Latest in Tag: auto industry Highlight

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Latest in Tag: auto industry

Auto industry pushes back against tougher EU emissions targets

European carmakers have openly questioned the EU’s 2021 car emissions goals, rejecting tougher reduction targets planned for 2030. They claim the bloc’s climate targets and its push toward more e-cars will cost jobs.The European Automobile Manufacturers’ Association (ACEA) admitted on Tuesday that Europe’s car industry would find it hard to meet the EU’s 2021 target …

Deutsche Welle

 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 …

Mohamed Aboul-Fotouh

GB Auto to cut exposure to Egypt market

By Reuters CAIRO: Egypt’s GB Auto, the top passenger car importer and distributor in the Middle East and North Africa, will reduce reliance on its Egyptian operations and its exposure to a potential currency crisis, the company’s chief executive said. A year of political and economic turmoil since a popular uprising in Egypt sent inward investment …


GB Auto says Q4 net rises 8 pct

By Yasmine Saleh and Tom Pfeiffer / Reuters CAIRO: Egyptian vehicle distributor GB Auto reported an 8 percent rise in its fourth-quarter net income on Monday as soaring sales of its two and three-wheeled motorcycles offset a car market weakened by the recent political turmoil. The company said in a statement posted on its website that …


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