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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
Prior to the Egypt Automotive summit that kicks off on Tuesday, Fiat Chrysler Automobiles-Egypt CEO Maciej Ratynski spoke to Daily News Egypt, saying that holding an annual summit to discuss automotive industry in Egypt will contribute to boosting the industry. He added that it will provide an opportunity for the leading manufacturers to meet …
FEI to request parliament to contribute to economy reform in collaboration with civil society organisations
Minimum percentage of local component pushed to 60% over the next eight years: Abdel Aziz
$3bn ready to be invested in automotive manufacturing in Egypt once the law is issued, says Ghabbour
Incorrect agents’ evaluations exacerbated the crisis, says El-Masria Chairman
Skoda Octavia heads the list of most sold European cars in Egypt at EGP 693m
Geely Emgrand 7 topped the list of most sold Chinese cars in Egypt after sales reached EGP 254m
Finishing the digging operations will decrease the vehicles’ sales to 800 units over 2016, says Nassar
Transportation division forms committee with Industrial Development Authority to place implementation mechanisms for the strategy
Poor performance and financial manipulation are most notable issues affecting EATC
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.
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.
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
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