Latest in Tag: Ghabbour Auto Highlight
Latest in Tag: Ghabbour Auto
Ghabbour Auto records EGP 7.8m in revenues in 2Q 2022
These figures reflect the resilient consumer demand and improved pricing strategies across GB’s business lines.
Ghabbour Auto to continue eyeing growth of financing arm GB Capital: CEO
Company anticipates reEGPase of Drive mobiEGP application in H2 2021
GB Auto eyes spending EGP 260m as capex during 2021
Company considering selling minority stakes in NBFI companies to strategic investors
Ghabbour Auto’s Drive securitisation deal to result in EGP 100m gain
Drive, Ghabbour Auto’s (GB Auto) consumer finance and factoring subsidiary, has completed its second securitised bond offering, amounting to EGP 892m.
Removal of safety features to reduce prices stirs controversy in Egypt auto market
We launched cars without airbags to meet all customers’ needs, says GB Auto
Chery Arrizo 5 price increases EGP 3,000: Ghabbour Auto
This entails the following updates on prices: the first category M/T Baseline is now priced at EGP 172,000 instead of EGP 169 000; the second category A/T Baseline is EGP 192,000 instead of EGP 189,000; and the third category A/T Highline is EGP 206,000 instead of EGP 203,000.
GB Auto sees 3.1% decline in March market shares
Company’s March market share declines to 17.2%, passenger car sales rose 16.5% y-o-y, but decline 10.4%
Ioniq Hybrid 2019: Ghabbour Auto launches Hyundai’s first hybrid car in Egypt
Wide range of Hyundai models to meet aspirations of entire family in terms of strength, safety, technology
DNE tour of GB Auto Prima plant
Production capacity of factory reaches 50,000 units per year
Hyundai Motor offers its clients a chance to attend the World Cup
Hyundai, through its dealership Ghabbour Auto (GB Auto), has launched a special opportunity for anyone wanting to test drive a Hyundai sedan to enter a big draw to win the grand prize: a trip to Russia to watch a World Cup match and visit Moscow and enjoy its most famous tourist attractions, such as the …
Ghabbour Auto acquires 96.8% of Chinese sales
The monthly report released by the Automotive Marketing Information Council (AMIC) of November revealed that the Chinese car market recorded sales worth EGP 1.8bn, with 12,000 sold units from January until February 2016. Ghabbour Auto took over the market of Chinese cars, representing 96.8% of the market’s sales. The two brands Geely and Chery sold …
Increased car prices boost sales volume of Chinese cars
Sales of 12,000 Chinese cars; Ghabbour Auto acquires 96.8%
Automotive industry strategy heads into next phase
The strategy requires manufacturers to submit documents showing the data of cars and their selling prices to consumers
Al Nahar allocates EGP 40m for the development of 50% of its fleet beginning in 2017
We have contracted with Ghabbour to carry out necessary developments, says Abou Zeid
Ghabbour Auto inaugurates Margham centre in Alexandria with investments worth EGP 100m
GB Auto has inaugurated a new centre, called Margham, on an area of 25,000 sqm with investments worth EGP 100m in Alexandria. Raouf Ghabbour, chairperson and executive director of GB Auto, said that the centre’s buildings alone cost EGP 52,000, with a covered area of 3,000 sqm. He pointed out that nine new service centres …
GB Auto acquires 96% of Chinese-made car sales
Ghabbour Auto was able to acquire 96% of the Chinese car market in Egypt. Its two main brands, Chery and Geely, recorded sales of 5,777 units over the first seven months of 2016. The entire Chinese car market in Egypt achieved sales of 6,013 units over that same period, though the competition was limited between …
GB Auto benefits from declining auto market in augmenting its market share: Beltone
Beltone’s research added that the firm has succeeded in building banking relationships which help it to obtain its foreign currency exchange requirements to import cars collected abroad or automotive components
El-Nahar Tours contracts Ghabbour Auto to replace 50% of bus fleet
Ghabbour Auto will provide the buses within two months of the signing of the contract at a cost of EGP 31m
GB Auto aims to pump EGP 75m into after-sale services
Hyundai launches Elantra HD locally manufactured for the first time
Ghabbour Auto receives high-level delegation from Chinese brand Chery
Anticipated launch of six new models
Ghabbour Auto provides service centres for Chery cars
Ghabbour Auto acquired the rights to sell the Chinese car after reaching a cooperation agreement with Chery International Company and Aboul Fotouh Automotive, the former agent of the brand
Ghabbour Auto contributed $93m to the Egyptian economy in 2015
During the Suez Canal Global Conference, Ragheb stated that she expects Egypt to become a centre for the automobile industry in the Middle East, given its geographical location and free trade agreements
GB Auto to feature 2 new cars by year-end: Executive VP
Company will open two new centres, launch S3 centre in Alexandria
Cairo receives 290 natural gas-fuelled buses
Ukrainian company provides seven-year guarantee for spare parts and maintenance during warranty period, says El-Saeed
Dollar exchange rate forces increased automotive prices
Sector workers cannot keep up with increase in taxes and customs
EGP 960m capital increase for GB Auto to reach EGP 1.094bn
Shareholders, purchasers exercised right to participate in EGP 960m capital increase, which will be allocated to investing in tire manufacturing facility
Ghabbour launches Karry Minivan at EGP 67,000
Karry minivan is produced by the Chinese global brand Cherry, with Ghabbour Auto taking over from Modern Motors as its local Egypt agent six months ago.