Latest in Automotive Highlight
Latest in Automotive
US accuses Volkswagen of evading clean air standards
US regulators have called German carmaker Volkswagen out for intentionally violating clean air standards. If the allegations are true, the Wolfsburg-based company could face billions of dollars in fines. The US Environmental Protection Agency (EPA) on Friday accused Volkswagen of deliberately circumventing clean air rules on nearly 500,000 diesel cars, by using software that evades …
GM reported to have reached deal with investigators
General Motors and the US Justice Department have reached a deal to end a government investigation into the firm’s failure to recall defective ignition switches. The faulty parts had been linked to well over 100 deaths. GM agreed to pay $900 million (796 million euros) and signed a deferred prosecution agreement after its improper handling …
Abdel Nour finalises draft law to develop vehicles manufacturing
The draft law targets preserving the car-assembly sector’s investments and its feeding industries
Daily News Egypt within the corridors of the 2015 Frankfurt Auto Show
More than 45 companies compete to impress the audience and offer new elements in the automotive world
Silicon Valley vs Stuttgart: Round 1, driverless cars
My way or the digital highway? Who will rule the roads of the future with driverless cars? Big tech and car industry heavyweights are headed toward a showdown as cars increasingly turn into digital platforms. The magic year seems to be 2030. Beyond this marker in time, a world of driverless cars awaits – according …
European carmarkers fly high at Frankfurt’s IAA
Lights, camera, cars: Glitzy new models and high-tech gadgets are coming together at the 66th IAA, the world’s largest motor show. And carmarkers from around the world are eager to show off what their prototypes can do. Europe’s carmakers are feeling optimistic. At least, that is definitely the impression they want to make at the …
Frankfurt’s International Motor Show to start Thursday
The exhibition will feature all international companies working in the personal cars, trucks, buses, and spare parts fields.
El-Wahab, Al-Manar contract to supply brake linings in exchange for engine oils
AMCF Managing Director Ahmed Nawara said his company conducted an investment protocol with the International Company for Manufacturing and Assembling Cars El-Wahab Group.
Cabinet resignation threatens issuance of new automotive industry law: Abdel Aziz
$3bn ready to be invested in automotive manufacturing in Egypt once the law is issued, says Ghabbour
‘Look ma, no hands!’
Frankfurt’s IAA motor show is back in town along with more than 1,100 exhibitors from 39 countries. This year’s spectacle will include 210 world premieres, but driverless cars will steal the show. The event organizers may have opted for the much more conservative catchphrase “mobility connects”, but the message is the same: The future of …
Market share Toyota Egypt more than doubles over past 5 years: CEO
Ahmed Monsif, CEO of Toyota Egypt, explains the future plans of the company, and the main obstacles facing the local automotive market
Bavarian Auto Group plans to expand during Q1 of 2016: Chairman
Group will present products that are offered for the first time in the Middle East, says El-Tobgy
Kia, Renault agent looking into car assembly plants in Egypt: Youssef
Lack of currency availability led to increased car prices in parallel market, says EIM automotive sector chairman
VW CEO Winterkorn likely to stay until end of 2018
Directors at Germany’s Volkswagen have thrown their weight behind extending the contract of CEO Martin Winterkorn. They said he should not leave the post before the end of 2018, hoping for more successful years. German carmaker Volkswagen said Wednesday that key members of its supervisory board hoped to extend the contract of CEO Martin Winterkorn …
EATC appoints Karim Naggar as General Manager
The Egyptian Automotive & Trading Company’s Board of Directors has decided to designate Karim Naggar Bassily as its General Manager, granting him all administrative and executive powers related to this position. The decision came in the context of the recently held meeting, presided over by Miral El-Naggar, the company’s Chairman. Throughout the meeting, the issues and …
Ministry of Social Solidarity appoints General Commissioner to oversee EAMA elections
I expect the door for running in the elections will open next month, says EAMA Executive Director
Egyptian Automotive Council to appoint new agents within days
EAC was established in May by some automotive market leaders
Speranza agent faces financial crisis, promises salary payment for 688 employees
By Mohamed Aboul Fotouh and Ahmed Amer Aboul Fotouh Automotive, known commercially as AF Automotive, headed by Hossam Aboul Fotouh and which is Speranza’s agent in Egypt, is currently experiencing an ongoing economic crisis. The shortage in liquidity and cash flows are behind the crisis, according to a company memorandum to the Ministry of Manpower, …
Heat wave ignites tyre market
Traders exploit heat wave currently affecting Egypt to raise tyre prices
Daimler’s self-driving trucks to hit German roads
The car giant’s new generation of self-driving 18-wheelers have been given permission to roam German roads. CEO Zetsche says the industry is facing a revolution and that he’s looking to team up with Silicon Valley. German carmaker Daimler has been given the green light to test its futuristic line of self-driving trucks on public roads …
Automotive sales paralysed: Distributors
Incorrect agents’ evaluations exacerbated the crisis, says El-Masria Chairman
Finance, Industry Ministries, Chamber of Engineering Industries meet to discuss automotive industry strategy
Announcement of new automotive strategy is imminent, says Abdel Nour
GB Auto plans to exit its Libya business
Company took quick steps to put tuk-tuk in Iraq, despite security unrest
Passenger car sales amount to EGP 16.5bn in H1 of 2015
Korean brands are the best-selling in Egypt with more than 28,000 sold cars
Customs Authority reveals customs on Kia Carens, Kia Rio
Egyptian Customs Authority estimated total customs due on Kia Carens 2016, 1600cc, at approximately EGP 79,000.
European passenger car sales amount to EGP 3.66bn during H1 of 2015
Skoda Octavia heads the list of most sold European cars in Egypt at EGP 693m
US passenger car sales amount to EGP 1.95bn during H1 of 2015
Chevrolet Aveo heads the list of the most sold US cars in Egypt at EGP 451m
Chinese car sales amount to EGP 814m during H1 of 2015
Geely Emgrand 7 topped the list of most sold Chinese cars in Egypt after sales reached EGP 254m
Japanese passenger car sales amount to EGP 5.67bn during H1 of 2015
New Nissan Sunny tops the list of most sold Japanese cars in Egypt at EGP 683m
Truck sales increase 50% by end of Suez Canal digging operations to 1,200 units
Finishing the digging operations will decrease the vehicles’ sales to 800 units over 2016, says Nassar