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Pak Wheels

South Korea’s Kia to start assembling cars in Pakistan: local partner

ISLAMABAD: South Korean carmaker Kia Motor Co will start assembling cars in Pakistan, according to a local partner that is planning to invest 12 billion rupees ($115 million) to set up a plant and manufacture the Kia vehicles. Karachi-listed Lucky Cement, which is part of the vast conglomerate Yunus Brothers Group, said in a statement on Thursday it planned to set up a new company to start "manufacturing, assembling" Kia vehicles. It was not clear how much capital Kia itself would invest in the Pakistani venture.…

Corolla, Toyota’s car for the masses, turns 50

This weekend marks the 50th anniversary of the Toyota Corolla, one of the world's best-selling cars. Since the first model went on sale in Japan on Nov. 5, 1966, some 44.3 million Corollas have been sold globally through the end of September, including the Corolla Fielder station wagon and other variants, the Japanese automaker says. Here are some milestones along the way and where it stands today. CAR FOR THE MASSES In the late 1950s, as Japan's economy recovered from World War Two, automakers…

French automaker Renault decides to invest in Pakistan

ISLAMABAD: French automaker Renault has decided to invest in Pakistan, special assistant to the prime minister and chairman Pakistan Board of Investment Miftah Ismail announced on Thursday. Ismail, in his tweet, maintained that the auto giant  showed 'it's confidence in the new auto policy and govt's economic management' and decided to invest in the country. The French automaker Renault decides to invest in Pakistan. Showing it's confidence in the new Auto policy and govt's economic management. 1 — Miftah Ismail…

Toyota, Suzuki exploring possible partnership

TOKYO: Japan's Toyota Motor Corp and minivehicle maker Suzuki Motor Corp said they plan to explore a possible partnership, citing technological challenges and the need to keep pace with rising consolidation in the global auto industry.