YOKOHAMA: Nissan on Monday unveiled its second all-electric vehicle, the Japanese automaker's latest push into the eco-friendly car sector despite disappointing sales. The company said its e-NV200, a zero-emission commercial van, can drive 190 kilometres (120 miles) on a full charge, and doubles as an onboard power source to supply emergency lighting or power to an outside unit. Nissan was the first in the world to sell a mass-production electric passen ...

lahore - Pakistan Automotive Manufacturers Association (PAMA) has urged the government to review duty structure on used imported cars again and duties should be increased equitably. PAMA spokesman said, ‘Our other concern point is the sales tax paid on services and indirect material or supplies not being allowed against taxable goods. We hope this anomaly is addressed so as not to increase the cost of doing business of our members who are all honest ...

WASHINGTON: General Motors chief executive Mary Barra said Thursday that the company would take full responsibility for the faulty ignition scandal and compensate victims of accidents tied to the defects. Barra said the saga of the ignitions on Chevrolet Cobalts and other models, which led to at least 13 deaths, was "riddled with failure" but that there was no management conspiracy to cover up 11 years of inaction. Barra said after the comple ...

KARACHI: All Pakistan Motor Dealers Association (APMDA) has written a letter to Federal Finance Minister Ishaq Dar on Thursday in which it complained that the government has favoured local car assemblers over the importers in the 2015 budget. APMDA Chairman H M Shahzad, in his letter, said that it was surprising to see the government taking back the 10% Federal Excise Duty (FED) from locally assembled vehicles above 1,800cc, which had been originall ...

ISLAMABAD: Prices of used local and imported cars are expected to increase phenomenally due to the federal government’s decision to impose heavy taxes – ranging between Rs10,000 and Rs450,000 – on the transfer of ownership of vehicles. The move, one of the dozen new measures introduced in the new budget under the pretext of widening the tax base, seeks to charge higher taxes on transfer of vehicle ownership for those who do not file ...

BERLIN: Germany's Audi said on Thursday that global deliveries increased 10.8 percent in May to 152,000 cars, citing surging demand for its luxury models in the United States. Five-month sales at Volkswagen's flagship division rose 11.5 percent to a record 713,900 premium cars and sport-utility vehicles, Ingolstadt-based Audi said. US deliveries jumped by a quarter in May to 16,601 autos, posting the strongest percentage gain in any of the world's maj ...

DETROIT: General Motors Co on Monday finalized the number of newer-model large pickup trucks and sport utility vehicles it is recalling because the air bags may not deploy, lowering the number of affected vehicles. The No. 1 US automaker, which is dealing with the recall of 2.6 million cars with defective ignition switches linked to at least 13 deaths, said it was recalling 344 of the trucks in North America, most in the United States. On May 23, GM ...

PARIS: The French car market, struggling to recover from a steep downturn last year, faltered badly in May when sales rose by just 0.1 percent although French automakers including hard-hit Peugeot did well, trade data showed on Monday. Car sales are an important indicator of business and household confidence which in France is overhung by low growth, tax rises to correct the national budget, and record unemployment. The latest car data fits an overall ...

TOKYO: Japanese auto sales in May dropped 1.2 percent from a year ago, industry data showed on Monday, as the pace of decline eased from the previous month when a sales tax hike sapped demand. Automakers including Toyota Motor Corp and Honda Motor Co sold a total of 363,370 vehicles, data from the Japan Automobile Dealers Association and Japan Light Motor Vehicle and Motorcycle Association showed. "We are seeing a slight improvement compared to Ap ...

SEOUL: South Korean automaker Kia Motors plans soon to break ground on a factory in Mexico, two sources familiar with the matter told Reuters on Monday, as it grapples with capacity constraints at its US factory. The new factory, which will have annual production capacity of 300,000 vehicles, will be built in the city of Monterrey, one of the sources said. The source added that Kia plans to start production at the plant 21 months after ground-breaking, ...