KATHMANDU: Volkswagen CEO Oliver Blume has described the carmaker’s current situation as “more than critical” as the company faces growing pressure from Chinese automakers, US tariffs and excess production capacity in Europe. Blume said Volkswagen and Germany’s wider auto industry…

KATHMANDU: BYD and its authorized distributor in Nepal, Cimex Inc., have announced a donation of Rs 70 million for communities affected by the recent floods. The amount will be deposited into the Prime Minister’s Disaster Relief Fund. It will support…

KATHMANDU: Shekhar Golchha, Chairman and Managing Director of Golchha Group and past president of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), has announced a contribution of Rs 15 million to support flood relief efforts. Golchha made the…

KATHMANDU: The government has urged importers to bring cargo and other vehicles stranded in China into Nepal through the Korala border point in Mustang. The Department of Customs issued a notice asking cargo vehicles heading to Nepal through Rasuwagadhi, Tatopani…

KATHMANDU: Mega Motors Pvt. Ltd. has donated Rs 1 million to support relief efforts for people affected by the Bhotekoshi River floods. The company deposited the amount into the Prime Minister’s Disaster Relief Fund in solidarity with the affected families…