Latest in Tag: Automotive Highlight
Latest in Tag: Automotive
New ‘Car City’ raises controversy
The 20-year usufruct system hinders idea of establishing New Car City, says businessman
Annual summit necessary to boost automotive industry: Ratynski
Prior to the Egypt Automotive summit that kicks off on Tuesday, Fiat Chrysler Automobiles-Egypt CEO Maciej Ratynski spoke to Daily News Egypt, saying that holding an annual summit to discuss automotive industry in Egypt will contribute to boosting the industry. He added that it will provide an opportunity for the leading manufacturers to meet …
EBRD allocates €1bn to support SMEs automotive sector
FEI to request parliament to contribute to economy reform in collaboration with civil society organisations
Bosch entangled in VW cheating scandal
A German auto parts supplier is being investigated for its role in Volkswagen’s emissions cheating scandal. Bosch provided the disgraced auto maker with engine components and software for its diesel vehicles. Federal prosecutors in the US are examining whether Bosch, a major engineering and automotive company, colluded with Volkswagen to deceive regulators during diesel emissions …
Automotive industry strategy presented to cabinet
Minimum percentage of local component pushed to 60% over the next eight years: Abdel Aziz
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
Automotive sales paralysed: Distributors
Incorrect agents’ evaluations exacerbated the crisis, says El-Masria Chairman
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
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
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
FEI presents proposal for automotive industry strategy’s principles
Transportation division forms committee with Industrial Development Authority to place implementation mechanisms for the strategy
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.
GB Auto to feature 2 new cars by year-end: Executive VP
Company will open two new centres, launch S3 centre in Alexandria
Nissan to produce new locally manufactured car in 6 months
$100m total company investments in Egypt: Mardrus
Mohamed Zaky to establish Kattameya services centre with initial investments of EGP 30m
Last month, Mohamed Zaky Automotive celebrated the inauguration of the latest services centre for SEAT cars in Kattameya, with an EGP 12m investment.
WCO settles dispute between ECA, German agents in Egypt
The source also pointed out that one of the German companies imports cars at €33,000 and sells them in the Egyptian market at over EGP 1.250m, while the cars’ real price should be about €64,000.
10 specifications on imported cars to be applied by July
Some of the 10 specifications concern headlights, tyres, door locks, and speed metres, amongst other items.
Bridgestone offers new Ecopia fuel saving tyres
New tyre saves 12% of fuel consumption, will be offered to trucks from August: Ahmed Yehia
Presidency adopts truck manufacturing project for youth
Instructions were issued to Ministry of Military Production to deliver 2,000 vehicles on daily instalment of EGP 100
Shafik Gabr holds on to Skoda agency
No truth to reports of selling the agency, we are increasing the number of the company’s agencies, says chairman
FEI Transport Division, IDA prepare 2 proposals for auto industry strategy
Strategy presented to Minister of Finance to study sector’s tax system
German auto companies, ECA conflict ongoing
German companies present the issue to Al-Sisi during his visit to Germany
German automotive companies file lawsuit against Egyptian Customs Authority
German companies filed a lawsuit against the authority in objection to the application of indicative prices.
Toyota launched operations in spare parts distribution centre
Toyota sales during the first quarter of 2015 reached 7,300 vehicles
Automotive market parties establish Egyptian Automotive Council
No one can deny market is divided, council is chance to reunite, says El-Tobgy
Fictitious discounts advertised in Egyptian automotive market
Market indicators illustrate some companies sell certain cars below fair prices, experts say
Total to open two petrol stations this month, aims for 10 stations in 2015
“We provided our stations with the special machines for distributing fuel by smart cards,” says PR Manager
Dollar exchange rate forces increased automotive prices
Sector workers cannot keep up with increase in taxes and customs