Latest in Automotive Highlight
Latest in Automotive
2nd Egyptian Automotive Dealers Association conference discusses future of auto sector
We want integrated city with system of ownership, not usufruct, says Abu-Al Magd
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 …
Car prices continue to rise in December
New price increases make it difficult for market to improve sales before end-2017
Daily News Egypt closely examines Total Egypt’s quality assurance technology
Total Egypt has announced the launch of a new fuel storage and distribution technology similar to that used in refuelling aircraft to ensure the purest fuel, free of impurities. The new method relies on drawing the gasoline or diesel from the “highest point” in storage instead of its lowest, thus ensuring pure fuel without impurities …
NTG Egypt chairperson: new Verum app detects fake spare parts, prevents fraud
Technology solutions are companies’ weapon to prevent commercial fraud in auto parts
Euro NCAP gives award-winning Jaguar F-PACE five-star safety rating
The Jaguar F-PACE performance SUV has added a five-star rating from Euro NCAP, The European New Car Assessment Programme, to its 2017 World Car of the Year title. The performance SUV, which also won 2017 World Car Design of the Year at the 2017 World Car Awards, scored 93% for adult occupant protection, 85% for …
Careem, Sarwa Capital contract to provide car purchase programs for drivers
The ride-hailing company Careem has announced signing an agreement with Sarwa Capital, a leading provider of finance solutions, to launch a program that would allow Careem drivers to buy their own cars. The program aims to help the drivers reap the economic benefits of their work in full instead of receiving only a share because …
Egypt Automotive recommends approval of auto strategy, stimulation of feed-in industries
New Administrative Capital to rely on electric cars, application of barcodes on spare parts
EGX to have big role in financing auto industry
Exchange is good tool to borrow money in high interest rate environment, say experts
Automotive sector on track to revival as industry strategy set to lure fresh investments
Auto manufacturers set goals to develop the sector on the sidelines of Annual Automotive Summit
Government support, exports growth drivers of automotive feeding industries
Sector needs to adjust competition between importers, manufacturers, says Rashad
INDE manufactures motor tricycles with 60% local component
Shadi Rashad, INDE business development manager, said that three years ago, the company started manufacturing motorised tricycles. It started producing 1,000 units per month. The vehicle is composed of 48% local components from eight suppliers. Currently, the company has increased the local component to 60%. During the fourth annual Egypt Automotive summit, Rashad said that …
Auto industry strategy ready next month: Salah Eldin
The final strategy for the automotive industry will be completed next month, according to the head of the Central Administration for Local Manufacturing Development, an affiliate of the Industrial Development Authority (IDA), Alaa Salah Eldin. He added that the strategy focuses on three main axes: establishing domestic manufacturing, export, and quantitative production. He stressed that …
GB Auto not ruling out stake sale to investors in private placement
The company considers all investment opportunities, says Raouf Ghabbour
4th Egypt Automotive summit bears hope for auto industry
Workers in the automotive industry have participated in the fouth round of Egypt’s Automotive summit 2017 with great hopes for reviving the industry, amid the current fluctuations in the Egyptian car market. A number of auto experts believe that theis year’s summit tackled all the challenges facing the sector, notably the severe drop in car …
4th annual “Egypt Automotive” launches today under sponsorship of prime minister
50 Egyptian, foreign experts look into automotive sector investment opportunities, Suez Canal economic zone
Auto industry strategy to be issued early 2018
Parliament’s industrial committee expects the bill by the end of the month
MTI launches Range Rover Velar for EGP 2.1m
Aluminium structure, strong surfaces, 22-inch alloy wheels
4th Egypt Automotive Summit explores investment opportunities in auto sector
Summit to discuss impact of joining BRICS, Mercosur trade blocs on future of automotive industry
Finance Ministry reduces development fees imposed on new cars
Committee suggests development fee should be calculated for private cars based on price, regardless of capacity
5 banks agree with Go Bus to finance 30 buses
The tourism transport company Go Bus agreed with five banks this month to finance 50% of a deal to purchase 30 tourist vehicles, worth EGP 100m, to be received in April 2018. The five banks are the National Bank of Egypt (NBE), Banque Misr, Emirates NBD, Qatar National Bank (QNB), and the Commercial International Bank-Egypt …
Chevrolet remains top-selling brand with 22.3% of market
Nissan comes in second place followed by Hyundai and Toyota
Daily News Egypt test drives 3rd generation of Skoda Superb
1,400cc engine gives 150 hp at 5,000rpm
Industry Ministry seeks to attract British investment to automotive sector
The Ministry of Trade and Industry aims to increase British investments in the automotive, engineering, and textile sectors
Peugeot divests AIND from dealership
Mansour approaches the acquisition of agency, Peugeot’s acquisition of Opel raises its shares value
Historic leaps in car prices one year after flotation
The prices of cars have witnessed aggressive changes since the liberalisation of the exchange rate starting in November 2016. Daily News Egypt detected the changes to car prices in the Egyptian market from before the Central Bank of Egypt (CBE) made the decision to float the Egyptian pound last year up until November 2017. The …
Renault ZOE Long Range model launches in Middle East
Renault Middle East has launched its new all-electric ZOE Long Range model in the Middle East. The latest version of Renault’s electric vehicle now boasts a record driving range of 300 Kilometres (in real driving conditions) on a single charge – double the distance of the previous generation ZOE model. The new car’s price starts …
Egypt’s car sales continue to decline in September by 30%
Chevrolet maintained its top rank among the highest sellers in first nine months of 2017
ALJ Egypt opens latest integrated service centres for Ford trucks in Abu Rawash
Abdul Latif Jameel (ALJ) – Egypt, one of the leading companies in the world and the sole supplier of Ford Trucks in Egypt, opened the most advanced service centre in the Abu Rawash Industrial Zone, which includes an integrated maintenance centre for trucks and a warehouse for original spare parts. It is a real breakthrough …
Auto market awaits launch of 4th Egypt Automotive
As the fourth annual summit of the Egypt Automotive Conference approaches next December, a number of auto industry figures have set high hopes for the upcoming summit amid a sharp drop in sales. The experts demanded that all the challenges faced by the sector be exposed to a sharp drop in sales volume, stop pumping …