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Volkswagen

Volkswagen CEO says 50,000 more job cuts may be needed to close competitive gap

Published 13 Jul, 2026 02:59pm

The company must work on reducing costs further, having calculated a cost disadvantage versus comparable companies of 20%, says Blume

Major carmakers handed dieselgate victory in UK

Published 11 Jul, 2026 05:06am

LONDON: The High Court in London on Friday ruled largely in favour of five major carmakers accused of installing...

Key Volkswagen shareholder pitches producing China car models in Germany

Published 28 Jun, 2026 03:43pm

Lower Saxony, where Volkswagen is ‌based ⁠and where it operates five of its six western German assembly plants, has a 20% voting stake in the company

Volkswagen weighs up to 100,000 job cuts, four plant closures in overhaul, sources say

Published 26 Jun, 2026 04:29pm

Closing the plants at Hanover, Zwickau, Emden and Audi’s Neckarsulm site would put more than 45,000 jobs at risk

Porsche to cut 500 jobs

Published 11 May, 2026 05:59am

FRANKFURT: Porsche said Friday it will close three subsidiaries, including an EV battery developer, with the loss of...

Volkswagen reports profit decline in first quarter

Published 30 Apr, 2026 11:48am

The German auto group, which includes subsidiaries Porsche and Audi

Volkswagen deliveries down at start of year, weighed by China woes

Published 13 Apr, 2026 02:34pm

Deliveries fell by 15% in China in the first quarter, the company said in a statement on Monday

Chinese commerce minister meets Volkswagen, Bosch heads

Published 23 Mar, 2026 12:37pm

China’s Commerce Minister Wang Wentao met ‌with heads of German companies Volkswagen Group

Germany’s Merz lands in Beijing hoping to reset ties, as China boasts its massive market

Published 25 Feb, 2026 08:51am

Engagement between Europe's largest economy and China could set the stage for EU-China relations this year

Foreign cars flow to Russia through China

Published 18 Feb, 2026 06:56am

MOSCOW: Tens of thousands of cars are being exported from China to Russia under gray-market schemes that often...

Volkswagen plans to cut costs by 20% by end 2028, Manager Magazin reports

Published 16 Feb, 2026 12:26pm

Volkswagen plans to cut costs by 20% across all brands by the end of 2028

Electric vehicle sales overtake petrol in EU for first time

Published 27 Jan, 2026 07:30pm

EU unveiled a plan in December to abandon an effective 2035 ban on combustion engine cars

Chinese automaker Xpeng touts AI pivot in face of fierce competition

Published 09 Jan, 2026 11:53am

Automakers, for example, are creating robots to automate warehouse and factory tasks

Volkswagen to develop own assisted driving chip in China

Published 05 Nov, 2025 12:40pm

Volkswagen is still the leading foreign group operating in China but the auto giant's sales have drooped as local brands rise

Volkswagen posts 1-billion-euro loss on tariffs, Porsche woes

Published 31 Oct, 2025 06:22am

FRANKFURT, (Germany): Volkswagen reported its first quarterly loss for five years Thursday, topping one billion...

VW to overhaul India business amid market pressures, company memo shows

Published 29 Sep, 2025 08:37pm

NEW DELHI: Volkswagen Group is restructuring its business in India, a key growth market for the carmaker where it...

‘China Inside’: How Chinese EV tech is reshaping global auto design

Published 11 Sep, 2025 11:13am

SHANGHAI/MILAN: When Audi executives first saw the Zeekr 001 in 2021, a long-range electric vehicle with European...

European automakers confront tariffs, Chinese rivalry at Munich car show

Published 08 Sep, 2025 12:12pm

MUNICH: Major automakers will showcase their latest models at Munich’s car show on Monday as Europe’s automotive...

Volkswagen boss Blume looks to give up dual role as Porsche CEO, WiWo magazine reports

Published 27 Aug, 2025 11:45am

BERLIN: Oliver Blume is looking to step down from his CEO position at Porsche AG to focus on his role as head of...

