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Mercedes

Mercedes-Benz profit slides amid cutthroat Chinese market

Published 29 Apr, 2026 11:33am

Mercedes said car sales by volume in China fell 27 percent in the first three months of 2026

Chinese EV giant BYD reports 55% drop in Q1 net profit

Published 28 Apr, 2026 06:25pm

Shenzhen-based EV and battery giant achieves 4.08 billion yuan ($598 million) profit during first three months of the year

Mercedes India’s revenue hits fresh record on strong top-end luxury sales

Published 15 Jan, 2026 06:11pm

A 23% decline in sales of Mercedes’ entry-segment cars in 2025 weighed on growth even as demand for its top-end models grew by 12%

Mercedes cuts EVs’ environment footprint with low-carbon aluminium

Published 29 Sep, 2025 12:39pm

AARDAL: Aluminium made with renewable power and from recycling is helping luxury automaker Mercedes-Benz cut CO2...

Mercedes keeps ‘value over volume’ approach in tough Chinese market

Published 08 Sep, 2025 06:57am

MUNICH: German luxury automaker Mercedes-Benz is sticking with its premium strategy in its main market China, where ...

Mercedes-Benz Pension Trust to sell its 3.8% stake in Nissan Motor

Published 25 Aug, 2025 05:25pm

TOKYO/BERLIN: The pension trust of Mercedes-Benz will sell off its roughly $346 million shareholding, a 3.8% stake,...

Mercedes-Benz India’s first-quarter sales hit record high on strong demand for top-end models, EVs

Published 11 Jul, 2025 05:20pm

German luxury carmaker Mercedes-Benz said its first-quarter sales in India hit an all-time high, rising 10% to 4,238...

Mercedes says no supply chain disruptions after China export concerns

Published 30 Jun, 2025 06:22pm

STUTTGART: There has been no disruption to production due to limited raw material exports from China at German...

Mercedes to develop smart cars for global markets with China’s Hesai lidar

Published 12 Mar, 2025 07:26pm

SHANGHAI: Mercedes-Benz will develop smart driving cars for global markets equipped with Hesai’s lidar sensors, a...

Mercedes ‘streamliner’ fetches record 51mn euros at auction

Published 03 Feb, 2025 01:52pm

STUTTGART, Germany: A streamlined Mercedes raced by Formula One greats Stirling Moss and Juan Manuel Fangio in 1955...

Mercedes 1955 ‘streamliner’ set to smash F1 record at auction

Published 29 Jan, 2025 02:17pm

FELLBACH, Germany: A sleek, long-nosed Mercedes raced by Stirling Moss and five-times Formula One world champion...

Hamilton bids farewell to Mercedes as Ferrari vie for title

Published 05 Dec, 2024 01:14pm

ABU DHABI: Lewis Hamilton bids farewell this weekend to Mercedes, the team that carried him to six world titles, as...

Brad Pitt’s F1 movie set for release in June 2025

Published 18 Jun, 2024 02:37pm

Brad Pitt’s as-yet unnamed Formula One movie will be released globally on June 25 next year, with a North American...

Mercedes lines up new investment and array of cars for India

Published 08 Jan, 2024 04:45pm

NEW DELHI: Mercedes Benz will invest $24 million in India this year and launch over a dozen new cars with a focus on...

Brad Pitt respects F1 and thrills drivers at Silverstone

Updated 10 Jul, 2023 04:58pm

Brad Pitt was full of praise and respect for Formula One and, in particular, the drivers on Sunday after spending...

Climate protesters tell Hamilton to drop fuel sponsor

Published 10 Jul, 2023 06:52am

SILVERSTONE, (United Kingdom): Climate activists Just Stop Oil on Sunday welcomed seven-time champion Lewis...

Two dead after shooting at German Mercedes plant

Published 12 May, 2023 05:59am

BERLIN: A suspect was detained after a shooting at a Mercedes-Benz plant in southwestern Germany left two people ...

