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China auto sales up nearly 9% in March: industry group

BEIJING: Car sales in China jumped nearly nine percent in March from a year earlier, figures from an industry group showed Tuesday, a bright spot for the world s second-largest economy. Vehicle sales hit 2.44 million units last month in the world s top auto market, up 8.8 percent from a year earlier, data provided by the China Association of ... Read More »

Auto production target increased from 0.2m to 0.5m units by 2020

ISLAMABAD: The auto manufacturers have doubled their production target increasing from 0.25 million to 0.5 million units per annum by 2020. While talking to media during an auto workshop, former Pakistan Association of Automobile Parts and Accessories Manufacturers (PAAPAM) chairman Aamir Allawala said the potential investment of $46 billion through China Pakistan Economic Corridor (CPEC) is a big opportunity for ... Read More »

Tesla unveiling Model 3 for ‘middle class’ car lovers

NEW YORK: With the aim to attract middle class car lovers, Tesla is going to introduce the Model 3. Tesla Motors, until now a purveyor of luxurious all-electric cars with equally luxurious price-tags, plans to sell the Model 3 for $35,000, half the base price of the flagship Model S. The Model 3 will be unveiled at Tesla’s Design Studio ... Read More »

PakWheels to hold second auto show in Multan

MULTAN: The country’s largest auto website www.Pakwheels.com has announced to hold second PakWheels Auto Show in the city on March 20 (Sunday), a statement said. The auto show will showcase more than 150 vehicles, featuring latest international brands of cars and motorcycles, while thousands of visitors are expected to attend the mega event. Speaking about the show, PakWheels.com Chairman Suneel ... Read More »

Pak Suzuki’s profit up by 207% to R 5.8 billion

KARACHI: Pak Suzuki Motor Company has posted a net profit of Rs5.8 billion or earnings per share (EPS) of Rs70.9 in the year ending on December 2015, up 207% compared to Rs1.9 billion or an EPS of Rs23.4 in the same period of last year. According to a company notice sent to the Pakistan Stock Exchange (PSX), in the fourth ... Read More »

IMC upgrades Toyota Sedans

LAHORE: Indus Motor Company Limited (IMC) has upgraded functional and aesthetic aspects of the Toyota Range of Sedans to further enhance the desirability of the vehicle. IMC CEO Parvez Ghias, in a statement, said that the Indus Motors has always strived for delighting customers with the best in class mobility solutions. “Through customer feedback studies and exhaustive product planning, we ... Read More »

Over 135 companies participating in Pakistan Auto Show

LAHORE: Over 135 international and local companies are participating in the Pakistan Auto Show, being held at Expo Centre from March 4-6. The Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) is organising the auto show. PAAPAM Chairman Mumshad Ali, in a statement, said that the exhibition is receiving an overwhelming response from the leading automobile manufacturers from around ... Read More »

Watch Stanford’s self-driving car hits 120mph

CALIFORNIA: Now you can travel fast in self-driving cars as Watch Stanford’s vehicle has hit 120 mph on the racetrack. Researchers at Stanford University have put several years of work into developing the autonomous car named Shelley in the hope of tapping into the functionality of race car driving, Daily Mail reported. The team says doing this can help to ... Read More »

Bond’s 200mph Aston Martin DB11 unveiled with £155,000 price tag

GENEVA: Now you can drive like James Bond as the model of the car, the Hollywood hero drove in movie Spectre, has been unveiled with price tag of £154,900. Aston Martin yesterday unveiled its latest supercar, the 200mph DB11. It follows on from the limited edition DB10 driven by Daniel Craig as Bond in Spectre. Only ten of those were ... Read More »

Pakistan Auto Show to start from March 4

KARACHI: The Pakistan Auto Show 2016, organised by the Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM), will be held from March 4 to 6 at the Expo Centre in Lahore. “This year’s grand event will feature more than 120 international and local companies. It is the pioneering trade exhibition for the robust automotive aftermarket in Pakistan. It reflects ... Read More »

