Latest in Tag: Automotive Highlight
Latest in Tag: Automotive
FEI to request parliament to contribute to economy reform in collaboration with civil society organisations
A German auto parts supplier is being investigated for its role in Volkswagen’s emissions cheating scandal. Bosch provided the disgraced auto maker with engine components and software for its diesel vehicles. Federal prosecutors in the US are examining whether Bosch, a major engineering and automotive company, colluded with Volkswagen to deceive regulators during diesel emissions …
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
No one can deny market is divided, council is chance to reunite, says El-Tobgy
Market indicators illustrate some companies sell certain cars below fair prices, experts say
“We provided our stations with the special machines for distributing fuel by smart cards,” says PR Manager
Sector workers cannot keep up with increase in taxes and customs
630 employees and their families are threatened
Shareholders, purchasers exercised right to participate in EGP 960m capital increase, which will be allocated to investing in tire manufacturing facility