Wednesday, May 14, 2008

Karachi Firm Buys Canadian Electric Car Company

WASHINGTON: Government restrictions and declining sales have prompted British Columbia carmaker Dynasty Electric Car Corporation to accept a purchase offer from the Pakistani auto manufacturer, Karakoram Motors Ltd of Karachi.


The Pakistani company has agreed to buy the design and manufacturing operations of Delta, British Columbia-based Dynasty, which has been making electric cars since 2001.Details of what the Pakistani company will pay for the assets have not been disclosed by Dynasty, which is a wholly owned subsidiary of another company that makes specialty equipment for trucks.Dynasty general manager Danny Epp told the Canadian Broadcasting Corporation (CBC) that the main reason for the decision to sell was government regulations that prevent the electric vehicles from being operated on major highways.


As Dynasty's primary market is the US, the strong Canadian dollar also played a role in the decision to accept the offer from the Pakistani company, he said. "We were only manufacturing 30 to 40 vehicles a year, and you can't make any money off that." With six employees on the payroll and a plant in Delta, Dynasty assembles battery-powered cars made with fibreglass bodies and other parts produced elsewhere.


The vehicles are priced at around $16,000. The zero emission, low-speed vehicles are designed for urban, recreational and light commercial markets, including planned and gated communities, destination resorts, industrial complexes and universities.According to CBC, by ramping up production to about 5,000 units annually, Karakoram will be able to generate a profit by selling the vehicles to buyers in the US and Europe.
Aside from larger manufacturing facilities, the new owner is expected to benefit from lower labour costs in Pakistan and global efforts to reduce carbon emissions.

15 comments:

Unknown said...

It was nice effort by Karakoram Motors Ltd., Karachi based company, the news was published in Mobile World Magazine Karachi, i have a copy of magazine & web link http://www.mobileworld.com.pk

Fahad Anwar said...

i read your blog and i like it thanks for you information but my friend i mlooking for a rental car if you want a car for rent please visit on this website Rent a Car in Lahore

Jone Smith said...
This comment has been removed by the author.
Jone Smith said...

I see your post and really impressed which you shared a car rental service with us. Many people are want to travel on cheap service according to your selected budget. So, I would suggest if you are looking for a long journey then for this you easily book cheap flights from lahore to Dubai at an affordable rates.

Unknown said...

Wonderful post!!! Genuinely loved this kind of post. Although I want much more information on like precious subject matter. Click Here how to invest in real estate with no money and bad credit

Blogger said...

How you managed to take this informative article and turn it into an interesting piece of writing is simply amazing to me. I am very impressed with your writing abilities. I am bookmarking this content. You can also get Luxury Guest House In Hermanus in very cheap and affordable rates.

rent acare said...

Thanks for sharing this- good stuff! Keep up the great work, we look forward to reading more from you in the future!
https://rentacareinislamabad.com/
Rent a car in Islamabad

royaltaxipk said...

Hey nice blog,Thank's for this helpful information come back again for more interesting information…Keep it up!
https://royaltaxi.pk/
Rent a Car from Islamabad

Luxury Car rentals islamabad said...

"""Why Hamdan car rental service?
rent a car islamabad
Hamdan car rental service is providing the best service all over Pakistan Karachi Lahore Islamabad Multan Faisalabad Peshawar Quetta Sukkur Sahiwal Abbottabad Mansehra Haripur Murree Naran Kagan Hunza Gilgit Balochistan Chicha Watani Hyderabad China Border Kashmir Malakand And More Areas. Hamdan Rent Car is available with the largest flat service in Pakistan. Rent a car in islamabad"""

Luxury Car rentals islamabad said...

"Why Hamdan car rental service?
Islamabad travel Tour service Hamdan car rental service is providing the best service all over Pakistan Karachi Lahore Islamabad Multan Faisalabad Peshawar Quetta Sukkur Sahiwal Abbottabad Mansehra Haripur Murree Naran Kagan Hunza Gilgit Balochistan Chicha Watani Hyderabad China Border Kashmir Malakand And More Areas. Hamdan Rent Car is available with the largest flat service in Pakistan. Rent a car in islamabad"

Fashionterest.us said...

Delux Interior is one of the best Auckland furniture stores in NZ that offers furniture for your home furnishing solution. Get delighted with our designer furniture collections and bring a new level of luxury to your home. Auckland Furniture stores

royaltaxipk said...

I believe that your blog will surely help the readers who are really in need of this vital piece of information. Waiting for your updates.
https://royaltaxi.pk/
Karachi Rent a Car from Islamabad

sasofacleaningservice said...

I believe that your blog will surely help the readers who are really in need of this vital piece of information. Waiting for your updates.
SA Sofa Carpet Cleaning Services

royaltaxipk said...

Nice blog too informative. looking and reading your points its so impressive. doing more blog like this. I really appreciated doing like this.
Cheap Car Rentals in Islamabad

J&J Rent a Car said...

I appreciate you sharing this helpful knowledge. Excellent post. Reading this post was intriguing. The blog as a whole is quite good, and I appreciate finding some helpful information and stuff here rent a car lahore without driver

Free Blog Counter