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Latest in Automotive


6 car dealers change their prices in February

Six car dealers—Chevrolet, Ford, Toyota, Chery, Hyundai, and BMW—changed their prices of February 2018 car deliveries. Prices rose by EGP 2,000 for cars like the Hyundai Verna and by about EGP 90,000 for cars such as the BMW X1. The majority of car companies welcomed 2018 by fixing their prices, with the exception of minor …

Ahmed Amer

Automotive industry strategy among most important issues to be resolved in 2018

The situation of anticipation among the workers in the automotive sector extended to parliament over the past year, pending the long-awaited issuance of the strategy for the automotive industry from the Ministry of Industry after the introduction of new amendments. The automotive industry strategy is one of the most important issues to be resolved in …

Ahmed Amer

FCA Egypt announces 2017 achievements, plans for 2018

Fiat Chrysler Automobiles (FCA) Egypt shed light on its most significant achievements and results during 2017, as well as its ambitious plans for 2018. The company made the announcements at its annual press conference, which is of special importance as it comes after encountering the most challenging year throughout the automotive history of the Egyptian …

Daily News Egypt

Car dealers to enter used vehicles market after applying VAT

The Ministry of Finance issued on Tuesday its decision no. 34 of 2018 which applies the value added tax (VAT) on the reselling of used cars in the local market, based on the difference in price between the resale and purchase price of used cars. Alaa Elsaba, chairperson of Elsaba Automotive Group—authorised distributor of a …

Daily News Egypt

Will Egypt join dawn of electric vehicles? 

A boom in electric vehicles (EVs) is spreading across the globe nowadays. The number of EVs on the world’s roads is increasing rapidly, with China, Europe, and the US at the forefront in terms of the increasing number of policy and business incentives. China already has 200m electric two-wheelers and 300,000 electric buses on its …

Daily News Egypt

Genesis appoints Altar Yilmaz as General Manager for MEA

The global automotive brand, Genesis Motors, has appointed Altar Yilmaz as General Manager for the Middle East and Africa (MEA). Yilmaz has 20 years of experience in the luxury car industry, as he spent more than 15 years at Mercedes-Benz from the late 1990s, in addition to holding senior positions at Porsche and Cadillac. He …

Daily News Egypt

2018 Detroit Auto Show begins in Michigan

Last Saturday, the Detroit Auto Show kicked off. The first auto show in 2018 and one of the world’s most important annual auto shows, the platform provides companies with the first panel discussions on the automotive industry at the start of every new year. The exhibition will continue until Sunday, January 28, and will be …

Daily News Egypt

Toyota-Egypt signs distribution agreement with Lexus

Toyota-Egypt signed an agreement with Lexus, the luxury vehicle division of Japanese car maker Toyota, to be the official distributor of Lexus cars in the Egyptian market starting from the beginning of 2018, after Egypt was named among the best car markets in the region. “There is tense competition in the Egyptian car market, but …

Daily News Egypt

EOS issues new Egyptian fuel specifications

The Egyptian Organisation for Standards and Quality (EOS) has held a number of meetings with the Transportation Division of the Chamber of Engineering Industries to develop a new fuel standard and octane ratios for gasoline used in the Egyptian market. Samir Allam, deputy head of the Transportation Division of the Chamber of Engineering Industries, said …

Ahmed Amer

Car companies welcome 2018 with price halts

Most car companies started the New Year by keeping the prices of their models unchanged, thus ending some customer hopes of a price drop. Price lists show that market outlook will continue, after a sharp drop in sales in 2017, a 40% decline in sales compared to 2016. With the exception of minor adjustments to …

Ahmed Amer

Autonomous cars to trend in 2018: Hyundai 

Autonomous cars—vehicles without human drivers—are expected to become a major trend in new driving techniques to be offered in car showrooms in 2018, according to a senior official at Hyundai Africa and Middle East.  Hyundai Director of Product and Operations Mike Sung said that autonomous driving techniques have already been added in Hyundai’s new models. …

Daily News Egypt

New partnership between Shell Egypt, Al-Mansour Automotive

Al-Mansour Automotive—official distributor of Chevrolet and Opel vehicles in Egypt—signed a partnership contract with Shell Egypt to be the exclusive engine oils and lubricants supplier of the company’s service centres. Saher Hashim, managing director of Shell Egypt, said that Shell’s partnership with Al-Mansour was an important step in the company’s successful history in the Egyptian …

Mohamed Aboul-Fotouh