New automakers

One of the famous German auto companies, Volkswagen AG, has collaborated with Premier Motors Limited, a Karachi-based company, to invest $135 million in a bid to make new cars and set up an assembly unit in…

The so-called monopoly of the big three local automakers – Pak Suzuki, Honda Atlas and Toyota IMC – may face fierce competition from outside as the government has awarded incentive-based Greenfield Status to 15…