Latest in Tag: automobile Highlight
Latest in Tag: automobile
CBE’s automobile committee resumes work soon
Hussein Mostafa, the executive director of the Egyptian Automobile Manufacturers Association (EAMA) and the chairperson of the automobile committee of the Central Bank of Egypt (CBE), said the committee has stopped over the past period in order to study the developments of the automobile market. This includes the increase in the price of automobiles, which …
Demand for e-cars and hybrids stagnates
Demand for alternative fuel vehicles in Europe remains stagnant. In the second quarter of 2016, new registrations only went up by 0.6 percent across the EU. That’s about 148,000 new e-cars spread across 28 member states.
US car market boom faltering
The US automobile sector is struggling to maintain sales momentum, with most major car manufacturers reporting that they sold fewer vehicles in August, as reduced discounting kept customers from showrooms.
Peterhansel wins Dakar Rally
For the twelfth time, French driver Stéphane Peterhansel has won the world’s most gruelling cross-country road race. His final margin of victory was more than half an hour.
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, …
Ministerial decree to apply new standards on imported cars
Three-month deadline for importers of complete cars, one month for importers of spare parts to meet requirements
Al-Futtaim Group Egypt to launch new Honda City model in July at EGP 165,000 starting price
By Islam Atris Nile Trading and Engineering Company Al-Futtaim Group Egypt, Honda’s agent in the country, will release the new design of the Honda City model in July at a starting price of EGP 165,000. Al-Futtaim will release the car during the second half of 2014, and will begin supplying the model to Honda’s authorised …
Car market grows 15% in first half of 2013
102,000 vehicles sold despite political turmoil
Egyptian-Indonesian deal for new automobile frame factory
By Asmaa Nabil A coalition of the Indonesian company Multistrada and the Transport and Engineering Company, a subsidiary of the Chemical Industries Holding Company (CIHC), are studying a plan to build an automobile frame factory financed by Misr Financial Investments. The factory will produce three million automobile frames per year. Amr Nashaat, the official spokesman …
GM Egypt investments $10 million to manufacture the Chevrolet Move in Egypt
General Motors Egypt celebrates its $10 million investment to manufacture Chevrolet Move.
Banque Misr diversifies automobile loans
By Ayat El-Battawy Banque Misr has pledged to increase its credit portfolio for automobile loans by EGP 300 million by the end of the current fiscal year. The bank’s automobile loans portfolio will reach EGP 600m after the increase. An official with the bank said that automobile loans reached EGP 300 million at the end …