Trends - Volkswagen - Business Recorder

Volkswagen

Volkswagen warns of risks from Ukraine crisis as operating profit doubles

FRANKFURT: Volkswagen AG, Europe's top carmaker, doubled its operating profit in 2021 but warned that Russia's...

Published 12 Mar, 2022 12:42am

Business & Finance

VW chief warns economic damage from war risks being worse than pandemic

Volkswagen AG's chief executive officer has warned that a prolonged war in Ukraine risks being "very much worse" for...

Published 10 Mar, 2022 12:15pm

Business & Finance

McDonald's, Coca-Cola join US firms halting Russia operations

NEW YORK: McDonald’s, Coca-Cola and Starbucks on Tuesday bowed to public pressure and suspended their operations in...

Updated 09 Mar, 2022 01:40pm

Business & Finance

Top carmakers suspend operations at Russian plants

FRANKFURT: Toyota and Volkswagen, the world’s two biggest auto manufacturers, said Thursday they would suspend...

Published 04 Mar, 2022 04:37am

Business & Finance

Volkswagen eyes separate stock market listing for Porsche

FRANKFURT: German auto giant Volkswagen on Tuesday said it was drawing up plans to list its luxury brand Porsche as...

Published 23 Feb, 2022 04:54am

Markets

Volkswagen and top investor move closer to Porsche IPO

BERLIN: Volkswagen and its top shareholder have drawn up a preliminary agreement to list Porsche, paving the way for...

Published 22 Feb, 2022 05:56pm

Business & Finance

With weak lira, Turkey woos foreign firms

ISTANBUL: There is a silver lining to Turkey's currency crisis and the global supply chain crunch: The country is...

Published 20 Feb, 2022 11:40am

Technology

Volkswagen in talks with Huawei on autonomous driving unit

BERLIN: Germany's Volkswagen is in talks with China's Huawei about acquiring an autonomous driving unit for billions...

Published 17 Feb, 2022 03:28pm

Business & Finance

Volkswagen hits 2021 EU emissions target after 2020 miss

FRANKFURT: German car giant Volkswagen said Monday it beat the European Union's target for cutting carbon emissions...

Published 24 Jan, 2022 05:26pm

Business & Finance

FAW-Volkswagen plant in Tianjin resumes production

BEIJING: Volkswagen's FAW-Volkswagen vehicle plant in Tianjin resumed production of Friday after shutting on Jan. 10...

Published 21 Jan, 2022 04:23pm

Business & Finance

BMW reigns with sales record in 2021 as Daimler, VW lose ground

BERLIN: Volkswagen vehicle deliveries fell 8.1% in 2021 to just under 4.9 million hurt by supply chain bottlenecks,...

Updated 12 Jan, 2022 02:45pm

Business & Finance

Volkswagen sold 70,625 ID electric cars in China last year, missing targets

BEIJING: Volkswagen AG sold 70,625 of its ID electric vehicles in China last year, missing its goal of selling ...

Published 11 Jan, 2022 10:37am

Markets

Volkswagen to produce even fewer cars in 2022 than this year

BERLIN: Volkswagen expects to produce even fewer cars in 2022 than this year due to ongoing semiconductor supply...

Published 16 Dec, 2021 06:23pm

Business & Finance

German carmakers race to retrain workforce for electric age

WOLFSBURG: After her apprenticeship at Volkswagen, Michelle Gabriel was a master at welding, cutting, bending and...

Published 12 Dec, 2021 11:11am

Business & Finance

Volkswagen cranks up electric car investment

FRANKFURT: German auto giant Volkswagen said on Thursday that it would bulk up its investment in electric vehicles...

Published 09 Dec, 2021 08:32pm

Markets

Used car demand, low hedging costs boost Volkswagen Financial Services expectations

BERLIN: Volkswagen Financial Services expects record annual revenue boosted by a strong fourth quarter, it said on...

Published 08 Dec, 2021 05:36pm

Markets

Tesla bounces back as electric car stocks rally

Tesla's stock bounced back from its recent selloff on Tuesday in a rally of electric vehicle stocks a day after ...

Published 16 Nov, 2021 11:27pm

Business & Finance

Global carmakers now target $515 billion for EVs, batteries

Global automakers are planning to spend more than half a trillion dollars on electric vehicles and batteries through...

Published 10 Nov, 2021 12:41pm

Business & Finance

Renault must keep cutting costs to make its best products by 2023/25

LUDWIGSBURG: Renault CEO Luca de Meo said on Tuesday the company had to keep lowering costs in order to simplify the...

Updated 09 Nov, 2021 06:46pm

Business & Finance

Volkswagen invests in EU-backed energy transformation fund

FRANKFURT: Volkswagen is expanding its green strategy by investing in an EU-backed fund to jointly back technology...

Published 03 Nov, 2021 11:21am

Business & Finance

Chip crunch deals blow to Volkswagen as Q3 falls short

FRANKFURT: Volkswagen cut its outlook for deliveries, toned down sales expectations and warned of cost cuts as an...

Published 28 Oct, 2021 11:52am

Business & Finance

Assembly of Skoda and Volkswagen: PML appoints AKD Securities as financial advisor

KARACHI: Premier Motors Limited (PML) will initially launch premium Volkswagen and Skoda Crossovers and SUVs in...

Published 01 Oct, 2021 04:07am

World

EU court adviser finds car defeat devices broadly illegal

BRUSSELS: Software Volkswagen AG used to alter pollutant emissions based on the temperature and altitude is illegal...

