Latest in Automotive Highlight
Latest in Automotive
Vehicle emissions rising, e-cars stalled
Bigger cars, more miles, few e-cars: Germany’s transport sector carbon emissions are up. That will make it hard to meet the country’s ambitious 2020 CO² reduction target. Fresh impulses are needed. It’s a long-standing policy of the German government that every sector of the economy is supposed to be progressively decarbonized. Net zero national carbon …
BMW earnings hit by weak Chinese market
German luxury carmaker BMW has seen its profit drop in the second quarter as demand in the world’s largest auto market, China, slumped markedly. But the company said it relied on a speedy rebound there. Earnings before interest and tax dropped by 3 percent in the second quarter year-on-year, BMW Group reported Tuesday. The company’s …
Toyota’s quarterly profits jump
Japanese carmaker Toyota has logged a marked rise in first-quarter profits despite slightly lower unit sales in the new fiscal year. Production cost reductions helped the company secure solid results despite recalls. Toyota Motor Corporation said Tuesday its net income for the three months to June increased by 10 percent to 587.7 billion yen ($5.2 …
Brilliance to open new 3S service centre worth EGP 15m
By Ahmed Amer Khaled Saad, General Manager of Brilliance Bavarian Auto, said the company will open a new 3S service centre at an estimated investment of EGP 15m to EGP 20m next week in Kattameya. Saad said the centre can accommodate 30 to 35 cars, and will offer car maintenance, repair work, and auto paint …
Automotive market sales continue to decline for third consecutive month
138,000 cars sold in first half of 2015, Chevrolet tops market
German carmakers to buy HERE maps from Nokia
Three rival German automakers are buying Nokia’s digital maps division, HERE, a frontrunner in high-precision cartography. The maps are especially useful in the development of autonomous driving systems. German car companies Audi, BMW and Daimler announced on Monday that they would be banding together to purchase HERE from Finland’s Nokia, with each company acquiring an …
Uber plans massive investment in India
App-based car service Uber aims to pour a huge amount of money into its Indian operations in the coming months as part of the company’s efforts to expand and improve its services in the South Asian nation. Uber has announced a $1 billion (900 million euros) investment for the Indian market for the next nine …
New Limited Edition Elantra set to increase popularity of Hyundai’s bestseller
Limited Edition Elantra arrives in Africa and the Middle East in June with new body kit and tech savvy interior features model highlights
Volkswagen lowers sales forecast
Volkswagen, which recently overtook Toyota to become the world’s biggest automaker, has lowered its global sales forecast for 2015 citing weaker demand from China and other key markets. The 12-brand Volkswagen (VW) group, based in the northern German city of Wolfsburg, said Wednesday that revenue would stagnate this year, revising an outlook for a “moderate” …
GM plans a new Chevrolet for emerging markets
In a bid to enhance its presence in fast-growing emerging economies, US auto maker General Motors has unveiled plans to invest billions of dollars in the development of a new family of cars under the Chevrolet line. The Detroit-based carmaker announced Tuesday that it would invest about $5 billion (4.5 billion euros) to introduce a new family of cars under…
Expat Egyptians request government exempt cars from customs
“We can support country with $12bn as deposits in return for customs exemption,” says Shakl
VW overtakes Toyota as world’s biggest automaker
Riding momentum in emerging economies, Volkswagen has outsold its Japanese rival Toyota to become the world's top seller of automobiles. Toyota has sold 5.02 million vehicles so far this year, shy of VW's 5.04 million. In a watershed moment for the German auto giant, Volkswagen was able to take the top spot globally in terms of sales volume in the…
Auto industry strategy does not include standard specifications: EOS
Meetings with Chamber of Engineering Industries to discuss 10 new standards for cars, says Abdel Mageed
Al-Ahram Import, Export demands EOS set standards for electric cars
“We need to receive European electric car standards to be able to issue standards,” replies EOS
Kia, Hyundai to present 6 new car models in 2016
Egyptian International Motors (EIM), the agent for Kia in Egypt, is presenting new models of the Carens, Cerato, Rio, Picanto, and Soul in the Egyptian market.
Fiat Chrysler to pay record fine for recall lapses
Italian-American automaker Fiat Chrysler has been ordered by US regulators to pay a record multimillion dollar penalty for lapses in safety recalls. The company will also buy back some defective vehicles. Fiat Chrysler will pay a $70-million (63.1-million-euro) fine to the US auto safety watchdog, the National Highway Traffic Safety Administration (NHTSA), and spend a further $20 million on "consumer…
Nine reasons Germany is an e-car nightmare
Germany is not only eco-friendly – it's also a car-making country. Although you'd think that would make it heaven for use of electric cars, Germany is way behind. DW reporters share results of a real-world test. Germany is known for its cars: Porsche, BMW and no speed limit on the Autobahn. But if you want to be eco-conscious and drive…
Fiat Chrysler recalls 1.4 million vehicles after Jeep hack
The Italian-American automaker has recalled around 1.4 million vehicles in order to install software updates to prevent the cars and trucks from being hacked via their Internet-connected radios. Just days ago, computer hackers took control of a Jeep Cherokee as it drove along a highway in the US state of Missouri, turning on the A/C, blasting the radio and, most…
FEI presents proposal for automotive industry strategy’s principles
Transportation division forms committee with Industrial Development Authority to place implementation mechanisms for the strategy
EGP 695m sales in Chinese passenger cars in first 5 months of 2015
Geely Emgrand tops list of best-selling Chinese cars in Egypt
EGP 1.36bn in US passenger cars sales in first 5 months of 2015
Chevrolet Aveo is in top position for most sold American car in Egypt, achieving EGP 367m in sales
Korean cars register EGP 2.9bn sales in first 5 months of 2015
Hyundai Verna tops the list of the Korean best seller cars in Egypt
EGP 4.4bn in Japanese car sales in Egypt in first 5 months of 2015
New Nissan Sunny is on top of the list of most sold Japanese cars in Egypt
European car sales in Egypt reach EGP 2.7bn in first 5 months of 2015
Škoda Octavia tops the most sold European cars in Egypt
European car sales in Egypt reach EGP 2.7bn in first 5 months of 2015
Škoda Octavia tops the most sold European cars in Egypt
No reconciliation sessions between EATC parties, final word is for the court: Ezz Eldin
Poor performance and financial manipulation are most notable issues affecting EATC
Car sales decline in May
Overall car sales in first five months of 2015 increase compared to last year
EATC organises annual meeting, suppliers currently stand by board of directors
The meeting discussed the current ongoing dispute in the Egyptian automotive market, especially the increasing demand by consumers on the company’s models and the lower import volume from the agent.
4.9% increase in YTD automotive market: AMIC
Chevrolet, Hyundai and Toyota remain the market leaders in May 2015
GB Auto to feature 2 new cars by year-end: Executive VP
Company will open two new centres, launch S3 centre in Alexandria