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Latest in Tag: nissan

Whitfield becomes Nissan Egypt’s man

His main task was to convert the company into a new independent company controlling all Nissan operations in the Nordic and  Baltic countries for three years from 2005 to 2008. In 2008, Whitfield took the position of managing director of Nissan South Africa, and remained in office for more than 11 years until May 2019.

Mohamed Al-Roubi

Nissan files complaint against ex-boss Carlos Ghosn for 'misuse of funds'

The Japanese automaker has accused the once-praised former executive of misusing a “significant amount of the company’s funds.” Nissan’s criminal complaint followed fresh charges against Ghosn from Tokyo prosecutors.Japanese automaker Nissan on Friday said it filed its own criminal complaint against its former chairman Carlos Ghosn for the "misuse of a significant amount of the …

Deutsche Welle

Nissan ex-chairman Carlos Ghosn's detention extended

Carmaker Nissan’s ex-chair Carlos Ghosn, arrested last month for breach of trust, is to be kept in pre-trial detention over Christmas and New Year. Ghosn was credited with making Nissan Motors a viable global competitor.A court in Tokyo on Sunday extended the detention of Nissan's ex-chairman Carlos Ghosn for another 10 days. The Tokyo District …

Deutsche Welle

Ex-Nissan boss Carlos Ghosn faces new charges of aggravated breach of trust

Japanese prosecutors have reportedly added new charges against Carlos Ghosn. The move comes after a court rejected a request to extend the former Nissan chairman’s detention over allegations he underreported his income.Japan prosecutors have again arrested former Nissan executive Carlos Ghosn over new allegations of aggravated breach of trust, according to local media. The Kyodo …

Deutsche Welle

Nissan shares tumble after chairman's arrest

Nissan’s stock prices plummeted as the automaker prepares to oust arrested chairman Carlos Ghosn. The Brazil-born executive was detained on accusations of financial misconduct.Shares of Nissan Motor Co. dipped 4.3 percent on Tuesday, a day after its high-flying chairman Carlos Ghosn was arrested on suspicion of falsifying financial reports and other misconduct. Ghosn, 64, was …

Deutsche Welle

Nissan launches first low-cost electric car in China

Nissan’s Sylphy Zero Emission electric car has started rolling off the production line at a Guangzhou plant in China. It’s the first domestically-produced low-cost electric car made specifically for the Chinese market.The start of production Monday by Nissan’s joint venture with Dongfeng Motor Group, Dongfeng Nissan Passenger Vehicle, came as the two partners had reached …

Deutsche Welle

Car companies struggle to stabilise prices after fuel price changes

The car market has received the decision to increase fuel prices with a stabilisation of the delivery prices of the current month, ignoring the projections on social media of the upcoming period and a possible increase in prices. Some of the companies that have kept their prices fixed are Mercedes-Benz, Opel, Chevrolet, BMW, Toyota, Renault, …

Ahmed Amer

8 car brands lead price rises in April

The local automotive market witnessed a change in most car prices in April. The price moves included a number of models such as from Opel, Hyundai, Chevrolet, Mercedes-Benz and Ford. The price increases ranged between EGP 1,000, such as Chevrolet Aveo and EGP 40,000, like Mercedes C180. In March, the agents of Chevrolet, Hyundai, and …

Ahmed Amer

Limited changes in car prices during March

A quiet state of calm prevailed over most car prices in March. The price moves were limited to a few models of Chevrolet, Hyundai, and Mitsubishi, ranging between a EGP 500 increase for the Verna to EGP 20,000 for the Lancer. Chevrolet, Renault, Ford, Toyota, Chery, Hyundai, and BMW had already moved their prices in …

Ahmed Amer

Historic leaps in car prices one year after flotation

The prices of cars have witnessed aggressive changes since the liberalisation of the exchange rate starting in November 2016. Daily News Egypt detected the changes to car prices in the Egyptian market from before the Central Bank of Egypt (CBE) made the decision to float the Egyptian pound last year up until November 2017. The …

Ahmed Amer

Automotive companies fix prices after Automech Formula 2017 concludes

A number of car companies decided to fix prices after offering discounts at the Automech Formula 2017. The automotive market witnessed a rise in the price of a number of models. With the recession plummeting market sales, customers are waiting for discount offers in the coming period, for new car buyers, after the used cars …

Ahmed Amer

Car prices continue climbing in August

July ended, and August began, but the expectations of distributors and dealers in the auto market remained mere inc as no prices have gone down as predicted. Even worse, several companies raised their prices in late July and August by over 8% compared to the beginning of July. Among the companies that raised prices are …

Ahmed Amer

Car prices unchanged in July except Hyundai, Nissan, Chery

Car companies maintained their prices in July, except Hyundai, Nissan, and Chery. The increases of the three companies ranged between 1,500 and 11,000. For the first time in years, car companies have not offered price cuts on their products during the holy month of Ramadan. Auto companies expect that the sector’s sales will fall as …

Ahmed Amer

Record EGP 9.4bn of personal vehicles sold in Egypt in 4 months

The auto market recorded EGP 9.4bn in sales in the first four months of 2017, selling more than 26,000 units, a 42% decrease compared to the 44,900 units sold in the same period last year. Japanese brands topped total car sales at a total of roughly 11,800 cars from January until the end of April …

Ahmed Amer