Published 24 Sep, 2021 04:40am

Business & Finance

VW's Skoda to halt Czech plants for a week due to chip shortage

Recent COVID-19 outbreaks in Asia, for example in Malaysia, are forcing semiconductor manufacturers to close their factories again

Published 16 Sep, 2021 06:41pm

Business & Finance

Volkswagen unveils ID LIFE small e-car at $24,000

ID LIFE to be launched in 2025
Car to be build by Spanish unit SEAT
Part of Volkswagen push to dethrone Tesla

Updated 06 Sep, 2021 05:31pm

Business & Finance

Wolfsburg, we have a problem: How Volkswagen stalled in China

Asked about the 400-yuan modification, the spokesperson said Volkswagen was constantly improving its products according to customer feedback, and to make them safer

Published 09 Aug, 2021 11:51am

Business & Finance

Going electric: Carmakers make the switch

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

Published 25 Jul, 2021 11:37am

Business & Finance

Volkswagen China sees chip supply shortage easing

"We hope the chip supply crisis will bottom out this summer and expect to see an improvement in this situation within the second half of the year," Woellenstein, told.

Published 16 Jul, 2021 07:52pm

Business & Finance

Fiat-Chrysler also charged in French 'dieselgate' case

The automaker joins Volkswagen, Renault, Peugeot and Citroen over allegations they deceived customers over emissions produced by their diesel vehicles.

Published 13 Jul, 2021 06:52pm

Business & Finance

Volkswagen aims for half of vehicle sales to be electric by 2030

At Volkswagen, which aims to overtake Tesla as the world's largest electric vehicle (EV) maker by 2025, battery EVs accounted for just 3% of global sales last year.

Published 13 Jul, 2021 06:23pm

Gainers
Losers
Leaders

Stock	Price
Punjab Mod / Dec 6 First Punjab Modaraba(FPJM)	1.80 ▲ 0.20 (12.50%)
Popular Islamic / Dec 6 Popular Islamic Modaraba(PIM)	10.50 ▲ 1.00 (10.53%)
Bawany Air Products / Dec 6 Bawany Air Products Limited(BAPL)	11.28 ▲ 1.00 (9.73%)
Tri-Star Power / Dec 6 Tri-Star Power Limited(TSPL)	11.88 ▲ 1.00 (9.19%)
Trust Sec.& Brok. / Dec 6 Trust Securities & Brokerage Limited(TSBL)	12 ▲ 1.00 (9.09%)
Nazir Cotton Mills / Dec 6 Nazir Cotton Mills Limited(NCML)	3.91 ▲ 0.31 (8.61%)
First Elite Cap.Mod / Dec 6 First Elite Capital Modaraba(FECM)	3.50 ▲ 0.27 (8.36%)
Sakrand Sugar / Dec 6 Sakrand Sugar Mills Limited(SKRS)	9.94 ▲ 0.71 (7.69%)
Tariq Corporation / Dec 6 Tariq Corporation Limited(TCORP)	19.18 ▲ 1.34 (7.51%)
Matco Foods Ltd / Dec 6 Matco Foods Limited(MFL)	37.86 ▲ 2.64 (7.50%)

Stock	Price
Universal Ins. / Dec 6 The Universal Insurance Company Limited(UVIC)	6.45 ▼ -0.70 (-9.79%)
Power Cem(Pref) / Dec 6 Power Cement (Pref)(POWERPS)	7.80 ▼ -0.80 (-9.30%)
Unicap Modaraba / Dec 6 Unicap Modaraba(UCAPM)	1.81 ▼ -0.16 (-8.12%)
Universal Network (GEM) / Dec 6 Universal Network Systems Limited (GEM)(GEMUNSL)	26.11 ▼ -2.12 (-7.51%)
MithchellsFruit / Dec 6 Mitchells Fruit Farms Limited(MFFL)	225.64 ▼ -18.30 (-7.50%)
Otsuka Pakistan / Dec 6 Otsuka Pakistan Limited(OTSU)	159.25 ▼ -12.91 (-7.50%)
Olympia Mills / Dec 6 Olympia Mills Limited(OML)	16.31 ▼ -1.31 (-7.43%)
F.Credit & Inv / Dec 6 First Credit and Investment Bank Limited(FCIBL)	5.51 ▼ -0.43 (-7.24%)
Philip Morris Pak. / Dec 6 Philip Morris (Pakistan) Limited(PMPK)	510.70 ▼ -39.30 (-7.15%)
Saif Textile / Dec 6 Saif Textile Mills Limited(SAIF)	10.22 ▼ -0.77 (-7.01%)

Stock	Volume
Cnergyico PK / Dec 6 Cnergyico PK Limited(CNERGY)	58,087,694 ▲ 0.24
WorldCall Telecom / Dec 6 Worldcall Telecom Limited(WTL)	57,079,786 ▲ 0.01
Fauji Cement / Dec 6 Fauji Cement Company Limited(FCCL)	41,984,500 ▲ 0.28
Pak Refinery / Dec 6 Pakistan Refinery Limited(PRL)	30,480,397 ▲ 1.12
P.T.C.L. / Dec 6 Pakistan Telecommunication Company Ltd(PTC)	28,170,500 ▲ 0.47
Hascol Petrol / Dec 6 Hascol Petroleum Limited(HASCOL)	26,337,000 ▲ 0.36
Fauji Foods Ltd / Dec 6 Fauji Foods Limited(FFL)	26,128,740 ▲ 0.52
Oil & Gas Dev. / Dec 6 Oil & Gas Development Company Limited(OGDC)	23,810,103 ▼ -1.28
Pak Petroleum / Dec 6 Pakistan Petroleum Limited(PPL)	23,518,237 ▼ -0.58
Maple Leaf Cement / Dec 6 Maple Leaf Cement Factory Limited(MLCF)	22,423,667 ▲ 0.19

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