Latest in Tag: Automotive Highlight
Latest in Tag: Automotive
Government support, exports growth drivers of automotive feeding industries
Sector needs to adjust competition between importers, manufacturers, says Rashad
4th Egypt Automotive Summit explores investment opportunities in auto sector
Summit to discuss impact of joining BRICS, Mercosur trade blocs on future of automotive industry
Parliament’s Industry Committee awaits the government’s Automotive Directives in November
The strategy aims to promote manufacturers that raise the export rate of cars made in Egypt, generating hard cash for the economy, reducing pressure on the cash reserves
Auto market awaits launch of 4th Egypt Automotive
As the fourth annual summit of the Egypt Automotive Conference approaches next December, a number of auto industry figures have set high hopes for the upcoming summit amid a sharp drop in sales. The experts demanded that all the challenges faced by the sector be exposed to a sharp drop in sales volume, stop pumping …
Worst finally over for Egypt business environment: Raouf Ghabbour
Economy reforms start to pay off after years of uncertainty
Puzzled Alfa Romeo
The future of the Italian Alfa Romeo sparked controversy among employees and investors in the car market over the past two weeks amid reports that the Abou Ghali Group won the agency of the company. It caused a stir in the market, since the company has an office in Egypt of Fiat Chrysler Automobile (FCA). …
38% decrease in sold units in June, reaching 10,007 units
Demand on locally manufactured cars declines by 39.9%, imported cars by 49.2% during H1 2017
Automotive companies promote themselves in North Coast
Kia, BMW, and Toyota are the most prominent signs announced
Egypt’s first ladies team takes part in automotive championship finals
Ssang Yong team is the champion of Shell Egypt Automotive
Automotive companies offer proposals to amend automotive strategy
Divisions within Transportation Division on the suggestions, says Allam
Industry ministry to form a conflict-solving committee for auto companies
Committee includes the Industrial Development Authority and the transport and feeder industries divisions
Automotive companies offer no price cuts in Ramadan
For the first time in years, car companies have not offered price cuts on their products during the holy month of Ramadan. Most car models’ prices remained unchanged, except Nissan, Hyundai, Chery, and Ford. Auto companies expect that the sector’s sales will fall due to the Central Bank of Egypt’s (CBE) decision to raise the …
German and Egyptian automotive feeding industry companies will meet in Berlin in September
Andreas Hergenröther, the chief executive of the German-Arab Chamber of Industry and Commerce, revealed that the chamber arranged 10 meetings between the Egyptian and German companies during the second half of 2017 in many industrial and investment sectors. He said that one of these meetings will be in September in Germany between the automotive feeding …
Automotive market lost 46.5% of its sales during Q1 of 2017
Domestic product sales declined 45.8%, while import sales declined 47%
2016 was the worst year for auto market: Ezz Elarab general manager
Ezz Elarab’s sales fell by 40%
Opinion: car manufacturing strategy and personal interests
Over the past few weeks, the future of the Egyptian car manufacturing strategy, or in other words the “car law,” has returned to be amongst the hot topics after the crisis that occurred to this project during Angela Merkel’s visit. She announced her dissatisfaction of the project, which was accompanied by a letter from the …
Customs dollar brings back the auto sector to recession
Sources expect unprecedented price increases on new models
Automotive companies will start discount campaigns
Race between Korean and Japanese brands, and absence of the European brands
39% Decline in car sales in January
Locally manufactured cars decline by 42.5% with predictions of continued decline in February
Stock accumulation pushed auto manufacturers to stop production
Ghabbour stopped assembling Hyundai, Geely, Chery
Partnership allows parties to impose internal taxes without distinction between country of origin: Bayoumi
Secretary general of the Egyptian European Association at the Ministry of Investment and International Cooperation Gamal Bayoumi said that the European side did not express any official objections on the government intending to pass the automotive development law, commonly known as the Automotive Development Strategy Directives, until now. Bayoumi told Daily News Egypt that the …
ACEA and EAFA reject new automotive strategy
Tax and customs incentives are inconsistent with international conventions and threaten our exports, say European companies
Parliament’s Industry Committee ends discussions on the automotive strategy next week
Deputy head of the parliament’s Industry Committee, Mohamed El-Zeiny, said that the committee received memorandums of automobile manufacturers that have attended previous discussions with members of parliament (MPs) presenting their suggestions about the draft law of the automotive development strategy. He added that the committee held another meeting last week with some of the industry …
When does the scam come to light?
Talking about announcing the new automotive strategy has become like a scam. We have been talking for three years about the government’s strategy for the auto industry; many meetings and seminars were held to discuss its features. Despite the non-existence of an auto industry law in any country, the strategy later turned out to be …
Automotive sector prepares memorandum on automotive industry strategy
Proportions of components in export incentive will increase to 100% instead of 25%
6 things to consider when applying for a car loan in Egypt
Here are few things you should consider while applying for a car finance scheme
Decline in automotive spare parts sales
Sales of spare parts for cars fell by about 50% over the past two months, after the government’s decision to liberalise the exchange rate in November. Desouky El-Sayed, head of the Spare Parts Division at the Cairo Chamber of Commerce, said that the flotation of the Egyptian pound negatively affected importers and dealers of spare …
Future of Egypt’s automotive market is uncertain: merchants
50% decline in sales over the past three months, says Magdy
Automotive market starts 2017 with price increases across 131 models
The new year for the automotive industry has begun with price increases across 131 models from every famous brand in the automotive market. This rise in prices came amid new estimates set by car companies on the cost of imported cars and their components in US dollars after the Central Bank of Egypt’s (CBE) decision …
25.4% decline in automotive sales over past 10 months
Sales of passenger cars declined by 24.1%, buses by 31.8%, and trucks by 26.3%