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Parliament’s Industry Committee ends discussions on the automotive strategy next week

Deputy head of the parliament’s Industry Committee, Mohamed El-Zeiny, said that the committee received memorandums of automobile manufacturers that have attended previous discussions with members of parliament (MPs) presenting their suggestions about the draft law of the automotive development strategy. He added that the committee held another meeting last week with some of the industry …

Abdel Razek Al-Shuwekhi

 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

Decline in automotive spare parts sales 

Sales of spare parts for cars fell by about 50% over the past two months, after the government’s decision to liberalise the exchange rate in November. Desouky El-Sayed, head of the Spare Parts Division at the Cairo Chamber of Commerce, said that the flotation of the Egyptian pound negatively affected importers and dealers of spare …

Imad Hamdi

Automotive market starts 2017 with price increases across 131 models

The new year for the automotive industry has begun with price increases across 131 models from every famous brand in the automotive market. This rise in prices came amid new estimates set by car companies on the cost of imported cars and their components in US dollars after the Central Bank of Egypt’s (CBE) decision …

Ahmed Amer

Egypt’s feeding industries to implement automotive industry strategy when approved: experts

The feeding industries are the most important pillar in large industries, such as the automotive industry, according to vice chairperson of the Chamber of Engineering Industries Abdel Moneim El-Kady. He believes that the automotive industry strategy, which is currently being studied by the parliament, will improve the feeding industries. The strategy approves the increase of …

Hisham Salah

3rd Egypt Automotive Summit to discuss automotive industry strategy on Tuesday

Several ministers, ambassadors, and heads of foreign and local companies will come together on Tuesday for the third Egypt Automotive Summit with the goal of signing supply contracts with the feeder industries. This year, Business News is hosting the third summit through five sessions that discuss market issues during 2016, under the patronage and participation …

Daily News Egypt

cars

Egyptian Automotive Dealers Association halts imports for November

The Egyptian Automotive Dealers Association held a meeting for leading car importers in which the association announced it would halt the import of cars during November in support of Egypt’s economy. The association met recently, prior to the Central Bank of Egypt’s (CBE) decision to liberate the exchange rate of the Egyptian pound against the …

Ahmed Dawoud

Passenger cars achieve EGP 18bn in sales in first 7 months of 2016

The automotive market struggled to move 84,400 passenger car units during the first seven months of 2016, with a total value of EGP 18bn. Korean brands maintained the top spots of the sales market, with the brands achieving sales of 28,300 units worth EGP 5.04bn between January and July, despite the 17.3% decline in sales …

Ahmed Amer

The Mercedes story

This week has been full of contradictory talk around rumours that Mercedes-Benz Egypt is looking to exit the local market, what the dealership’s stance is on the matter, and whether it will choose to actually exit the market. Mercedes’ position is as it always has been. There have been assurances that Arab investors have already agreed …

Mohamed Aboul-Fotouh

Passenger cars achieve EGP 14.8bn sales in H1 2016

The automotive market struggled to sell 70,800 units of passenger cars during the first half (H1) of 2016, with a total value of EGP 14.8bn. Korean brands maintained the top spots of the sales market, with the brands achieving sales of 23,100 units worth EGP 4.1bn between January and June, despite the decline of sales …

Daily News Egypt

cars

EAFA presents automotive factory’s establishment project to presidency

The Egyptian Auto Feeders Association (EAFA) presented a project to the presidency which would see the establishment of a factory for the manufacture of export-ready Egyptian cars, chairperson of the association Ali Tawfik said. This comes after the cabinet and the Ministry of Industry expressed an interest in the project. The project aims to establish …

Ahmed Amer

Volkswagen is global leader in car sales

Diesel emissions scandal? Lawsuits, fines, turmoil at headquarters? Whatever. VW Group sold more cars and light trucks than any other carmaker in the first half of 2016, ahead of close rivals Toyota and General Motors.

Deutsche Welle