FTO voices concern over delay in release of imported vehicle ISLAMABAD: The Federal Tax Ombudsman (FTO) has expressed serious concern over delay in the release of an imported... Published 25 Jul, 2024 06:24am
Technology Tesla, rivals get low marks for automated-driving technology DETROIT: Tesla’s Autopilot and Full Self Driving technology and nine other assisted-driving systems marketed by... Published 12 Mar, 2024 10:30am
Business & Finance EU December car sales down 3.3% y/y as German market slows New car sales in the European Union declined by 3.3% in December, dragged down by slowing demand in Germany, data... Published 18 Jan, 2024 12:32pm
Pakistan SC asks govt to auction off two ‘costly’ vehicles ISLAMABAD: The Supreme Court registrar has written letters to the Cabinet Division secretary and chief secretary... Published 02 Dec, 2023 05:09am
Life & Style 1962 Ferrari auctioned for $51.7mn in New York: Sotheby’s NEW YORK: A 1962 Ferrari 250 GTO sports car sold for $51.7 million in New York on Monday, making it the second most... Published 14 Nov, 2023 01:11pm
Life & Style Picasso, Monet and a Ferrari - New York auction houses eye monster sales NEW YORK: A $120 million Picasso, a $40 million Monet and even a $60 million Ferrari: New York’s major auction... Updated 08 Nov, 2023 05:17pm
Business & Finance Mercedes-Benz Q3 earnings take a hit on subdued sales, supply chain snags BERLIN: Mercedes-Benz expects the adjusted return on sales of its cars division for the full year to hit the lower... Published 26 Oct, 2023 11:11am
Sports Why Saudi’s billion-dollar football binge is race against time RIYADH: As star footballers line up to take Saudi money, it is easy to forget this is a phenomenon that stretches... Updated 25 Aug, 2023 05:01pm
Business & Finance China to be centre of Mercedes-Benz 2025 EV sales drive, Automobilwoche says FRANKFURT: Mercedes-Benz is making China, the world’s top auto market, central to its next electric vehicle (EV)... Published 23 Jul, 2023 03:07pm
Business & Finance Mercedes-Benz: remains to be seen how national courts interpret ECJ ruling BERLIN: Carmaker Mercedes-Benz said on Tuesday that it remains to be seen how a European Court of Justice (ECJ)... Published 21 Mar, 2023 02:36pm
Business & Finance VW joins e-car price war as global rivalry heats up FRANKFURT: German giant Volkswagen is set to follow Tesla’s lead with a high-profile price drop as the battle for... Published 12 Mar, 2023 11:20am
Business & Finance Mercedes profits jump in 2022, but ‘sluggish’ start to 2023 FRANKFURT: German carmaker Mercedes-Benz reported a jump in profits for 2022 on Friday thanks to strong demand for... Published 17 Feb, 2023 02:10pm
Markets Mercedes to drop EQ product brand BERLIN: Mercedes-Benz is set to drop the EQ product brand for battery-electric cars as soon as the next generation... Published 12 Jan, 2023 01:58pm
Business & Finance Mercedes expects double-digit growth in India in 2023 despite weak Indian rupee NEW DELHI: Mercedes Benz expects double-digit sales growth in India this year, despite concerns that a weaker rupee... Updated 08 Jan, 2023 04:09pm
Business & Finance Mercedes-Benz gears up power train network for EVs from 2024 BERLIN: Mercedes-Benz laid out on Wednesday an over 1 billion-euro ($1.06 billion) plan to adapt its global... Published 14 Dec, 2022 11:12am
Business & Finance Mercedes-Benz Vans to reorganise production network in Europe Mercedes-Benz’s vans division is to reorganise its production in Europe with a new factory planned in Jawor, Poland,... Published 12 Dec, 2022 01:54pm
Business & Finance Mercedes-Benz raises outlook for cars division to 13-15% BERLIN: Mercedes-Benz raised its forecast for adjusted return on sales for the full year for its cars division to... Published 26 Oct, 2022 11:44am
Business & Finance Automakers to double spending on EVs, batteries to $1.2 trillion by 2030 The world’s top automakers are planning to spend nearly $1.2 trillion through 2030 to develop and produce millions... Published 21 Oct, 2022 11:49am
Technology Mercedes-Benz and Microsoft collaborate on supply chain data platform BERLIN: Mercedes-Benz and Microsoft announced a partnership on Wednesday using Microsoft Cloud for a data platform... Published 12 Oct, 2022 01:36pm
Business & Finance Australia fines Mercedes Benz unit $8.5mn for lack of urgency on airbag recall The Federal Court of Australia has ordered Mercedes Benz Group’s local unit to pay an A$12.5 million ($8.49 million)... Published 02 Sep, 2022 11:41am
World Russian tourists' luxury cars fill up Helsinki airport HELSINKI: Porsches, Bentleys and other luxury cars with Russian licence plates are filling up the parking garage at... Published 23 Aug, 2022 05:46pm
Business & Finance How a cheap component could help kill off combustion cars LONDON/BERLIN: The humble wire harness, a cheap component that bundles cables together, has become an unlikely... Published 30 May, 2022 11:14pm
Business & Finance Mercedes-Benz bets on India’s nouveau riche to drive luxury car sales PUNE: Germany’s Mercedes-Benz is betting that a growing crop of young new millionaires will drive demand for ... Published 13 Apr, 2022 06:03am
Business & Finance Import of used cars gaining momentum once again KARACHI: The import of used cars has been gaining momentum once again despite the government’s resolve to curb ... Updated 10 Apr, 2022 04:37pm
Markets Scarcity and software set to power Mercedes-Benz through 2022 BERLIN: Mercedes-Benz will focus on its most luxurious vehicles and bring more software in-house to tackle higher... Published 24 Feb, 2022 05:32pm
Business & Finance Mercedes-Benz targets US for hands-free driving certification this year BERLIN: Mercedes-Benz hopes to acquire certification for Level 3 autonomous driving in the United States this year,... Published 24 Feb, 2022 05:16pm
Business & Finance Refreshed Mercedes-Benz posts strong results after truck split FRANKFURT: German auto manufacturer Mercedes-Benz more than doubled its operating profit despite widespread supply... Published 24 Feb, 2022 01:24pm
Markets Mercedes-Benz foresees EV-only production lines within a few years BERLIN: Mercedes-Benz expects to have factories producing exclusively electric vehicles (EVs) by the second half of... Updated 21 Feb, 2022 08:44pm
Business & Finance Mercedes-Benz beats profit forecast as EV sales surge BERLIN: Mercedes-Benz Cars & Vans expects an adjusted EBIT of 14 billion euros ($15.94 billion) in 2021, it said... Published 11 Feb, 2022 02:57pm
Business & Finance South Korea fines Mercedes $16.9mn over emission rules breach SEOUL: South Korea's antitrust regulator said on Monday it decided to fine German carmaker Mercedes-Benz and its... Published 07 Feb, 2022 11:03am
Pitching Pakistan’s economy: brokerage house AHL says country not witnessing exodus of foreign investment
Internet loadshedding?: netizens report disruption in various services on mobile broadband in Pakistan