Latest in Automotive Highlight
Latest in Automotive
X1 does not need hydraulic transmissions: BMW X Product Manager
During the Frankfurt Motor Show, BMW Group revealed its brand new X1 model, which it intends to launch in markets over the upcoming period, after it had conducted full changes, whether in the exterior or interior fittings. The wheelbase and the chassis have also been fully modified, to become larger in comparison to previous models. …
PayFort negotiating with mobile operators to provide e-wallet service: country manager
PayFort expects EGP 9bn worth of electronic payments through its Middle East network
VW scandal sears annual sales
Hell hath no fury like a consumer scorned and German auto giant Volkswagen has felt the heat again as the ‘dieselgate’ scandal continues to singe sales. But CEO Müller says he’s ‘ready to face up to this huge challenge.’ Global demand for the group’s brands was down to 883,700 vehicles in November, 2.2 percent lower …
Opinion: Play with an open hand, VW
Volkswagen’s top brass has asked for patience as it pursues those responsible for the company’s emissions scandal. But that won’t be enough to guarantee VW’s survival. It needs a visionary plan, says DW’s Henrik Böhme. Of course, no-one expected Volkswagen to have all the answers at Thursday’s press conference. It’s been nearly three months since …
VW releases internal probe findings
At their first full press conference since Volkswagen’s emissions-cheating scandal broke, the carmaker’s top executives admitted to a company culture that tolerated rule-breaking, landing VW in its worst-ever crisis. Speaking to reporters in Wolfsburg, Germany, VW Chairman Hans Dieter Pötsch said “the last two and a half months have been unprecedented for the VW group,” …
State, manufacturers appeal to activate auto industry strategy
Two of the main issues addressed during Wednesday’s session of the second Egypt Automotive Summit were the inadequacy of the new automotive industry strategy and the need for major infrastructure investments. This was during the second discussion panel held in the summit, entitled “The automotive industry strategy and feeder industries”. The panel moderator, Amr Nassar, …
New ‘Car City’ raises controversy
The 20-year usufruct system hinders idea of establishing New Car City, says businessman
Supreme council to be formed for auto industry
Automotive industry strategy is about to be finalised, according to the Minister of Industry
GB Auto investments suspended due to dollar shortage: Ghabbour
GB Auto’s new investments are suspended due to the dollar shortage, CEO of GB Auto Raouf Ghabbour said Tuesday at the Egypt Automotive summit. He told Daily News Egypt they have been communicating with Indian Bajaj Auto, the technical partner for the group in the motorcycle factory, regarding the local component ratio. Those plans however …
Egypt launches strategy to produce 1m cars in Egypt by 2025: Qabil
The strategy is to attract international companies in the automotive market to fully manufacture in Egypt
Government to propose major ventures at Egypt Mega Projects conference
Projects aim to accelerate economic growth in the country
Canal development is auto sector’s last chance: AMIC director
The industry must make the most of Canal Zone projects, while learning from Dubai’s Jebel Ali, says Hussein Mustafa
Summit is our chance to recommend solutions: Alaa El-Saba
In the run up to the second Egypt Automotive summit, the chairman of El-Saba Automotive Group, spoke with Daily News Egypt about the state of Egypt’s auto industry
Sale of 279,300 vehicles expected by end of 2015: AMIC report
Passenger cars sales amount to EGP 30bn, 32,900 buses were sold in 2015
Ghabbour urges government to clarify auto industry strategy
Dollar shortage, free trade agreements are main challenges for local automotive industries, says GB Auto CEO
Current auto-sector strategy is weak: Raafat Masrouga
The summit is an opportunity to follow up on the recommendations of last year, says the honorary chairman of AMIC
Ministers of Investment, Industry launch second Egypt Automotive summit
Governor of Cairo proposes schemes for auto city and private sector participation to establish garages to combat traffic
Customs tariffs significantly increase in car prices
DNE reviews value of car prices before and after customs are added
Cabinet to approve auto industry strategy within days: Industry minister
Strategy to stimulate efficient environment for automotive industry in Egypt, says Qabil
GB Auto launches four-part plan to face dollar shortage
By Mohamed Ahmed GB Auto has announced a four-part plan to deal with the foreign currency shortage and its impact on fair competition with imported vehicles. The plan’s first element concerns flexibility in pricing of products to maintain margins of profit as long as possible, as well as taking precautions against any unexpected developments or …
Emgrand 7 continues to top Chinese car sales
The Speranza Tiggo and Envy continued in second and third place respectively, without conducting any sales operations in September, causing the Tiggo to stop at EGP 263m with 1,969 cars sold and the Envy at EGP 134m with 1,675 cars sold.
Egypt working on new auto-industry strategy: Ghabbour
Ghabour said the Ministry of Trade and Industry had overseen the writing of the strategy, which has been submitted to the cabinet for examination.
Ministry of Industry to postpone application of new standards for cars
Qabil demands action plan from companies to increase competitiveness
Korean car sales amount to EGP 6.3bn in 9 months
The Hyundai Verna topped the list with sales amounting to EGP 1.5bn with 16,500 cars sold, considered the cheapest Korean car in Egypt.
Logan tops list of European models
The Skoda Octavia sold about 4,620 cars worth EGP 877m during the first nine months of 2015.
Aveo tops US car sales with EGP 703m
American cars were able to achieve sales of 19,400 out of a total of 146,000 cars sales in the market, with an acquisition percentage of 13.2%.
EGP 1.02bn in Nissan New Sunny sales
Nissan was able to record sales of 25,000 cars, acquiring 10% of the total number of units sold in the personal car market in Egypt.
VW admits to more cheating on 3-liter diesels
Volkswagen has said thousands more of its luxury cars and SUVs contain “defeat devices” than originally believed. The deceptive software was installed on vehicles going back as far as 2009. Germany’s largest carmaker told federal regulators in the US on Friday that thousands more of its 3.0-liter V-6 diesel cars and SUVs were equipped with …
Bosch entangled in VW cheating scandal
A German auto parts supplier is being investigated for its role in Volkswagen’s emissions cheating scandal. Bosch provided the disgraced auto maker with engine components and software for its diesel vehicles. Federal prosecutors in the US are examining whether Bosch, a major engineering and automotive company, colluded with Volkswagen to deceive regulators during diesel emissions …
AOI to supply army with 250 vehicles by year-end
Low demand on the three-wheel vehicle, says factory chairman