FRANKFURT: The executive board of German carmaker Daimler is due in the next fortnight to sign off on plans to build derivatives of its compact A Class model in Mexico, German monthly Manager Magazin reported on Sunday. Daimler will set up production capacity at a plant operated by its alliance partner Nissan in Aguascalientes northeast of Guadalajara, the magazine cited unnamed company executives as saying. Daimler and Nissan declined to comment. Wi ...

STOCKHOLM: World number two truck maker Volvo said shipments of its trucks rose 4 percent year-on-year in May, above market expectations, but said the product and market mix had been unfavourable as sales of lighter trucks outpaced those of heavy duty vehicles. The mean forecast in a Reuters poll of analysts was for shipments at the maker of Volvo, Mack, UD Trucks and Renault trucks to rise 1.3 percent. Deliveries in Volvo's top market, Europe, fell 4 per ...

KARACHI: The announcement of the Punjab government to allocate a big sum of Rs25 billion for the taxi scheme in 2015 budget is going to help improve the profitability of Pak Suzuki – the largest car maker with over 50% market share in Pakistan, analysts said. “Although details of the short-listed manufacturers are yet to be announced for the scheme, we see high probability of Pak Suzuki’s (PSMC) selection,” JS Research reporte ...

TOKYO: Honda Motor Company expects to recall vehicles with potentially defective air bags, a move that could expand a massive, multi-company air bag recall by more than a million, according to a person with knowledge of the matter. The recall involves faulty air bag inflators supplied by Takata Corporation and would follow a similar move this week by Toyota Motor Corporation. The Honda recall should be announced by the end of June, according to the person ...

DETROIT: General Motors Co recalled 511,528 Chevrolet Camaros on Friday for an ignition switch problem similar to the defect linked to at least 13 deaths in Chevrolet Cobalts and other models. GM said it was aware of minor accidents and no fatalities from the Camaro. It said the switch defect in the new recall was not related to the problem in the Cobalts. A driver's knee could bump the current-model Camaro's key fob and move the ignition switch out of ...

TOKYO: Mitsubishi Motors Corp is recalling about 920,000 vehicles globally for a glitch in the light switch that could prevent headlights and blinkers from working, the car maker said on Thursday. No accidents or injuries have been reported as a result of the glitch, Mitsubishi said. In Japan, the car maker is recalling around 703,900 vehicles, including certain Lancer and eK minicar series, manufactured between 2003 and 2008. Overseas the company is re ...

KARACHI: Locally assembled car sales (including light commercial vehicles, commercial vehicles, vans and jeeps) in the first 11 months of the outgoing fiscal year touched 124,807 units, a year-on-year increase of 2.6% compared to 121,636 units in the same period last year. On a monthly basis, auto sales were recorded at 11,809 units in May 2014, which was stable compared to previous month but down 7% from May 2013. Amongst individual companies, Pa ...

KARACHI: Sales of locally assembled cars slightly went up to 107,789 units in July-May 2013-14 as compared to 107,253 units in same period last fiscal year. However, the overall month on month sales fell to 10,557 units in May 2014 as compared to 10,837 units in April 2014. In 1,300cc above, sales marginally improved to 53,878 units as compared to 53,697 units despite decline in sales of Toyota Corolla to 28,117 units from 28,969 units, followed by Suzuk ...

DETROIT: The first 86 dealerships to relaunch the sporty Alfa Romeo brand in North America, most of them now selling Fiat cars, were announced on Tuesday by Fiat Chrysler Automobiles. The 83 Fiat dealerships and three Maserati dealerships will be the first to sell the limited-edition Alfa Romeo 4C sports car later this year. It is the first time new Alfa models will be sold in North America since 1996. Last month, Fiat Chrysler said it would increase ...

TOKYO: Toyota on Wednesday said it was recalling 2.27 million vehicles globally over an airbag system defect that could cause a fire, the latest in a series of callbacks by the world's biggest automaker. The company, which has now recalled about nine million vehicles in the past two months, said the announcement covered about 20 models, including its Corolla sedan and Yaris subcompact.