Pakistan car sales increase by 57%

KARACHI: Sales of local car assemblers (including light commercial vehicles (LCVs), vans and jeeps) increased by 57% year on year (YoY) during the first seven months (Jul-Jan) of fiscal year 2015-16 (7MFY15-16), according to data released by the Pakistan Automotive Manufacturers Association (PAMA). During 7MFY16, local vehicle sales stood at 133,437 units compared to 85,135 units in the same period ... Read More »

Toyota’s profit surge by 10% to $16b in 9 months

TOKYO: World’s largest automaker Toyota’s nine-month net profit surged nearly 10 percent to 1.9 trillion yen ($16 billion), the company said on Friday. The Corolla and Prius maker also slightly raised its fiscal year profit forecast to 2.27 trillion yen, but unit sales were down in most regions, including Europe and Japan, while North America rose. The region has out ... Read More »

Hyundai’s profit falls by 15% to $5.4b

SEOUL: Hyundai, the world’s fifth-largest auto-making group, has posted 15 per cent lower profits for 2015. A strong local currency and slowing sales in the key Chinese market pummelled South Korea’s Hyundai Motor in the corresponding year, with the automaker on Tuesday reporting its lowest annual profit in five years. The firm’s net profit has fallen for three straight years ... Read More »

Obama to attend upcoming Detroit auto show

NEW YORK: President Obama is planning to attend the North American International Auto Show in Detroit next week. Obama will visit the exhibition on Wednesday to highlight the turnaround in the U.S. auto industry under his watch and tout the administration’s pledge earlier this week to spend $4 billion on testing self-driving cars, according to Transportation Secretary Anthony Foxx. “Yesterday, ... Read More »

Tests reveal some flaws in Google’s self-driving cars

SAN FRANCISCO: The world’s biggest search engine, Google, which is also producing self-driving vehicles, has revealed that its self-driving cars have safely driven more than a million miles, there have been times when humans have had to take over to avoid crashing. System “anomalies” caused drivers to take the wheel 272 times in California test cars in the 14 months ... Read More »

Honda officially launches HR-V in Pakistan

LAHORE: Honda Atlas Cars Limited has officially launched its new model of CBU SUV, The HR-V, in Pakistan. The event unveiled the all new HR-V to a large number of media personnel. The event was attended by Toichi Ishiyama, President & CEO Honda Atlas Cars (Pakistan) Limited, along with the company management. With a touch of class, elegance and sporty ... Read More »

Mazda recalls 374,000 vehicles for Takata airbag defects

TOKYO: Mazda Motor Corp said Friday it will recall 374,000 U.S. vehicles linked to potentially defective front passenger- side airbags made by Takata Corp. The Japanese automaker said the latest recall was prompted after Takata said testing showed additional airbag inflators could be prone to ruptures. The expanded recall includes the 2003-2008 Mazda6, 2006-2007 MazdaSpeed6 and 2004 RX8. Takata airbag ... Read More »

Ford India imports Kuga SUV to India for R&D

NEW DELHI: Ford India has imported the Kuga SUV for R&D. The Kuga is a slightly larger vehicle than the five-seater SUVs like the Renault Duster, Hyundai Creta and Nissan Terrano and might be launched in India, to plug the gap between the EcoSport and the soon to be launched Endeavour. The Kuga measures over 4.5 metres in length, which ... Read More »

German auto sales increased by 8% to 247,300 units in Dec

FRANKFURT: The auto sector in Germany witnessed 8 per cent increase in December, marking a strong year as a whole for the industry, data showed on Wednesday. A total of 247,300 new cars were registered last month, an increase of eight percent compared with the figure for the same month in 2014, according to data compiled by the automakers’ federation ... Read More »

Emissions scandal: Volkswagen sued for $20b in US

NEW YORK: The American government has sued Volkswagen for more than $20 billion in emission scandal. The company was sued for installing equipment on nearly 600,000 diesel cars that intentionally subverted clean-air regulations, resulting in excess harmful emissions. Civil penalties in the lawsuit, filed by the Justice Department on behalf of the Environmental Protection Agency, could run well above $20 ... Read More »