Latest in Automotive Highlight
Latest in Automotive
The 20-year usufruct system hinders idea of establishing New Car City, says businessman
Automotive industry strategy is about to be finalised, according to the Minister of Industry
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 …
The strategy is to attract international companies in the automotive market to fully manufacture in Egypt
Projects aim to accelerate economic growth in the country
The industry must make the most of Canal Zone projects, while learning from Dubai’s Jebel Ali, says Hussein Mustafa
In the run up to the second Egypt Automotive summit, the chairman of El-Saba Automotive Group, spoke with Daily News Egypt about the state of Egypt’s auto industry
Passenger cars sales amount to EGP 30bn, 32,900 buses were sold in 2015
Dollar shortage, free trade agreements are main challenges for local automotive industries, says GB Auto CEO
The summit is an opportunity to follow up on the recommendations of last year, says the honorary chairman of AMIC
Governor of Cairo proposes schemes for auto city and private sector participation to establish garages to combat traffic
DNE reviews value of car prices before and after customs are added
Strategy to stimulate efficient environment for automotive industry in Egypt, says Qabil
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 …
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.
Ghabour said the Ministry of Trade and Industry had overseen the writing of the strategy, which has been submitted to the cabinet for examination.
Qabil demands action plan from companies to increase competitiveness
The Hyundai Verna topped the list with sales amounting to EGP 1.5bn with 16,500 cars sold, considered the cheapest Korean car in Egypt.
The Skoda Octavia sold about 4,620 cars worth EGP 877m during the first nine months of 2015.
American cars were able to achieve sales of 19,400 out of a total of 146,000 cars sales in the market, with an acquisition percentage of 13.2%.
Nissan was able to record sales of 25,000 cars, acquiring 10% of the total number of units sold in the personal car market in Egypt.
Low demand on the three-wheel vehicle, says factory chairman
Six new models in the Egyptian market by 2018, says Ratynski
Summit discusses sector challenges with government’s and companies’ participation
Abraaj Group is a lead investor in the new deal for the application-based car service provider
We demand installation of 24 seats and good ventilation system in cars, says human rights department
Figures raise the question: Is the market experiencing a fake crisis?