Latest in Automotive Highlight
Latest in Automotive
Jeep maintains sales growth despite US dollar shortage
Renegade boosts sales with 432 units
VW investors want independent inquiry into emissions scandal
VW shareholders have grown frustrated with the state of the internal investigation into the emissions cheating scandal. Some are set to call for a new court-ordered probe at next week’s shareholders meeting.
Volkswagen bets on e-cars, self-driving vehicles
Volkswagen unveiled a plan for the next decade containing culture change, as it strives to compete in an industry moving towards e-cars, self-driving systems and on-demand mobility – all while it deals with Dieselgate.
Passenger cars achieve EGP 9.1bn sales in four months
Korean brands maintained the top spots of the sales market, and the brands achieved sales of 14,500 units worth EGP 2.46bn, despite the decline of sales by 24.7% compared to 2015.
Opel Astra and KIA Sportage lead the European car market
KIA Sportage ranked second, recording sales of 245 vehicles during the first quarter of 2016 worth EGP 166m, followed by Peugeot 301 ranking third, recording sales of 658 vehicles worth EGP 85m
Chevrolet tops sales of US markets
The top four spots in the US market sales during the first quarter were occupied by Chevrolet, with the new Optra ranking first on the list by selling 1,200 vehicles worth EGP 171,600m
New Sunny still tops the list of Japanese models
The Mitsubishi Lancer EX ranked second with sales of 2,389 cars at EGP 406m, followed by the Nissan Sentra with 1,748 units sold valued at EGP 292m.
Chery Tiggo ranks second among Chinese cars
Geely Emgrand 7 topped the Chinese auto sales during the first quarter of 2016, recording sales of 1,225 vehicles worth EGP 124m, followed by Chery Tiggo, which sold 562 vehicles worth EGP 82m
Slight improvement in car sales: AMIC
66,400 cars traded over four months, with Chevrolet in the lead
Hyundai outperforms Kia by occupying nine positions
The Verna topped the sales of Korean cars in Egypt during the first quarter of 2016, selling 3,446 cars worth EGP 318m.
Uber suffers legal setbacks in France and Germany
A French court has convicted and fined the US company and two of its executives for deceptive commercial practices and illegal business activity, while a court in Germany maintained a ban of the firm’s UberPop app
Probe launched into lost VW Dieselgate proof
Fallout from Volkswagen’s so-called Dieselgate scandal continues as German authorities investigate a company employee suspected of having destroyed proof that the carmaker cheated on emissions tests for its diesel cars.
Daimler Trucks to cut more jobs in North America
Daimler’s truck division has said it needs to cut over a thousand more jobs in the US and Mexico as demand slows. The company announced its Mount Holly facility in North Carolina would be hit worst.
Nissan to face charges over emissions?
South Korea has said it wants Japanese carmaker Nissan to face criminal charges for allegedly falsifying emissions data on a popular sports utility vehicle. The automaker itself insisted the accusations were unfounded.
Kia takes the prices of Korean cars to a new level
Hyundai raised the price of the manual Verna 2017 by EGP 9,000. It added EGP 10,000 to the automatic category
Chery takes first steps with GB Auto by raising its prices
Geely decided to raise the price of Emgrand by EGP 9,000, and Pandino and Pandino X by EGP 3,000 each. Chery, and its agent in Egypt GB Auto, raised the price of Envy by EGP 7,000 and Tiggo by EGP 9,000. Brilliance and MG kept their prices unchanged from May through June. A previous tour …
Proton surprises market and raises prices by EGP 31,000
The price of the first categories of both models now amounts to EGP 153,900 and the second category to EGP 159,900
Mercedes sales jump 13 percent
The popular German automaker said it sold 170,625 vehicles in May, more than it moved one month ago. With the rise, Mercedes has kept up a momentum that has been building since the beginning of the year.
European automotive market sees price increase on 70 models
Price lists showed that Opel raised the prices of Astra and Cascada by EGP 20,000
Japanese cars keep pace with market price increases
Toyota increased the price of Fortuner by EGP 15,000, Corolla and Yaris by EGP 10,000, and Auris by EGP 28,000.
Chevrolet, Ford drive price increases of American automotive market in Egypt
Prices for Ford’s Fusion, Kuga, and Focus amount to EGP 330,000, EGP 355,000, and EGP 250,000, respectively.
Car prices continue to climb in June
The automotive market has witnessed dramatic prices increase in recent months, driven by the shortage of hard currency required for importing and the high exchange rate on the informal market.
Suzuki offices raided in Japanese fuel-economy probe
Japanese officials have raided the headquarters of Suzuki in search for evidence the carmaker cheated on emissions and fuel-economy tests. The raid comes after Suzuki admitted in May it had used illegal testing methods.
VW sees huge potential in ridesharing business
Officials from German carmaker Volkswagen have announced a major investment in ridesharing company Gett, saying the deal of strategic importance. VW expects brisk business in this market segment.
Volkswagen profit tumbles on dieselgate costs
The troubled German auto maker has reported a steep drop in net profit for the first quarter of 2016, but described its result as “solid” in view of “challenges” arising from its diesel emission-cheating scandal.
LCI 318i ranks first among BMW’s sales, followed by X3
The report included 11 models, most notably LCI 318i, X3, 218i, 520i, X5, 418i, 120i, X1, 740Li, X4, and X6
JEEP maintains sales growth despite US dollar shortage
Grand Cherokee comes at the forefront selling 356 cars, followed by Renegade
Italian automaker Maserati returns to the Egyptian market
Mazerati’s return to Egypt is a commitment to its customers to meet their demand of exclusive luxury products, including in the automotive sector, executive director of Maserati Egypt Mohammed Kandil said
New Sunny, Nissan Sentra support Nissan’s sales growth by 4%
85% decline in ‘super saloon’ class, 96% in Juke
Verna leads the market, despite decline in sales
Tucson ranked second best-selling Hyundai, with Creta and Solaris following