Mercedes amps up renewable energy switch with Iberdrola wind deal

Published 31 Mar, 2023 06:45am

BERLIN: Mercedes-Benz said on Thursday it had signed a power purchase agreement (PPA) with Spain’s Iberdrola for...

Nannies on call, spas; India witnessing 'mad rush' for luxury housing

Published 06 Mar, 2023 03:22pm

NEW DELHI: India's DLF sold a $1 billion upmarket residential project in 72 hours while rival Godrej Properties is...

Hamilton targets future on return to scene of rancorous ‘injustice’

Published 17 Nov, 2022 11:56am

ABU DHABI: Lewis Hamilton returns to the Abu Dhabi Grand Prix this weekend 11 months on from one of the most...

Mercedes set to lead India’s luxury EV market as Tesla stays out

Published 25 Aug, 2022 06:08am

NEW DELHI: German carmaker Mercedes-Benz plans to take pole position in India’s luxury electric vehicle market, ...

Mercedes-Benz lays first stone of new battery cell campus in Germany

Published 31 May, 2022 08:30pm

BERLIN: Mercedes-Benz laid the first stone of a new research and development campus at its Untertuerkheim site in...

Mercedes-Benz aims for more luxury in model line-up

Published 19 May, 2022 06:21pm

BERLIN: Mercedes-Benz is honing its identity as a luxury company, its chief technology officer (CTO) said on...

Verstappen wary of revamped Australian GP circuit as Leclerc looms

Published 07 Apr, 2022 11:38am

MELBOURNE: World champion Max Verstappen is eyeing a "smooth weekend" to build on his victory in Saudi Arabia, but ...

Mercedes and Hamilton's struggles put to the test in Melbourne

Published 06 Apr, 2022 11:49am

MELBOURNE: An uncompetitive Mercedes and admission that he is "struggling mentally and emotionally" have put Lewis...

Mercedes takes on Tesla with new US battery plant, electric SUV

Published 15 Mar, 2022 09:05pm

TUSCALOOSA: Mercedes-Benz AG opened its first US electric vehicle (EV) battery factory on Tuesday and said Japanese...

Volvo Cars and Mercedes boost profits despite sales slump

Published 14 Feb, 2022 06:47am

STOCKHOLM: High-end automakers Volvo Cars and Mercedes said Friday that the global supply chain bottlenecks caused...

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

Published 12 Jan, 2022 02:50pm

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

Daimler sees Q3 hit to Mercedes sales from chip shortage

Published 02 Sep, 2021 06:17pm

"With the plant closings at semiconductor suppliers in Malaysia and elsewhere, the challenge has now become even greater, so that our sales in the third quarter will probably be noticeably below the second quarter," Ola Kaellenius says

Going electric: Carmakers make the switch

Published 25 Jul, 2021 11:37am

VW's high-end Audi brand expects to be 100-percent electric in 2033

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 12	278.52
USD PKR Interbank Buying / Jun 12	278.32
USD to Japanese Yen / Jun 15	160.01
USD to Swiss Franc / Jun 15	0.79
Pound Sterling to USD / Jun 15	1.35
Euro to USD / Jun 15	1.16
SOFR % / Jun 12	3.63

Stock	Volume
S&P 500 / Jun 12	7,431.46
Nasdaq / Jun 12	25,888.84
Dow Jones / Jun 12	51,202.26
India Sensex / Jun 15	76,764.22
Tokyo Nikkei / Jun 15	69,593.64
Hang Seng / Jun 15	24,816.13
FTSE 100 / Jun 15	10,499.85
Germany DAX 30 / Jun 15	25,012.02
France CAC40 / Jun 15	8,447.27

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 12	21,780
Gold 10 Grams PKR / Jun 12	375,947
Petrol/Litre / Jun 15	373.78
Crude Oil USD/Barrel / Jun 15	80.67
Gold Spot USD/Ounce / Jun 15	4,327.01
Diesel/Litre / Jun 15	378.78
Cotton US¢/pound / Jun 15	76.49

