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GB Auto investments suspended due to dollar shortage: Ghabbour  

GB Auto’s new investments are suspended due to the dollar shortage, CEO of GB Auto Raouf Ghabbour said Tuesday at the Egypt Automotive summit. He told Daily News Egypt they have been communicating with Indian Bajaj Auto, the technical partner for the group in the motorcycle factory, regarding the local component ratio. Those plans however …

Hossam Mounir

GB Auto launches four-part plan to face dollar shortage

By Mohamed Ahmed GB Auto has announced a four-part plan to deal with the foreign currency shortage and its impact on fair competition with imported vehicles. The plan’s first element concerns flexibility in pricing of products to maintain margins of profit as long as possible, as well as taking precautions against any unexpected developments or …

Daily News Egypt

Emgrand 7 continues to top Chinese car sales

The Speranza Tiggo and Envy continued in second and third place respectively, without conducting any sales operations in September, causing the Tiggo to stop at EGP 263m with 1,969 cars sold and the Envy at EGP 134m with 1,675 cars sold.

Ahmed Amer