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Volkswagen shifts gears with Oliver Blume taking wheel

Published 01 Sep, 2022 11:51am

FRANKFURT: Volkswagen on Thursday hands over the reins to new CEO Oliver Blume, tasked with steering the German...

China greenlights Audi-FAW's $3.3bn electric vehicle venture

Updated 15 Feb, 2022 02:24pm

SHANGHAI: Volkswagen's Audi and its Chinese state-owned partner FAW Group have received approval from Chinese...

Volkswagen and Bosch to collaborate on automated driving software

Published 25 Jan, 2022 01:39pm

BERLIN: Volkswagen's software subsidiary Cariad and autos supplier Bosch have formed a partnership to develop...

Volkswagen China shuts two plants in Tianjin due to COVID-19 outbreaks

Published 13 Jan, 2022 01:57pm

BEIJING: Volkswagen Group's China unit said on Thursday it has shut a plant it jointly runs with FAW Group in the...

VW expects battery, raw material drive to cost up to $34bn

Published 01 Dec, 2021 02:26pm

FRANKFURT: Volkswagen's planned European battery cell plants and securing vital raw materials will cost as much as ...

Audi-FAW electric vehicle venture in China delayed

Published 29 Nov, 2021 02:41pm

BERLIN: Volkswagen's premium automaker Audi's joint venture to build electric vehicles in China with state-owned FAW...

Audi CEO hopes for chip supply stabilisation by summer 2022

Published 02 Nov, 2021 10:22am

FRANKFURT: Volkswagen's premium carmaker Audi expects chip supplies to remain tight at least until summer 2022, ...

Volkswagen's main plant producing fewest cars since 1958, source says

Published 20 Oct, 2021 05:15pm

BERLIN: Volkswagen has produced just 300,000 cars at its main Wolfsburg plant so far this year, a company source ...

Chief executive of VW's truck unit Traton replaced by Scania boss

Published 30 Sep, 2021 11:38am

FRANKFURT: The chief executive of Volkswagen's truck unit Traton, Matthias Gruendler, will leave the business and...

Volkswagen to stop selling combustion engines

Published 28 Jun, 2021 04:38am

BERLIN: Volkswagen said Sunday it plans to stop producing cars with internal combustion engines in Europe for its...

VW's SEAT hopes to make up for lost time as manages chip shortage

Published 25 May, 2021 08:11pm

"The lack of semiconductor (chips) is still a challenge but we are managing it well ... What's most important is to have a good demand for our products," he told a news briefing, calling the supply problems an occasional issue that should be fixed over time.
Griffiths said SEAT had just lifted the furlough scheme it initiated in March because of the chip shortage.

VW's SEAT wants to build battery assembly plant in Barcelona area

Updated 22 Mar, 2021 06:34pm

Wayne Griffiths confirmed that SEAT plans to launch an urban electric vehicle in 2025, which it wants to produce at its plant in Martorell, outside Barcelona.
"If we want a car by 2025, we need to make these decisions quickly this year," Griffiths told a press briefing, adding he was confident of securing an agreement with the Spanish government.

VW's SEAT says global chip shortages will affect company in first half

Published 22 Feb, 2021 07:06pm

He told a news briefing he was "cautiously optimistic" about the whole year, expecting a strong second half in terms of car sales once the impact of the coronavirus pandemic eases.

Volkswagen's electric SUV ID 5 coupe to start production in 2021

Published 20 Feb, 2021 02:51pm

Volkswagen will start production of it's next electric SUV, the ID 5 coupe, in Germany in the second half of 2021.

Skoda Auto says will not sponsor ice hockey world cup in Belarus

Published 16 Jan, 2021 06:06pm

We've been a proud partner for 28 years. But we also respect & promote all human rights.
"Therefore, SKODA will withdraw from sponsoring the 2021 IIHF Ice Hockevy World Championship if Belarus is confirmed to be co-hosting the event," Skoda said.

VW CEO Diess stays on to lead new executive team but wins no contract extension

Published 15 Dec, 2020 12:24pm

After the meeting, the non-executive supervisory board also said in a statement the carmaker would cut overhead costs by 5% and procurement costs by 7% over the next two years.

