Topic

German carmaker

BMW foresees earnings hit as Europe counts the early cost of tariffs

Published 14 Mar, 2025 04:51pm

FRANKFURT: German carmaker BMW said on Friday it expected tariffs to cost it 1 billion euros this year, while...

India’s $1.4 billion tax demand a matter of survival for Volkswagen India unit

Published 17 Feb, 2025 07:42pm

MUMBAI: A lawyer for an Indian unit of German carmaker Volkswagen said on Monday the country’s $1.4 billion tax...

BMW Group sales drop slightly in Q3

Published 10 Oct, 2022 01:05pm

BERLIN: BMW sold nearly as many cars in the third quarter as it did in the same period a year before, after the war...

Mercedes sales slump in Q2 as supply problems continue

Published 11 Jul, 2022 07:02pm

BERLIN: Mercedes-Benz sales fell sharply in the second quarter, hampered by supply problems and coronavirus-related...

Mercedes Benz targets increased luxury and profits

Published 23 May, 2022 08:14am

FRANKFURT: German carmaker Mercedes-Benz said Thursday it would focus more on high luxury vehicles in the hope of...

BMW cuts car unit profit forecast due to Ukraine war

Published 16 Mar, 2022 12:48pm

BERLIN: BMW lowered its profit margin expectations for its automotive segment for 2022 due to the war in Ukraine,...

European shares gain on Ukraine hopes

Updated 15 Mar, 2022 06:35am

LONDON: European stocks rose on Monday, clinging to hopes of diplomatic efforts by Ukraine and Russia to end...

South Korea fines Mercedes $16.9mn over emission rules breach

Published 07 Feb, 2022 11:03am

SEOUL: South Korea's antitrust regulator said on Monday it decided to fine German carmaker Mercedes-Benz and its...

Opel to be 100pc electric in Europe by 2028

Published 12 Jul, 2021 05:26am

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

Daimler set to spin off truck unit by year end

Updated 27 Jun, 2021 06:11pm

"We are right on schedule with the detailed preparations for this complex project and want to float Daimler Truck on the stock exchange as an independent company by the end of this year."

Volkswagen sticks to 2021 profit margin forecast despite chip crunch

Published 22 Jun, 2021 04:45pm

Volkswagen still expects to achieve a 2021 operating profit margin of between 5.5% and 7% for the group and a margin of 3% to 4% for its main brand, a spokesperson for the company said.

Daimler to pay Nokia patent fees, ending legal fight

Published 02 Jun, 2021 04:29am

BRUSSELS: Daimler has agreed to pay Nokia for using its patents, ending a row that highlighted a battle between tech...

BMW plans limited series hydrogen fuel cell SUV in 2022

Published 12 May, 2021 05:35pm

Speaking at the carmaker's annual shareholder meeting, Chief Executive Officer Oliver Zipse said the company plans a small production run of a hydrogen fuel-cell powered x5 SUV next year.
Most of the auto industry is focusing its efforts on developing battery-electric cars to meet tightening emission standards in Europe and China.

BMW confirms outlook, but says rest of 2021 to be volatile

Published 07 May, 2021 11:48am

BMW said that its first-quarter results also received a boost from the sale of previously leased vehicles, in particular in the US market.

BMW has got its timing right for beefing up electric cars

Published 30 Mar, 2021 11:21am

Zipse said BMW's market cap of around 55 billion euros ($64.7 billion) is lower than its assets of around 60 billion euros.

BMW expects at least half of sales to be electric cars by 2030

Published 17 Mar, 2021 06:17pm

Sees big rise in 2021 profit from pandemic-hit 2020.
Sees EBIT margin of 6-8% in 2021 vs 2.7% in 2020.
Shares jump as much as 4.9% to 2-1/2 year high.

BMW sees significant profit growth in 2021

Published 17 Mar, 2021 01:00pm

BMW, which also owns the MINI and Rolls-Royce brands, said it expects the automotive segment.

Daimler to spin off trucks in shift to electric, self-driving vehicles

Updated 03 Feb, 2021 09:04pm

We have confidence in the financial and operational strength of our two vehicle divisions.
We are convinced that independent management and governance will allow them to operate even faster... and thus be significantly more agile and competitive.

BMW aims to double fully-electric vehicle sales in 2021

Published 15 Jan, 2021 05:35pm

BMW also said that including plug-in hybrids, it aims for a 50% increase in sales of electrified vehicles versus 2020.
Tesla delivered just under 500,000 vehicles, all fully electric, to customers in 2020.

Volkswagen brand 2020 sales drop but recovery seen in Dec

Published 12 Jan, 2021 05:34pm

Volkswagen said it had seen sales recovering in December compared to previous months, rising by 19.5% in western Europe and 14.7% in North America.
We are well on the way to achieving our goal of becoming the market leader in battery electric vehicles.

