a fix for a defect that caused a recall of its first electric vehicle... Published 06 Oct, 2022 12:08pm
Business & Finance Tata Motors launches $10,000 electric car in India to further its lead NEW DELHI: Tata Motors launched India’s lowest priced electric car at a little over $10,000 on Wednesday as the... Published 28 Sep, 2022 06:37pm
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 Aramco may take stake in Renault’s future thermal engine business PARIS: Saudi Aramco could take a stake in the future thermal engine business that Renault plans to separate from its... Published 01 Sep, 2022 05:53pm
Business & Finance Mercedes set to lead India’s luxury EV market as Tesla stays out NEW DELHI: German carmaker Mercedes-Benz plans to take pole position in India’s luxury electric vehicle market, ... Published 25 Aug, 2022 06:08am
Business & Finance Mercedes set to lead India’s luxury EV market as Tesla stays out NEW DELHI: German carmaker Mercedes-Benz plans to take pole position in India’s luxury electric vehicle market, its... Published 24 Aug, 2022 05:23pm
Markets Musk sells 7.92 million Tesla shares worth $6.9 billion Tesla Inc Chief Executive Officer Elon Musk has sold 7.92 million shares in the electric vehicle maker worth $6.9... Published 10 Aug, 2022 08:20am
Business & Finance VW’s CEO Diess ousted after tumultuous tenure, Porsche’s Blume to succeed BERLIN: Porsche Chief Executive Oliver Blume will take over from Herbert Diess as CEO of Volkswagen (VOWG_p.DE), the... Published 25 Jul, 2022 06:12am
Business & Finance Musk says Tesla could lower car prices if inflation slows Tesla Inc Chief Executive Officer Elon Musk said on Friday the electric automaker could lower prices for cars if... Published 15 Jul, 2022 07:01pm
Business & Finance Hyundai Motor launches first electric sedan, taking on Tesla SEOUL: Hyundai Motor Co on Thursday launched its first electric sedan, Ioniq 6, which the South Korean automaker is... Updated 14 Jul, 2022 01:50pm
Markets Ferrari says going electric means ‘even more unique’ cars MARANELLO: Electric and hybrid models should make up 80% of Ferrari’s sales by 2030, the luxury carmaker told... Published 16 Jun, 2022 08:13pm
Markets Ford to invest $3.7bn for production of EVs, gas-powered vehicles DETROIT: Ford Motor Co on Thursday said it will invest $3.7 billion in assembly plants in Michigan, Ohio and... Published 02 Jun, 2022 07:53pm
Markets Harley-Davidson to suspend most vehicle assembly due to parts issue Harley-Davidson Inc said on Thursday the bike maker will suspend all vehicle assembly and shipments for a two-week... Published 19 May, 2022 06:38pm
Business & Finance ezBike raises $1m in first pre-seed round by electric mobility startup ISLAMABAD: ezBike, an electric mobility startup, announced on Thursday that it has raised $1 million in pre-seed... Updated 13 May, 2022 09:39am
Markets Toyota to make EV parts in India for domestic, export markets NEW DELHI: Toyota Motor Corp plans to make India a manufacturing hub for electric vehicle parts to meet demand there... Published 11 May, 2022 06:54pm
Business & Finance India’s Mahindra Group weighs splitting auto business into 3 units Indian auto-to-technology conglomerate Mahindra Group has begun a restructuring process to split its automobiles... Published 06 May, 2022 10:05am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?
In historic visit, Iran President Raisi says decision made to increase bilateral trade five-fold to $10bn