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 1	277.30
USD PKR Interbank Buying / Oct 1	277.10
USD to Japanese Yen / Oct 2	157.82
USD to Swiss Franc / Oct 2	0.83
Pound Sterling to USD / Oct 2	1.32
Euro to USD / Oct 2	1.12
SOFR % / Sep 30	3.90

Stock	Volume
S&P 500 / Oct 1	7,666.45
India Sensex / Oct 1	71,909.70
Nasdaq / Oct 1	26,871.60
Dow Jones / Oct 1	50,926.56
Tokyo Nikkei / Oct 2	68,326.72
Hang Seng / Oct 2	24,012.97
FTSE 100 / Oct 2	10,443.98
Germany DAX 30 / Oct 2	24,999.92
France CAC40 / Oct 2	7,858.85

Item	Value
Karachi Cotton PKR/37.32 KG / Oct 1	18,480
Petrol/Litre / Oct 2	390.66
Crude Oil USD/Barrel / Oct 2	92.52
Gold 10 Grams PKR / Oct 2	377,774
Gold Spot USD/Ounce / Oct 2	4,189.29
Diesel/Litre / Oct 2	399.34
Cotton US¢/pound / Oct 2	77.51

Gainers
Losers
Leaders

Stock	Price
Dewan Sugar / Oct 2 Dewan Sugar Mills Limited(DWSM)	7.21 ▲ 1 (16.1%)
Burj Clean Energy Modaraba / Oct 2 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	12.38 ▲ 1.13 (10.04%)
Apna Microfin. / Oct 2 Apna Microfinance Bank Limited(AMBL)	19.88 ▲ 1.81 (10.02%)
Dandot Cement / Oct 2 Dandot Cement Company Limited(DNCC)	19.87 ▲ 1.81 (10.02%)
D.S. Ind. Ltd. / Oct 2 D.S. Industries Limited(DSIL)	17.25 ▲ 1.57 (10.01%)
Arpak Int. / Oct 2 Arpak International Investments Ltd.(ARPAK)	141.82 ▲ 12.89 (10%)
First Imrooz Mod. / Oct 2 First Imrooz Modaraba(FIMM)	315.63 ▲ 28.69 (10%)
Mandviwala / Oct 2 Mandviwala Mauser Plastic Industries(MWMP)	93.26 ▲ 8.48 (10%)
Noon Sugar / Oct 2 Noon Sugar Mills Limited(NONS)	87 ▲ 7.91 (10%)
Popular Islamic / Oct 2 Popular Islamic Modaraba(PIM)	72.16 ▲ 6.56 (10%)

Stock	Price
F.Credit & Inv / Oct 2 First Credit and Investment Bank Limited(FCIBL)	35.70 ▼ -3.97 (-10.01%)
Ashfaq Textile / Oct 2 Ashfaq Textile Mills Limited(ASHT)	40.96 ▼ -4.55 (-10%)
Asim Textile / Oct 2 Asim Textile Mills Limited(ASTM)	112.10 ▼ -12.46 (-10%)
Buxly Paints / Oct 2 Buxly Paints Limited(BUXL)	418.57 ▼ -46.51 (-10%)
First Tri-Star Mod. / Oct 2 First Tri-Star Modaraba(FTSM)	39.63 ▼ -4.4 (-9.99%)
First Punjab Modaraba / Oct 2 First Punjab Modaraba(FPJM)	23.53 ▼ -2.61 (-9.98%)
Dadex Eternit / Oct 2 Dadex Eternit Limited(DADX)	130.10 ▼ -14.08 (-9.77%)
Mughal Energy / Oct 2 Mughal Energy Limited(GEM)(GEMMEL)	37.25 ▼ -3.84 (-9.35%)
Sindh Modaraba / Oct 2 Sindh Modaraba(SINDM)	33.10 ▼ -3.23 (-8.89%)
Barkat Frisian Agro / Oct 2 Barkat Frisian Agro Limited(BFAGRO)	28.50 ▼ -2.72 (-8.71%)

Stock	Volume
F. Nat.Equities / Oct 2 First National Equities Limited(FNEL)	41,237,338 ▲ 0.01
WorldCall Telecom / Oct 2 Worldcall Telecom Limited(WTL)	37,879,624 ▲ 0
D.S. Ind. Ltd. / Oct 2 D.S. Industries Limited(DSIL)	29,509,030 ▲ 1.57
First Punjab Modaraba / Oct 2 First Punjab Modaraba(FPJM)	28,164,214 ▼ -2.61
Kohinoor Spinning / Oct 2 Kohinoor Spinning Mills Limited(KOSM)	25,036,855 ▼ -0.26
K-Electric Ltd. / Oct 2 K-Electric Limited(KEL)	23,301,678 ▼ -0.09
Pak Int.Bulk / Oct 2 Pakistan International Bulk Terminal(PIBTL)	22,009,408 ▼ -0.48
Cnergyico PK / Oct 2 Cnergyico PK Limited(CNERGY)	20,747,669 ▼ -0.23
Pak Refinery / Oct 2 Pakistan Refinery Limited(PRL)	17,775,295 ▼ -0.33
Tasdeeq Info. Serv. / Oct 2 Tasdeeq Information Services Limited(TISL)	12,225,150 ▼ -0.09

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