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Volkswagen

STOXX 600 ends at record high; BBVA weighs on Spain

PARIS: Europe’s benchmark index inched up to close at a record high on Thursday, driven by a jump in industrial...

Published 10 May, 2024 04:17am

Business & Finance

Volkswagen profits fall in ‘slow start to year’

FRANKFURT: German auto giant Volkswagen reported Tuesday that profits fell sharply at the start of the year as...

Published 30 Apr, 2024 11:20am

Business & Finance

Volkswagen says profits in 2023 hiked, but warns on slow sales growth

FRANKFURT: German auto giant Volkswagen on Wednesday reported a forecast-beating rise in profits for 2023 as vehicle...

Published 28 Mar, 2024 06:30am

Business & Finance

Volkswagen reports strong profit rise for 2023

FRANKFURT: German auto giant Volkswagen on Wednesday reported a robust rise in profits for 2023, with sales in...

Published 13 Mar, 2024 12:15pm

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

Business & Finance

German court rules against VW’s ‘dieselgate’ software fix

FRANKFURT: A German court ruled Wednesday that software updates meant to fix the “dieselgate” emissions cheating...

Published 18 Jan, 2024 05:54am

World

Former VW boss’s market manipulation trial revived

BERLIN: A German court said Thursday it would resume the trial of former Volkswagen boss Martin Winterkorn for ...

Published 29 Dec, 2023 02:58am

Markets

Wall St set for subdued open in shortened trading session

US stocks were poised for a largely muted open on Friday in a shortened trading session for Thanksgiving, while...

Published 24 Nov, 2023 07:23pm

Business & Finance

Volkswagen lags behind profitability targets in Q3

BERLIN: Volkswagen confirmed on Thursday preliminary results of 78.8 billion euros ($83.07 billion) in Q3 sales and...

Published 26 Oct, 2023 11:08am

Business & Finance

Volkswagen offices searched in connection with works council salaries

BERLIN: Prosecutors have searched four Volkswagen locations on allegations of excessive salaries for members of the...

Published 27 Sep, 2023 05:54pm

Technology

Global automakers scramble to reset China strategies as sales slow

SHANGHAI: For foreign automakers in China, it is time to double down on a turnaround or cut losses after ceding...

Published 28 Jul, 2023 11:09am

Business & Finance

Volkswagen profits dip as it struggles in China

FRANKFURT: Volkswagen said Thursday its profits slipped in the second quarter as it battles to regain ground in...

Published 27 Jul, 2023 01:16pm

Business & Finance

VW eyes sales growth powered by US, China

FRANKFURT: German car giant Volkswagen said Wednesday it was targeting sales growth of five to seven percent ...

Published 26 Jun, 2023 06:38am

Business & Finance

VW eyes sales growth powered by US, China

FRANKFURT: German car giant Volkswagen said Wednesday it was targeting sales growth of five to seven percent...

Published 21 Jun, 2023 07:43pm

Business & Finance

Volkswagen unveils plan to boost flagship brand

FRANKFURT: German auto giant Volkswagen unveiled a plan Wednesday to more than double its flagship VW brand’s return...

Published 14 Jun, 2023 09:36pm

Markets

Markets rally on US debt deal optimism

LONDON: Asian and European stock markets advanced Thursday, tracking a Wall Street rally in optimism over talks to...

Updated 18 May, 2023 05:13pm

Business & Finance

Canada, Volkswagen to invest more than C$20bn in battery gigafactory

OTTAWA: Canada and Volkswagen on Friday outlined financing of more than C$20 billion ($14.8 billion) for a battery...

Published 22 Apr, 2023 03:38am

World

Canada pledges Can$13.2 bn subsidies for VW battery plant

OTTAWA: Canadian Prime Minister Justin Trudeau announced Friday up to 13.2 billion Canadian dollars ($9.8 billion) ...

Published 21 Apr, 2023 11:16pm

Business & Finance

Volkswagen says it will invest 1 billion euro in China EV centre

SHANGHAI: German carmaker Volkswagen said Tuesday it would invest one billion euros ($1.1 billion) in a new...

Published 18 Apr, 2023 06:04pm

Markets

Volkswagen to partner on Indonesia EV battery ecosystem

JAKARTA: Volkswagen will build an electric vehicle (EV) battery ecosystem in Indonesia and will partner with miner...

Published 17 Apr, 2023 11:36am

Business & Finance

Volkswagen holding company avoids ‘dieselgate’ lawsuit

FRANKFURT: A German court ruled Wednesday the holding company that controls Volkswagen does not have to face a...

Published 30 Mar, 2023 07:51am

Business & Finance

VW aims to produce 3m small EV cars in 2025-2030 in Spain, SEAT chief says

BARCELONA: German carmaker Volkswagen plans to produce 3 million small electric vehicles at its two plants in Spain...

Published 27 Mar, 2023 07:32am

World

Russian court freezes all Volkswagen assets in Russia

MOSCOW: A Russian court on Monday froze all Volkswagen assets in Russia, court documents seen by Reuters showed....

Published 20 Mar, 2023 12:28pm

Business & Finance

Volkswagen to invest $193bn over 5 years to hit EV target

BERLIN: Volkswagen plans to invest 180 billion euros ($192.76 billion) over the next five years in areas including...

Published 14 Mar, 2023 02:19pm

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

Toyota top-selling automaker for third year running

TOKYO: Japan’s Toyota was the world’s top-selling automaker in 2022, retaining its lead over German rival Volkswagen...

Published 30 Jan, 2023 11:42am

Markets

Volkswagen warns of unstable 2023

BERLIN: Volkswagen warned on Tuesday that ongoing chip shortages meant 2023 would remain volatile and challenging ...

Published 16 Jan, 2023 06:18am

Business & Finance

Volkswagen investors renew governance gripes despite special dividend

BERLIN: Volkswagen shareholders renewed their criticism of CEO Oliver Blume’s dual roles on Friday, even as they...

Published 19 Dec, 2022 06:00am

Business & Finance

Bentley’s China orders slowed by shutdowns; company has no IPO plans

CREWE (England): Volkswagen’s Bentley expects a slight drop in production in 2023 as shutdowns in China have ...

Published 12 Dec, 2022 06:07am

Business & Finance

Volkswagen to invest $482mn in electrifying Wolfsburg plant

BERLIN: Volkswagen will invest 460 million euros ($482 million) by early 2025 in its Wolfsburg plant, with most of...

Published 07 Dec, 2022 06:09pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 22	278.62
USD PKR Interbank Buying / May 22	278.42
USD to Japanese Yen / May 22	156.82
USD to Swiss Franc / May 22	0.92
Pound Sterling to USD / May 22	1.27
Euro to USD / May 22	1.08

Stock	Volume
S&P 500 / May 22	5307.01
India Sensex / May 22	74221.06
Tokyo Nikkei / May 22	38876.82
Nasdaq / May 22	16801.54
Hang Seng / May 22	19024.41
FTSE 100 / May 22	8370.33
Dow Jones / May 22	39671.04
Germany DAX 30 / May 22	18680.20

Item	Value
Crude Oil USD/Barrel / May 22	76.88
Karachi Cotton PKR/37.32 KG / May 22	19935
Gold 10 Grams PKR / May 22	212791
Gold Spot USD/Ounce / May 22	2371.48
Cotton US¢/pound / May 22	79
Petrol/Litre / May 23	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 23 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 23 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 23 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 23 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 23 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 23 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 23 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 23 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 23 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 23 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 23 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 23 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 23 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 23 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 23 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 23 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 23 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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