Automobiles

Automobiles-related news and analysis.

Nissan to mass–produce electric cars in 2012

YOKOHAMA: Nissan Motor Co. said Tuesday its electric vehicles will be affordable, setting sights on the potentially lucrative market with a plan to mass produce zero-emission cars globally from 2012.

Japan’s No. 3 automaker said it would unveil its first electric vehicle in Japan on August 2 and begin sales next year. “We are moving forward with zero-emission vehicles,” said Chief Executive Carlos Ghosn at a shareholders’ meeting. Nissan will sell electric cars first in Japan and the U.S. after April 2010, and then mass produce them globally in 2012.
Read More »Nissan to mass–produce electric cars in 2012

Pakistan auto sales down 46 percent in FY09, Used car sales also on decline

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By Moonis Ahmed

KARACHI: As the macroeconomic indicators are getting better and the economy is on the path of recovery the fiscal year 2009-10 may witness better for the wavering auto industry that has been suffering from sagging conditions since last two years, industry officials told Daily Times.

Continued decline in the steel prices in international market and the expected decline in the interest rate would help manufacturers to reduce the prices, they added. Read More »Pakistan auto sales down 46 percent in FY09, Used car sales also on decline

Pakistani Auto assemblers push up prices as sales drop

 

By Hina Mahgul Rind

KARACHI: Continuous price hike of local automobiles since 2006 has put new cars out of range of middle-income groups.

According to the latest data released by Pakistan Automotive Manufacturing Association (PAMA) cumulative auto sales (cars + LCVs) depicting a fall of 40 per cent year on year and on a month on month basis, the scenario was more depressing as unit sales declined by 55 per cent.Read More »Pakistani Auto assemblers push up prices as sales drop

Japan racing to develop electric cars

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Zero-emission vehicles not to be a novel concept for long

TOKYO: “Please erase your image of electric cars being like golf carts,” a spokesman for Japan’s fourth-biggest automaker said before taking a zero-emission vehicle out for a spin.

As mass-produced electric cars come closer to reality, their makers are trying to polish the image of what experts say could be a hard sell in the current recession. Read More »Japan racing to develop electric cars

Car sales in Pakistan plunged by 46 percent during July-November

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By Mushfiq Ahmad

KARACHI: Car sales dropped sharply in the first five months of the current fiscal year, indicating the worsening health of the economy and falling purchasing power of consumers.

According to figures released by Pakistan Automotive Manufacturing Association (PAMA), car sales stood at 33,858 during Jul-Nov 2008 compared with 62,815 in the same period of last year, a decline of 46 percent. Read More »Car sales in Pakistan plunged by 46 percent during July-November