Latest in Automotive Highlight
Latest in Automotive
2018 is the breakthrough of the automotive market
Many economic factors and crises have left their mark on the automotive sector during the current year, most notably the liberalization of the currency exchange rate, the shortage of the dollar availability, the high price of the “customs dollar”, the difficulty of imports and the Mercosur agreement. According to the latest data from the automotive …
‘Go Bus’ contracts with Mercedes to supply 22 buses next year for EGP 125m
“Go Bus” has signed an agreement with Mercedes Benz to buy 22 new buses in 2018 for a cost of EGP 125m. Saad Attia, the chairperson of the company, said that the agreement includes the maintenance of 100 buses of the company’s fleet in its workshops. He added that Go Bus has over 18 years …
Transport Division raises reservations to MERCOSUR for Ministry of Industry this week
According to Vice President of the Transport Division of the Federation of Egyptian Industries (FEI) Samir Allam, the division prepared a memorandum clarifying the impact of the MERCOSUR agreement on the automotive industry. The division will present the memorandum to the Ministry of Industry during the current week. Allam added that the signing and implementation …
Automotive companies fix prices after Automech Formula 2017 concludes
A number of car companies decided to fix prices after offering discounts at the Automech Formula 2017. The automotive market witnessed a rise in the price of a number of models. With the recession plummeting market sales, customers are waiting for discount offers in the coming period, for new car buyers, after the used cars …
Shell signs partnership with Fiat Chrysler
Shell Lubricants Egypt signed a partnership deal with Fiat Chrysler Automobiles-Egypt (FCA) to supply engine oils at the after-sales services centres of all FCA’s brands of Jeep and Chrysler. This local partnership lies under the umbrella of the international agreement between FCA and Shell around the world. Saher Hashim, managing director of Shell, said his …
Brilliance Egypt considers transitioning to local manufacturing: general manager
The company is looking into moving Jinbei microbus factory from China, stresses Saad
Egypt Auto sales decline by 39% YTD 2017 compared to 2016
1.5-1.6 L engine cars registered at 52% of the total passenger cars sales volume in YTD 2017
11 companies showcase 41 new models in 2017 Automech Formula exhibition
After the end of the twenty-fourth session of the Automech Formula show, which was held for four days, the show witnessed the introduction of 41 new cars from various companies participating in the show. Daily News Egypt reviewed the models and companies that have launched them… Ghabbour Auto Group The company has introduced through Hyundai …
‘Formula Students’ competition kicks off
The competition includes mechanic and static aspects
Market will recover in coming period: CEO of Toyota Egypt
We will increase our investments during the coming period through increasing after-sales service centres
24 companies participate this year in Automech Formula
A number of first timers join the Automech Formula exhibition, says the managing director of Informa Egypt
A successful round for Automech Formula Exhibition 2017
Absence of many did not prevent attendance
Industry Minister inaugurates 2017 Automech Formula Exhibition in Cairo
Egypt qualified to be an auto industry centre in the Middle East and Africa, says Kabil
Car price hikes since the flotation
Price increases range from 9% to 105%, with Toyota in the lead
IAA opens its doors under “Future Now” slogan
Million visitors came to see the latest designs and special offers for international companies
AAV targets $60m sales this fiscal year
The new generation of Toyota Fortuner raises business volume 20%, says Anis
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 …
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, …
We negotiate with EGA, BMAC to export components to Volkswagen Group: CEO of Kayan
Talks with ARTOC Auto, Skoda’s former importer, failed
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 …
Worst finally over for Egypt business environment: Raouf Ghabbour
Economy reforms start to pay off after years of uncertainty
MERCOSUR threatens feed-in industries, vehicles..Industry Minister rules out possibility
The agreements will force global companies to exclude us from manufacturing: Masrouga
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 …
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, …
55% of Egyptian drivers drink coffee to overcome driving fatigue: Continental Tyres
36% of drivers suffer from headaches if they do not get their favourite drink
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, …
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 …
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 …
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). …
DNE test-drive 7th-generation Hyundai Sonata
A 188-hp turbo engine at 6,000 rounds per minute