WASHINGTON: The US auto safety regulator on Friday imposed a record $35 million fine on General Motors for its failure to promptly recall cars with ignition faults linked to at least 13 deaths. The National Highway Traffic Safety Administration (NHTSA) said the automaker took years to report the deadly problem even though company engineers were well aware of it in Chevrolet Cobalts and other models in 2009. GM only notified the agency and began recalli ...

FRANKFURT: Volkswagen group vehicle deliveries rose 8.2 percent to 848,500 passenger cars in April, the company said on Friday. Between January and April, car registrations for the Wolfsburg-based maker of the VW, Bentley, Lamborghini, Seat, Skoda and Audi brands, rose 6.4 percent. Sales grew in Europe and Asia Pacific. A 17 percent rise in sales in China helped offset a 4.3 percent dip in sales in Russia, a 21 percent fall in registrations in South ...

KARACHI: Bank AL Habib has introduced its latest offering for its Apni Car Auto Finance. The facility offers financing for new and used/imported vehicles through convenient payment plans, a press release said on Friday. The facility features an easy procedure, fast processing, low down payment, low insurance rates, partial payment options, and low mark-up with fixed and floating rate options. Auto leasing facility is also available for SMEs and corporates ...

JAKARTA: Indonesia's annual auto sales rose at a much slower pace in April than the previous month, data from the industry association Gaikindo showed on Friday. Sales rose 4.5 percent, against 17.8 percent in March, and were led by Toyota Motor Corp, Daihatsu Motor Co Ltd , and Suzuki Motor Corp. However, sales fell 5.5 percent on a monthly basis, against a rise of 1.1 percent in the previous month. Auto sales are one of the key indicators of domesti ...

FRANKFURT: Volkswagen group vehicle deliveries rose 8.2 percent to 848,500 passenger cars in April, the company said on Friday. Between January and April, car registrations for the Wolfsburg-based maker of the VW, Bentley, Lamborghini, Seat, Skoda and Audi brands, rose 6.4 percent. Sales grew in Europe and Asia Pacific. A 17 percent rise in sales in China helped offset a 4.3 percent dip in sales in Russia, a 21 percent fall in registrations in South ...

ISLAMABAD: State Minister for Parliamentary Affairs Sheikh Aftab on Wednesday told the National Assembly that registration of vehicles and issuance of fitness certificate to heavy vehicles is the responsibility of provincial governments. Replaying to a question, the minister said that Motorway and Highway police checks the fitness certificate of heavy vehicles at the entry points. He said that NH&MP checks potentially hazardous vehicles with poor b ...

KARACHI: The net profit for the auto sector has jumped by a massive 52% year-on-year (YoY) to Rs2 billion during the January-March 2014 period compared to Rs1.3 billion in the same period last year. The phenomenal growth in profitability is attributed to the increase in sale prices by 3% and an increase in sales volume by 2.3% YoY. The appreciation of rupee against the dollar and Japanese yen reduced the cost of the sector, which imports 50-60% of a ...

SEOUL: Hyundai Motor Co's South Korean labour union has demanded higher pay and bonuses and more cuts to working hours, as the automaker heads into annual wage talks in June under the threat of industrial action. Any strike action in South Korea - which makes nearly 40 percent of Hyundai vehicles sold globally - could disrupt supply around the world as the company fights to reverse a fall in profits linked to the stronger won and competition from the like ...

DETROIT: General Motors Co conducted an additional 16 tests on cars with the defective ignition switch linked to at least 13 deaths to further support its position that the vehicles are safe to drive with only the key in the ignition, according to a document posted online by US safety regulators. The No. 1 US automaker said it removed parts from the faulty switch to make it easier for a single key to move out of the "run" position, but the switc ...

KARACHI:  The difference in valuation of the import of motorcycle parts between commercial importers and assemblers – valuation for assemblers is mostly higher – is leading to an increase in the  smuggling of motorcycle parts from China, industry officials said. In March 2014, customs department increased valuation on 14 motorcycle items or parts for local assemblers, which commercial importers import from China on lower valuations. T ...