Latest in Automotive Highlight
Latest in Automotive
Auto Center Point exhibition concludes
The Auto Center Point exhibition for cars and accessories in Porto Cairo, launched on 15 October, concluded on Monday. It was attended by 18 companies involved in the automotive sector, including agents and dealers. The exhibition showcased the new 2016 car models and accessories, while other companies offered discounts on their 2015 inventories. It aimed …
Verna tops Korean vehicle sales with EGP 1.2bn
By Ahmed Amer Korean private vehicles sales amounted to EGP 5.2bn in the Egyptian market during the first eight months of 2015. Korean vehicles sales registered 39,400 vehicles out of a total of 130,000 vehicles. The Korean brands acquired 30.3% of the private vehicles market in Egypt. Hyundai Verna sales topped the list with about …
Sales of Chinese vehicles amount to EGP 1bn
Geely Emgrand 7 ranks first, followed by Tiggo
New Sunny sales surpass Lancer and Corolla
Nissan’s New Sunny topped the list through sales of about EGP 987m in the period between the beginning of the year and the end of August, registering 7,898 cars sold. The New Sunny is considered the most popular Japanese car in Egypt.
Sales of American cars amounts to EGP 2.5bn, Aveo tops the list
By Ahmed Amer American-origin car sales amounted to EGP 2.5bn during the first eight months of the current year and 11.5% of the total sales value, which is EGP 21.7bn. American-origin cars sold 16,900 units out of total sales of 130,000 units to acquire the highest ratio of total cars sold, 13%. Chevrolet Aveo topped …
Renault Logan dethrones Škoda Octavia in European car market
Renault Logan was able to top the list, removing Škoda Octavia that topped it since the beginning of the year. Logan sold about 4,730 cars, worth EGP 435m.
Cabinet to observe increase in car prices
Prices of more than 20 models increase this month, including Geely, Ford, and Toyota
VW Europe sales rise amid market upswing
Volkswagen saw sales rise in September – the month in which news of its emissions cheating scandal broke. But its sales grew below the market average, in a first sign the scandal might soon be taking a heavier toll. The European Automobile Manufacturers’ Association (ACEA) published sales figures for the month of September on Friday, …
VW announces Europe-wide mass recall over emissions fix
German carmaker Volkswagen has said it will recall millions of its diesel-powered vehicles registered in Europe to fix software designed to cheat in emissions tests. The move was prompted by a mass recall in Germany. Volkswagen said on Thursday it will recall around 8.5 million vehicles in all 28 of the European Union’s member states …
Germany orders mass recall of VW cars
Germany’s transport authority will order Volkswagen to recall 2.4 million diesel vehicles that have been outfitted with software designed to cheat on emissions tests. The recalls will be mandatory. German regulator KBA, the country’s automotive watchdog, said Thursday it would not sign off on a plan by Europe’s largest automaker to remove deceptive software from …
GB Auto aims to sell 6,000 Geely cars during H2 of 2015
Plans to receive 4,000 Mazda cars instead of 3,000 cars in 2016 to meet the growing needs
Mansour Chevrolet pumps EGP 700m for after sale services
Company plans to expand in service centers in Upper Egypt and Delta: Khedr
ARTOC Auto to appeal fine of EGP 110,000
We will sue the Consumer Protection Agency, says Mehrez
CPA tightens testing procedures on Volkswagen following emissions scandal
The problem exists with diesel engines only, which are currently unavailable, says Volkswagen’s agent in Egypt
Prices of 23 cars increase in October
Hyundai Verna’s price increases by EGP 5,000, Mitsubishi Lancer increases by EGP 2,000
EU could demand back loans from VW
The European Investment Bank (EIB) could demand billions of euros in loans back from Volkswagen, if it determines that Europe’s largest carmaker misused the money to cheat on diesel emissions data. Since 1990, the EIB has extended loans to VW worth some 4.6 billion euros ($5.2 billion) for the development of cleaner motors and production …
Spain not hit by VW investment revision
The government in Madrid has said Spain will not be affected by German carmaker VW’s upcoming investment revision in the wake of its emission tests scandal. It said promised resources would be allocated as planned. VW’s current endeavors to come to grips with its scandal over rigged diesel-engine emission tests would have no impact on …
Hyundai agent test drives new Elantra on Katameya-Ain Sokhna road
The test drive was aimed at showcasing the performance level and capability of the Hyundai car, which falls under the middle class catego
Fiat Professional launched in Egypt
The new models, including the Fiat Ducato, Fiat Doblo, and Fiat New Doblo, were launched and displayed in a special ceremony, attended by targeted media guests and executives from different national and multinational companies, specialised in the fields of petroleum, tourism, aviation, health, food and catering, and other sectors.
Chinese car sales drop by 35% in 8 months
According to AMIC, Geely’s bad sales performance jolted the market in its category, as all of its sales dropped from 10,300 cars in the first eight months of 2014 to about 5,600 cars during the same period in 2015, registering a 50% fall.
5% decline YoY in August auto sales: AMIC
Private cars acquired about 69% of the market with total sales of 13,400 cars, compared to 18,500 during the corresponding period of the preceding year, a decline of 6%.
186,000 cars sold in first 8 months of 2015: AMIC
Chevrolet continues to be highest seller, having sold 41,500 cars
I will not run for next EAMA board elections: Ghabbour
The date of opening the door to run for the new elections of the EAMA has not yet been decided.
Mercedes’ Lewis Hamilton wins Japanese Grand Prix
British driver Lewis Hamilton has won the Japanese Grand Prix for Mercedes, easily beating teammate Nico Rosberg, who started on pole. Sebastian Vettel came in third place for Ferrari. With Sunday’s win at the Suzuka circuit, Hamilton tightened his grip on a third Formula One world title, taking a 48-point lead over teammate Rosberg with …
International Motor Show participants impress attendees with new technologically advanced models
Daily News Egypt interviews representatives of prominent brands
Hyundai to introduce Sonata Hybrid in Middle East region
By Mohamed Aboul Fotouh Daily News Egypt met with Jin Kim, Hyundai Motor Company’s Vice President and Head of Operations in Africa and the Middle East, to discuss the Egyptian market, and the company’s future plans. How do you see the performance of your distributor in Egypt? And what are the major issues constraining your …
Germany in damage containment mode over VW
German cabinet ministers have said they’d do everything in their power to help shed light on carmaker VW’s scandal surrounding its efforts to thwart US pollution tests. They saw no lasting damage to German industry. The German government said it had ordered extensive tests on all Volkswagen diesel models in the country. Transport Minister Alexander …
Volkswagen – a tumbling giant?
The current crisis over the systematic cheating on US emissions tests is weighing down on the reputation of the German auto maker Volkswagen. Here are some facts and figures on the Wolfsburg-based company. Size With 600,000 employees and annual revenues of 200 billion euros ($224 billion), Volkswagen is one of the flagships of German industry. …
From bad to worse: Volkswagen in the US
VW’s manipulated emissions tests are making headlines in the US. That’s putting VW CEO Martin Winterkorn in a bad light after he’s made the US market his personal management priority, says DW’s Thomas Neufeld. As early as the start of last year, the powerful head of VW’s works council Bernd Osterloh called VW’s US business …
Volkswagen CEO apologizes for cheating on US auto emissions tests
Volkswagen CEO Martin Winterkorn has apologized for manipulating US diesel emissions tests. Fines and recalls loom on the horizon. But the biggest price to pay is VW’s loss of face – and that of the German auto industry. Volkswagen CEO Martin Winterkorn has been forced to apologize after the US Environmental Protection Agency (EPA) found …