Volkswagen takes 1.3-bn-euro hit from Trump tariffs

Published 04 Aug, 2025 05:45am

FRANKFURT: German auto giant Volkswagen said Friday that tariffs imposed by US President Donald Trump had cost it ...

Volkswagen cuts 2025 guidance after $1.5-billion tariff hit in first half

Published 25 Jul, 2025 07:11pm

BERLIN: Volkswagen reported a 1.3-billion-euro ($1.5-billion) first-half hit from tariffs and cut its full-year...

Volkswagen lowers guidance as tariffs hit profit in second quarter

Published 25 Jul, 2025 11:20am

BERLIN: Volkswagen on Friday gave its first assessment of how U.S. President Donald Trump’s trade war with Europe is...

Volkswagen stops production at Chinese plant in electric push

Published 11 Jul, 2025 06:07pm

FRANKFURT: Volkswagen and its Chinese partner SAIC have shuttered production at a plant in China due to slowing...

Audi could build plant in US to placate Trump, Spiegel reports

Published 20 Jun, 2025 04:40pm

BERLIN: Volkswagen’s premium brand Audi could build a plant at a new location in the United States under scenarios...

Around 20,000 VW workers agree to buyout amid overhaul

Published 04 Jun, 2025 03:03am

FRANKFURT, (Germany): Around 20,000 Volkswagen workers in Germany have so far agreed to take voluntary redundancy as...

Tesla not keen on local production in India, minister says

Published 02 Jun, 2025 01:50pm

NEW DELHI: Tesla does not want to produce cars in India, a federal minister said on Monday, while adding that...

Volkswagen CEO flags ‘massive’ US investments, ‘fair’ tariff talks, newspaper reports

Published 30 May, 2025 01:53pm

BERLIN/FRANKFURT: Volkswagen is holding “fair” and “constructive” talks with the United States government on tariffs...

Volkswagen weighs plan to sell or find partner for Italdesign

Published 19 May, 2025 06:13pm

MILAN: Volkswagen is considering a plan to divest from its design and engineering unit Italdesign, union...

Volkswagen says trade tensions, EV costs to weigh on profits

Published 30 Apr, 2025 11:08am

STUTTGART: Volkswagen expects its operative profit, net cash flow and net liquidity to land at the bottom end of...

Trump to reduce impact of auto tariffs, Commerce secretary says

Published 29 Apr, 2025 07:31am

WASHINGTON: President Donald Trump’s administration will move to reduce the impact of his automotive tariffs on...

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 17	278.16
USD PKR Interbank Buying / Jul 17	277.96
USD to Japanese Yen / Jul 17	162.40
USD to Swiss Franc / Jul 17	0.81
Pound Sterling to USD / Jul 17	1.35
Euro to USD / Jul 17	1.14
SOFR % / Jul 17	3.60

Stock	Volume
S&P 500 / Jul 17	7,457.69
India Sensex / Jul 17	78,151.45
Tokyo Nikkei / Jul 17	64,141.12
Nasdaq / Jul 17	25,520.24
Hang Seng / Jul 17	24,562.24
FTSE 100 / Jul 17	10,600.37
Dow Jones / Jul 17	52,146.42
Germany DAX 30 / Jul 17	24,830.98
France CAC40 / Jul 17	8,338.81

Item	Value
Crude Oil USD/Barrel / Jul 17	82.49
Karachi Cotton PKR/37.32 KG / Jul 17	18,780
Gold 10 Grams PKR / Jul 17	361,656
Gold Spot USD/Ounce / Jul 17	4,017.39
Cotton US¢/pound / Jul 17	78.63
Petrol/Litre / Jul 19	316.15
Diesel/Litre / Jul 19	354.35

