Latest in Automotive Highlight
Latest in Automotive
First Italian scooter in Egypt brings sporty feel to daily commute
Shift to digital payments boosts car sales
Alaa El-Sabaa, a member of the Automotive Division of the Federation of Egyptian Chambers of Commerce and Chairperson of El-Saba Automotive, said each bank will have a different lending rate, as each bank determines it according to its obligations to customers in terms of certificates, loans, and so on.
Auto dealers ask CBE to exempt them from decision to disburse car loans
Labib stressed the need to provide the infrastructure for electric vehicles before starting its production in Egypt.
Coronavirus effects on auto market will be clearly seen in 2H20
Egypt has capacity to produce all parts of vehicles except engine and gearbox: EAMA
Lexus Design Award 2020 to finance finalist innovation solutions with $162,000
Sales to increase by 15% in the coming period: El Saba
By giving several incentives that incentivises car manufacture -most notably the abolition of customs expenses on components and parts imported from abroad- local investors can continue to compete with imported cars, he added.
The model’s success in competitions was then immediate: three consecutive “Challenge Europeo Marche,” tens of national championships and hundreds of individual races in every part of the world.
The 3 Series is not just a regular passenger car and also not a means of transportation, as it engraved its name in the motor history generation after generation, with its strong performance and sleek design.
Management decides to continue operations until mid-2020
In terms of imported cars, fiat rose by two places to sixth place in 2019, after being able to account for 5.9% of sales in this category, a growth of 48% compared to 2018.
Saad said there is a need to encourage small and large factories alike in order to promote a synergy that could cover the state’s target production volume, calling for grants and manufacturing incentives for companies and investors.
Negotiations to begin for electric scooter production in 2021
Licencing and setting up charging stations needed before manufacturing
Chevrolet, Hyundai, and Nissan account for 50% of car sales in country
2021 models most affected by Coronavirus, no increase in car prices in Egypt
Company to introduce new models of Scala, Kamiq in 2Q, 4Q2020, respectively
In terms of imported cars, FCA rose by two places to sixth place in 2019, after being able to account for 5.9% of sales in this category, a growth of 48% compared to 2018.
The all new B-Class comes in two different variants as B180 and B180 progressive. While both versions are generously equipped, the B180 progressive further offers electrically adjustable driver seat with memory function, Panoramic sliding sunroof, and the widescreen display.
New centre to offer engine oil quick-change for first time
Group to launch three to four new products in 2020, including the MG5 that launched at December end
Toyota at top with 10.24% market share, total 8.7m cars
As for taxis and public transportations, electric cars will be the ideal choice for them, as they travel long distances daily. In addition, this would save operating and maintenance expense that affect the price of the tariff.
Saad ruled out the presence of any obstacles that might hinder the entry of Chinese industrial products shipped from customs outlets, as medical checks and health security measures are carried out on agricultural products that are likely to be carriers of the virus.
Withdrawing controls of various cars, anticipation dominates consumers’ behaviour
Auto Store Green Plaza opens to serve new, used cars simultaneously
GB Auto’s subsidiary, Drive, plans to increase its market share in factoring