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Latest in Automotive


Challenge and hope

Challenge is usually accompanied by hope. The challenge is to take a step that most people around you think is not carefully considered and will lead to failure at the end of the journey. This is what awaits the humble thoughts of those who only look below their feet and do not live to challenge …

Mohamed Aboul-Fotouh

The Challenge Race of Automech – Formula 2017 

The 24th session of Automech Formula exhibition will kick off on Wednesday amidst the absence of many major car companies, which could not participate due to the market’s recession and huge losses incurred in the last period. The absent companies include Volkswagen, Audi, Seat, Skoda, Ford, Renault, Kia, Brilliance, Opel, Chevrolet, Jaguar, Land Rover, Mazda, …

Daily News Egypt

Elhamy Ezzat: from car dealership to scrap recycling

The art of recycling scrap cars is a simple idea that was carried out by many creative people around the world, including Egypt, but it has not officially appeared in different parts of the world. It has been a hobby passed on by artists who draw different paintings in distinctive shapes, made entirely from scrap …

Daily News Egypt

Uber, MAC partner up to provide incentives to Uber drivers 

Uber signed a partnership with Al Mansour Automotive Company (MAC) to provide special benefits and facilities to Uber drivers. As part of the new partnership, drivers will be able to purchase Chevorlet Optra Comfort 2017 for EGP 195,000 instead of EGP 210,000, in addition to a 20% discount on spare parts and a 15% discount …

Daily News Egypt

Honda, Seat will not participate in Automech Formula 2017

A source in the marketing department of Al Futtaim, Japanese Honda’s agent in the local market, said that the company will not participate in the Automech Formula 2017. He also said that the company will not be launching new models this year and will only have its main models on sale, including the new Civic, …

Daily News Egypt

Automotive Dealers Association demands clarification about development, insurance fees

The Egyptian Automotive Dealers Association presented a memorandum to Minister of Finance Amr Al-Garhi demanding more clarification about the mechanism of collecting development fees on imported and locally-assembled cars and the tax treatment standards of car warranty. It came after the development fees on cars and auto components have increased significantly in the last period, …

Daily News Egypt

Parliament’s Industrial Committee completes auto strategy in November

During the third session of the parliament, the Industrial Committee aimed to draft some laws, especially in the auto strategy, in addition to a draft law that regulates the work of the Industrial Development Authority (IDA). According to the chairperson of the Industrial Committee Ahmed Samir, the auto strategy is expected to be completed in …

Daily News Egypt

CBE’s automobile committee resumes work soon

Hussein Mostafa, the executive director of the Egyptian Automobile Manufacturers Association (EAMA) and the chairperson of the automobile committee of the Central Bank of Egypt (CBE), said the committee has stopped over the past period in order to study the developments of the automobile market. This includes the increase in the price of automobiles, which …

Daily News Egypt

Puzzled Alfa Romeo 

The future of the Italian Alfa Romeo sparked controversy among employees and investors in the car market over the past two weeks amid reports that the Abou Ghali Group won the agency of the company. It caused a stir in the market, since the company has an office in Egypt of Fiat Chrysler Automobile (FCA). …

Mohamed Aboul-Fotouh

Statement from Fiat Chrysler Automobiles Egypt (FCA Egypt)

Regarding recent articles pertaining to the Alfa Romeo network in Egypt, FCA Egypt would like to emphasize that all discussions and procedures have been conducted with complete transparency and coordination between all parties and is in line with the company’s plans to expand the brand’s presence in the Egyptian market. The company is currently in …

Daily News Egypt

Car prices continue climbing in August

July ended, and August began, but the expectations of distributors and dealers in the auto market remained mere inc as no prices have gone down as predicted. Even worse, several companies raised their prices in late July and August by over 8% compared to the beginning of July. Among the companies that raised prices are …

Ahmed Amer

MTI ‘flirts’ with its customers in Porto Marina

MTI, the exclusive agent for Jaguar and Land Rover in Egypt, has organised a driving test for the company’s customers and media professionals over the last three days to try the company’s products for 2018, which will appear for the first time during this event. The company has organised the driving test on all its …

Mohamed Aboul-Fotouh

SAIC Motor ranks 41st on Fortune 500 list

SAIC Motor has ranked the highest on the list of the Fortune 500 magazine for the most important global companies. This is the 13th consecutive time the company makes the list. The company ranked 41st on the magazine’s list, with sales revenues of $113.86bn for fiscal year (FY) 2016. SAIC Motor is considered the largest …

Daily News Egypt