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Abdellatif Waked, Uber Egypt’s general manager, said that Uber has been operating worldwide for over seven years in 700 cities around the globe. He noted that the service it provides is complementary and does not seek to compete with the public transportation system. He expressed his contentment with the company’s business in Egypt, saying that …
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 …
This year’s summit began with a moment of silence for the victim’s of Sunday’s Coptic church attack
The Industrial Development Authority will overview the implement of the automotive strategy, says committee deputy
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 …
International companies will sign supply contracts with feeding industries during the summit’s latest round on 13 December
International companies to sign supply contracts with feeding industries during the summit’s latest round
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 …
Owners of Mercedes can enter authorised service centres at any time, says CEO
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 …
We urged the government to adopt an automotive project in cooperation with international companies, says chairperson of EAFA
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 …
Journalist claims Mercedes-Benz plans to exit local market; company response ensures commitment to Egypt
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 …
AMIC chairperson demands that the government issue the executive regulations of the VAT law to prevent unreasonable price rises A
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 …
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.
The agreement between Egypt and the EU triggered a gradual customs reduction on European cars in 2009, which will continue until 2019, at which time European cars will be completely exempt from custom fees.
Hyundai is racing with Chevrolet to lead the market; Nissan comes in third
24% decrease in private cars sales, 27% in buses, and 29% in trucks
29.6% retreat in imported cars sales, and locally assembled cars sales decrease by 20%
The law aims to enhance the automotive industry and provide the needed elements to help the industry advance
Car sales in Europe’s power house have increased again in recent months, the German Association of the Automotive Industry has reported. And despite VW’s pollution scandal, diesel cars are in high demand.
Problems include the decline of the company’s market share as well as the worsening dispute between MEATCO and Naggar over stocks since 2012
The delegation expressed interest in cooperating in fields such as transportation, the construction materials industry and the electric elevator sector.
The company has plans to expand in Egypt but is waiting for the “right moment”
The Egyptian automotive market can be described in three terms: “suffered, suffering and will suffer”. All the associated parties in the automotive market, including manufacturers, agents and dealers, are familiar with this situation. Those words reflect the internal state of fear, anxiety and confusion that hovers on the horizon. Nobody knows what awaits tomorrow. None …
Current legislation does not attract large manufactures, says Mostafa
A source with a German automotive manufacturer claims the company has remained subject to tariffs that were set to be reduced at the start of 2016
Establishment of five commercial offices in Africa to increase Egyptian exports, says Kabil
AMIC revised projections it published in early December, when it anticipated that the market would close on sales of EGP 29.99bn during 2015, by selling 196,500 units, down by 6% from last year, when the market closed at EGP30bn last year.
The 20-year usufruct system hinders idea of establishing New Car City, says businessman