Latest in Automotive Highlight
Latest in Automotive
Overall car sales in first five months of 2015 increase compared to last year
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.
Chevrolet, Hyundai and Toyota remain the market leaders in May 2015
Company will open two new centres, launch S3 centre in Alexandria
$100m total company investments in Egypt: Mardrus
Last month, Mohamed Zaky Automotive celebrated the inauguration of the latest services centre for SEAT cars in Kattameya, with an EGP 12m investment.
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.
Strategy will be re-discussed in cooperation with the Egyptian Council for Cars, says El-Tobgy
Some of the 10 specifications concern headlights, tyres, door locks, and speed metres, amongst other items.
New tyre saves 12% of fuel consumption, will be offered to trucks from August: Ahmed Yehia
Instructions were issued to Ministry of Military Production to deliver 2,000 vehicles on daily instalment of EGP 100
No truth to reports of selling the agency, we are increasing the number of the company’s agencies, says chairman
Strategy presented to Minister of Finance to study sector’s tax system
The market recorded sales of about 14,800 passenger cars in April, compared to 15,200 in April 2014, with a reduction of 2%, while buses sales increased to reach 2,700 buses compared to 2,500 buses, with an increase of 9%.
AAST will design the car, while production will take place in the AOI
German companies present the issue to Al-Sisi during his visit to Germany
German companies filed a lawsuit against the authority in objection to the application of indicative prices.
Toyota sales during the first quarter of 2015 reached 7,300 vehicles
Egypt in third place in feeding industries in Middle East and Africa
No one can deny market is divided, council is chance to reunite, says El-Tobgy
Market indicators illustrate some companies sell certain cars below fair prices, experts say
“We provided our stations with the special machines for distributing fuel by smart cards,” says PR Manager
Delivery time for Renault Stepway is seven months
“Our decision depends on the country’s vision for the automotive industry,” says Sivagnanam
The businessman emphasised his complete respect for the judicial decisions against him, but added that he had appealed the decision to dismiss him from his position.
Sector workers cannot keep up with increase in taxes and customs
Applying the 10 standards on imported cars is still vague, says representative
Egyptian market consumes 5m tyres per year, says regional General Manager
630 employees and their families are threatened
Company’s car assembly in the local market is not achieving further economic benefits