Gainers
Losers
Leaders

Stock	Price
Arctic Textile / Jun 12 Arctic Textile Mills Limited(ARCTM)	33.75 ▲ 3.07 (10.01%)
Zephyr Textile / Jun 12 Zephyr Textiles Limited(ZTL)	20.45 ▲ 1.86 (10.01%)
AN Textile Mills / Jun 12 AN Textile Mills Limited(ANTM)	37.02 ▲ 3.37 (10.01%)
Elahi Cotton / Jun 12 Elahi Cotton Mills Limited(ELCM)	285.76 ▲ 25.98 (10%)
National Silk / Jun 12 The National Silk & Rayon Mills Limited(NSRM)	161.26 ▲ 14.66 (10%)
Pak. P.V.C. / Jun 12 Pakistan PVC Limited(PPVC)	28.59 ▲ 2.6 (10%)
Int. Knit. / Jun 12 International Knitwear Limited(INKL)	92.20 ▲ 8.38 (10%)
Siddiqsons Tin / Jun 12 Siddiqsons Tin Plate Limited(STPL)	8.44 ▲ 0.73 (9.47%)
IGI Holdings / Jun 12 IGI Holdings Limited(IGIHL)	284.15 ▲ 23.93 (9.2%)
Leiner Pak Gelat / Jun 12 Leiner Pak Gelatine Limited(LPGL)	100.33 ▲ 8.38 (9.11%)

Stock	Price
Idrees Tex. / Jun 12 Idrees Textile Mills Limited(IDRT)	50.10 ▼ -5.57 (-10.01%)
Kohat Textile / Jun 12 Kohat Textile Mills Limited(KOHTM)	121.46 ▼ -13.49 (-10%)
Pak Agro Pack. (GEM) / Jun 12 Pak Agro Packaging Limited (GEM)(GEMPAPL)	9.45 ▼ -1 (-9.57%)
Pak Qatar Family / Jun 12 Pak Qatar Family Takaful Limited(PAKQATAR)	22.19 ▼ -2.28 (-9.32%)
ARM Green Industries / Jun 12 ARM Green Industries Limited(ARMG)	46.40 ▼ -4.77 (-9.32%)
Power Cem(Pref) / Jun 12 Power Cement (Pref)(POWERPS)	23.80 ▼ -2.36 (-9.02%)
East West Ins. / Jun 12 East West Insurance Company Limited(EWIC)	48.54 ▼ -4.42 (-8.35%)
Unicap Modaraba / Jun 12 Unicap Modaraba(UCAPM)	5.20 ▼ -0.45 (-7.96%)
Pak Qatar Gen.Takaful / Jun 12 Pak Qatar General Takaful Limited(PQGTL)	15.42 ▼ -1.33 (-7.94%)
Oilboy Energy / Jun 12 Oilboy Energy Limited(OBOY)	20.42 ▼ -1.72 (-7.77%)

Stock	Volume
Kohinoor Spinning / Jun 12 Kohinoor Spinning Mills Limited(KOSM)	57,747,470 ▲ 0.15
B.O.Punjab / Jun 12 The Bank of Punjab(BOP)	52,924,034 ▲ 0.93
Sitara Petroleum Service / Jun 12 Sitara Petroleum Service Limited(SPSL)	52,648,271 ▲ 0.45
WorldCall Telecom / Jun 12 Worldcall Telecom Limited(WTL)	40,511,471 ▲ 0
Maple Leaf Cement / Jun 12 Maple Leaf Cement Factory Limited(MLCF)	35,896,472 ▲ 4.01
Oilboy Energy / Jun 12 Oilboy Energy Limited(OBOY)	33,427,696 ▼ -1.72
F. Nat.Equities / Jun 12 First National Equities Limited(FNEL)	28,855,016 ▼ -0.02
TPL Corp Ltd / Jun 12 TPL Corp Limited(TPL)	25,681,007 ▼ -0.82
Pak Int.Bulk / Jun 12 Pakistan International Bulk Terminal(PIBTL)	24,755,100 ▲ 0.24
Waves Home Appliances / Jun 12 Waves Home Appliances Limited(WAVESAPP)	20,120,122 ▲ 0.31

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