Automaker

Tesla CEO Elon Musk said that the company would continue to be publicly traded, weeks after suggesting that he would take the electric carmaker private.

TOKYO: Nissan Motor is suspending domestic production of vehicles for the Japanese market for at least two weeks to address misconduct in its inspection procedures that led to a major recall, it said on Thursday. Japan’s second-largest automaker said it would stop production of domestic market vehicles at all six of its Japanese plants to reconfigure their inspection lines. That came after Nissan admitted uncertified technicians had continued to perform final vehicle checks even after it had said it had strengthened…

Audi AG has launched the exclusive and even more powerful, efficient and intelligent Audi A4 Saloon in Pakistan. The Audi A4 is  available in black and quantum grey colours. The vehicle impresses with a path-breaking synthesis of technology and aesthetics. There are seven engines which are underline by just one principle of less fuel consumption and more power. Audi A4 S has fuel consumption reduced by up to 21 percent while power was increased by up to 25 percent as compared to the predecessor model. For…

WASHINGTON: The United States on Thursday charged Fiat Chrysler with using software on its trucks to evade emissions standards on about 104,000 vehicles. Shares in Fiat Chrysler Automobiles skidded more than 15 percent on the Milan Stock Exchange  as officials in the United States accused it of cheating on diesel emission rules. The stock was repeatedly suspended from trading on the Milan bourse after it shed by as much as 16 percent. Just before 1600 GMT it was showing a loss of 15.7 percent at 8.83 euros. On Wall…

BEIJING: Beijing has fined the Chinese unit of General Motors nearly $29 million for "infringing on the rights of consumers and its competitors" via price-fixing, Shanghai authorities said.  SAIC-GM -- a joint venture between the American company and the state-owned SAIC Motor Corporation, China's biggest automaker by production volume -- has been ordered to cough up 201 million yuan ($28.9 million), approximately four percent of its mainland sales last year, Shanghai's top development and economic reform body said on…

BEIJING: China will slap fines on an unnamed US carmaker for monopolistic behaviour, the state-run China Daily said on Wednesday, as rhetoric over trade heats up between Beijing and US president-elect Donald Trump. A penalty will be issued "soon" against an American firm for telling distributors to fix prices, the paper said in a front-page story, citing an "exclusive interview" with the director of the price supervision bureau in the country's top economic planner. Chinese authorities often use state-controlled media…

TOKYO: Toyota on Wednesday said it was on track to book a record $17.5 billion full-year net profit, as the company also lifted its revenue estimate, citing a weak yen and cost cutting.