Gainers
Losers
Leaders

Stock	Price
Dadabhoy Cement / Jul 17 Dadabhoy Cement Industries Limited(DBCI)	17.01 ▲ 1.55 (10.03%)
Ruby Textile / Jul 17 Ruby Textile Mills Limited(RUBY)	17.59 ▲ 1.6 (10.01%)
Crescent Cotton / Jul 17 Crescent Cotton Mills Limited(CCM)	53.68 ▲ 4.88 (10%)
National Silk / Jul 17 The National Silk & Rayon Mills Limited(NSRM)	272.21 ▲ 24.75 (10%)
Suhail Jute / Jul 17 Suhail Jute Mills Limited(SUHJ)	223.96 ▲ 20.36 (10%)
Baba Farid Sugar / Jul 17 Baba Farid Sugar Mills Limited(BAFS)	418.56 ▲ 38.05 (10%)
Shadman Cotton / Jul 17 Shadman Cotton Mills Limited(SHCM)	50.61 ▲ 4.6 (10%)
Asia Ins. / Jul 17 Asia Insurance Company Limited(ASIC)	34.45 ▲ 3.13 (9.99%)
Olympia Mills / Jul 17 Olympia Mills Limited(OML)	107.58 ▲ 9.65 (9.85%)
TPL Trakker Ltd / Jul 17 TPL Trakker Limited(TPLT)	27.91 ▲ 2.5 (9.84%)

Stock	Price
Tariq Corp. (R) / Jul 17 Tariq Corporation Limited(Right)(TCORPR2)	2.70 ▼ -0.89 (-24.79%)
First Punjab Modaraba / Jul 17 First Punjab Modaraba(FPJM)	11.04 ▼ -1.23 (-10.02%)
Khairpur Sug. / Jul 17 Khairpur Sugar Mills Limited(KPUS)	1,871.47 ▼ -207.94 (-10%)
Service Textile / Jul 17 Service Industries Textiles Limited(SERT)	62.27 ▼ -6.92 (-10%)
S.G.Power / Jul 17 S.G. Power Limited(SGPL)	97.59 ▼ -10.84 (-10%)
Mughal Iron & Steel(C) / Jul 17 Mughal Iron & Steel Industries Ltd (C)(MUGHALC)	63 ▼ -6.99 (-9.99%)
Fateh Sports / Jul 17 Fateh Sports Wear Limited(FSWL)	150.29 ▼ -16.65 (-9.97%)
Paramount Spinning / Jul 17 Paramount Spinning Mills Limited(PASM)	10.91 ▼ -1.1 (-9.16%)
Power Cem(Pref) / Jul 17 Power Cement (Pref)(POWERPS)	23.62 ▼ -2.36 (-9.08%)
Supernet Tech. / Jul 17 Supernet Technologies Limited(STL)	41.34 ▼ -3.72 (-8.26%)

Stock	Volume
Cnergyico PK / Jul 17 Cnergyico PK Limited(CNERGY)	86,491,992 ▲ 0.19
TPL Properties / Jul 17 TPL Properties Limited(TPLP)	62,545,194 ▼ -0.67
Pak Refinery / Jul 17 Pakistan Refinery Limited(PRL)	38,580,070 ▲ 2.94
WorldCall Telecom / Jul 17 Worldcall Telecom Limited(WTL)	23,499,606 ▼ -0.04
K-Electric Ltd. / Jul 17 K-Electric Limited(KEL)	18,396,866 ▼ -0.24
Lotte Chemical / Jul 17 Lotte Chemical Pakistan Limited(LOTCHEM)	17,830,259 ▼ -1.32
Hascol Petrol / Jul 17 Hascol Petroleum Limited(HASCOL)	14,534,208 ▼ -0.33
B.O.Punjab / Jul 17 The Bank of Punjab(BOP)	12,503,494 ▼ -0.51
TPL REIT Fund I / Jul 17 TPL REIT Fund I(TPLRF1)	11,458,248 ▼ -0.29
PIA Holding Co.Ltd / Jul 17 PIA Holding Company Limited(PIAHCLA)	10,427,355 ▲ 0.51

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