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 3	278.65
USD PKR Interbank Buying / Jun 3	278.45
USD to Japanese Yen / Jun 3	159.93
USD to Swiss Franc / Jun 3	0.79
Pound Sterling to USD / Jun 3	1.34
Euro to USD / Jun 3	1.16
SOFR % / Jun 3	3.63

Stock	Volume
S&P 500 / Jun 3	7,553.68
India Sensex / Jun 3	74,346.17
Tokyo Nikkei / Jun 3	68,402.13
Nasdaq / Jun 3	26,853.97
Hang Seng / Jun 3	25,633.21
FTSE 100 / Jun 3	10,332.30
Dow Jones / Jun 3	50,687.07
Germany DAX 30 / Jun 3	24,795.94
France CAC40 / Jun 3	8,150.42

Item	Value
Crude Oil USD/Barrel / Jun 3	95.34
Gold 10 Grams PKR / Jun 3	401,030
Gold Spot USD/Ounce / Jun 3	4,452.30
Cotton US¢/pound / Jun 3	80.51
Petrol/Litre / Jun 4	381.78
Diesel/Litre / Jun 4	380.78

Gainers
Losers
Leaders

Stock	Price
Wasl Mobility Mod. / Jun 3 Wasl Mobility Modaraba(WASL)	5.91 ▲ 1 (20.37%)
Gulshan Sp. / Jun 3 Gulshan Spinning Mills Limited(GSPM)	6.18 ▲ 1 (19.31%)
First AL-Noor Mod. / Jun 3 First Al-Noor Modaraba(FANM)	6.88 ▲ 1 (17.01%)
Chenab Ltd (Pref) / Jun 3 Chenab Limited (Pref)(CLCPS)	3.85 ▲ 0.44 (12.9%)
Chenab Ltd / Jun 3 Chenab Limited(CHBL)	9.61 ▲ 0.91 (10.46%)
Askari Life Assur. / Jun 3 Askari Life Assurance Company Limited(ALAC)	19.24 ▲ 1.75 (10.01%)
Dawood Equities / Jun 3 Dawood Equities Limited(DEL)	20.56 ▲ 1.87 (10.01%)
Grays Leasing / Jun 3 Grays Leasing Limited(GRYL)	20.89 ▲ 1.9 (10.01%)
Shahzad Tex. / Jun 3 Shahzad Textile Mills Limited(SZTM)	68.38 ▲ 6.22 (10.01%)
Ideal Spinning / Jun 3 Ideal Spinning Mills Limited(IDSM)	72.48 ▲ 6.59 (10%)

Stock	Price
Khairpur Sug. / Jun 3 Khairpur Sugar Mills Limited(KPUS)	2,164.61 ▼ -240.51 (-10%)
Diamond Ind. / Jun 3 Diamond Industries Limited(DIIL)	71.48 ▼ -7.9 (-9.95%)
Tri-Star Mutual / Jun 3 Tri-Star Mutual Fund Limited(TSMF)	16.88 ▼ -1.62 (-8.76%)
Power Cem(Pref) / Jun 3 Power Cement (Pref)(POWERPS)	27.79 ▼ -2.41 (-7.98%)
Paramount Mod / Jun 3 First Paramount Modaraba(FPRM)	13.90 ▼ -1.1 (-7.33%)
AN Textile Mills / Jun 3 AN Textile Mills Limited(ANTM)	30.18 ▼ -2.23 (-6.88%)
Al-Khair Gadoon / Jun 3 Al-Khair Gadoon Limited(AKGL)	52.03 ▼ -3.68 (-6.61%)
Gammon Pak / Jun 3 Gammon Pakistan Limited(GAMON)	19.23 ▼ -1.32 (-6.42%)
Burshane LPG / Jun 3 Burshane LPG (Pakistan) Limited(BPL)	56.96 ▼ -3.61 (-5.96%)
Punjab Oil / Jun 3 Punjab Oil Mills Limited(POML)	147.13 ▼ -8.47 (-5.44%)

Stock	Volume
Treet Battery / Jun 3 Treet Battery Limited(TBL)	46,642,698 ▼ -0.03
Dewan Cement / Jun 3 Dewan Cement Limited(DCL)	33,760,377 ▲ 0.4
Sitara Petroleum Service / Jun 3 Sitara Petroleum Service Limited(SPSL)	25,238,548 ▲ 0.84
Beco Steel Ltd / Jun 3 Beco Steel Limited(BECO)	23,949,474 ▲ 0.46
P.T.C.L. / Jun 3 Pakistan Telecommunication Company Ltd(PTC)	23,376,596 ▲ 0.82
TPL Corp Ltd / Jun 3 TPL Corp Limited(TPL)	17,752,841 ▲ 0.38
Cnergyico PK / Jun 3 Cnergyico PK Limited(CNERGY)	16,285,113 ▼ -0.2
WorldCall Telecom / Jun 3 Worldcall Telecom Limited(WTL)	14,753,659 ▼ -0.01
K-Electric Ltd. / Jun 3 K-Electric Limited(KEL)	13,876,959 ▼ -0.12
Mahanna Islamic Index / Jun 3 Mahanna Islamic Index Traded Fund(MIIETF)	13,316,500 ▼ -0.13

German carmaker

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