Latest in Automotive Highlight
Latest in Automotive
GAFI meets 16 Chinese companies to identify cooperation opportunities
The delegation expressed interest in cooperating in fields such as transportation, the construction materials industry and the electric elevator sector.
Hyundai Verna: most sold Korean model in Egyptian market in 2016
With1,456 cars sold at EGP 377m, the Hyundai Tucson was the second most sold Korean model
Geely widely outpaces other Chinese models with sale of Emgrand 7
Geely sold 997 Emgrand 7 models for a value of EGP 92.7m
Nissan’s New Sunny sits atop Japanese auto industry in Egypt
Nissan sold1,680 New Sunny models at an estimated value of EGP 199.9m
Strain on import procedures causes Egyptian automotive market to falter
EAMA asked to meet the central bank governor and three ministers, says spokesperson
Proton posts EGP 15.5m in sales after lacklustre start to 2016
Proton’s Gen2 model was the most sold car in 2016. Egyptian auto dealers have sold 77 Gen2 models worth EGP 9.9m, followed by the Persona model which recorded 43 sales valued at EGP 5.5m
Opel’s Astra tops sales of European models
The German car manufacturer sold 626 Astra models at an estimated value of EGP 134m
Egyptian automotive sector struggles to find accelerator
Despite posting the highest sales in January and February, Korean automakers post 42% retreat
Hyundai Elantra named best in class at Middle East Car of the Year awards
The Elantra was named ahead of joint-finalist in the small sedan category, the VW Jetta, while the Hyundai Tucson was among the finalists for small SUV
GB Auto will continue to raise prices to support profit margins: Ghabbour
The company has made progress in building stock to help overcome challenges related to stalled import procedures
Proton delegation to visit Cairo to study local assembly
Project depends on governmental strategy launch for the automotive sector, says Ezz Elarab
Car prices continue to rise amid foreign currency crisis
High prices, low market sales threaten to shrink market, says EAMA spokesperson
EBAM cuts production by 70% due to dollar crisis
EBAM to start assembling Zemex Star minibuses in May after halting car imports
Car sales fall 31.7% YOY in January and February
Passenger cars sales drop 33%, buses 21%, and trucks by 33%
Tesla’s big bet
The stakes are high for Tesla and its new mid-priced Model 3. Growing competition in the electric car market and a dwindling amount of cash have left the company fighting for its survival.
Dollar shortage most pressing issue in Automech closure
Jeep, BMW, and Suzuki announce the closure of reservations for their vehicles
US court grants VW more time for emissions fix
Europe’s largest carmaker now has until April 21 to develop a plan to fix the emissions cheating software on nearly 600,000 cars. A bench trial may result if the new deadline isn’t met, District Court Judge Breyer says.
Mitsubishi warns of first annual loss
Mitsubishi Corporation, Japan’s biggest trading house, has warned that it will post its first ever annual loss since its founding in 1954. The group said slower growth in China meant a dip into the red was “inevitable.”
GB Auto aims to pump EGP 75m into after-sale services
Hyundai launches Elantra HD locally manufactured for the first time
Mazda targets sales of 4,000 cars in local market by year-end
Launching Mazda 2, new type of SUV model, says chief executive
Renault presents 3 new models during Automech Formula
The models included the Renault Lodgy (a 7-seater), Renault Kadjar, and the new Renault Megan
Ford targets low-price market with new Figo model
At this year’s Automech Formula, Abdul Latif Jameel Company showcased its new car “Ford Figo”, which has a1,200cc engine manufactured in India
Jaguar, Land Rover experienced 50% growth in sales last year
It is difficult to set car prices in wake of dollar shortage, says Al-Gharib
Fiat preparing to launch sedan, SUV this year
Daniel said the company aims to present two new cars during 2016
Brilliance offers V3 for EGP 149,900
In its10 years in the Egyptian market, Brilliance has presented 12 models
Automech Formula sees strong presence of 24 auto companies
The exhibition is supported by the International Organisation of Motor Vehicle Manufacturers (OICA) and the Global Association of the Exhibition Industry (UFI)
Egyptian pound devaluation negatively impacts Nissan Motor Egypt: Sekiguchi
Nissan Motors Egypt CEO demands that companies do not rush to increasing prices because of the devaluation
Nissan to maintain its 24-hour daily shift: chairperson
The company has plans to expand in Egypt but is waiting for the “right moment”
The end of VW in the US?
Volkwagen is struggling with US authorities for a solution to the emissions scandal, without one in sight. Could the days of the German carmaker be numbered in the cutthroat American market?
Automotive agents decry conditions of sector in Egypt at Automech Formula
The general manager of MTI however lauded the central bank’s decision to devalue the pound, saying it will translate to an increase in automotive prices