Latest in Tag: Toyota Highlight

Latest in Tag: Toyota


Toyota launches hybrid cars booking in Egypt

Toyota Egypt announced the official pre-launch bookings for hybrid cars in Egypt, to be delivered in four months, where the company operates the special orders system based on the customers’ needs. Daily News Egypt learned that Corolla Hybrid was the first hybrid vehicle from Toyota in Egypt introduced at the end of last year, relying …

Daily News Egypt

Toyota Launches 12th Generation Corolla in Egyptian Market

Toyota revealed the 2020 Corolla model during a big celebration, throughout which the details of the new generation was announced. Ahmed Monsef, CEO of Toyota Egypt, said his company aimed to get next year’s Diamond award through the new generation of the new Corolla sales, pointing out that the model has broken sales around the …

Mohamed Al-Roubi

Toyota, Uber join forces to push autonomous driving

Japanese carmaker Toyota has said it’s pumping a half-billion dollars into US ride-hailing company Uber to develop self-driving vehicles. The investment will help both sides compete with market leader Google’s Waymo.The news about Toyota’s $500 million (€427 million) investment in Uber came after the US rail-hiding service saw its efforts to go it alone derailed …

Deutsche Welle

Toyota launches all-new Century after 21-year absence

Toyota announced the launch of its completely redesigned third generation Century in Japan and the start of sales at Toyota dealers nationwide, with a monthly sales target for Japan of only 50 units, and it will be assembled at Higashi-Fuji Plant in eastern Japan. The outline reflects the Japanese aesthetic of passive symmetry while employing …

Mohamed Al-Roubi

Toyota invests record sum in ride-hailing firm Grab

Toyota has announced it is pumping $1 billion into Grab, the leading ride-share company in Southeast Asia. Initially cautious about ridesharing, Japan’s top automaker is now aggressively playing catch-up.Toyota said on Wednesday it was investing $1 billion (€850 million) in Asian ride-sharing company Grab, with the Japanese carmaker looking to expand beyond its core business …

Deutsche Welle

6 car dealers change their prices in February

Six car dealers—Chevrolet, Ford, Toyota, Chery, Hyundai, and BMW—changed their prices of February 2018 car deliveries. Prices rose by EGP 2,000 for cars like the Hyundai Verna and by about EGP 90,000 for cars such as the BMW X1. The majority of car companies welcomed 2018 by fixing their prices, with the exception of minor …

Ahmed Amer

Toyota-Egypt signs distribution agreement with Lexus

Toyota-Egypt signed an agreement with Lexus, the luxury vehicle division of Japanese car maker Toyota, to be the official distributor of Lexus cars in the Egyptian market starting from the beginning of 2018, after Egypt was named among the best car markets in the region. “There is tense competition in the Egyptian car market, but …

Daily News Egypt

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

Automotive companies offer no price cuts in Ramadan

For the first time in years, car companies have not offered price cuts on their products during the holy month of Ramadan. Most car models’ prices remained unchanged, except Nissan, Hyundai, Chery, and Ford. Auto companies expect that the sector’s sales will fall due to the Central Bank of Egypt’s (CBE) decision to raise the …

Ahmed Amer

Strong yen slows down Toyota profit drive

The world’s second largest carmaker reported its first drop in annual net profit in five years, warning that the decline could be followed by another profit slump this year due to higher costs and a further rising yen.Toyota posted a net profit of 1.83 trillion yen ($16 billion, 14.7 billion euros) in its last fiscal …

Deutsche Welle

SCZone negotiates with Toyota TTC-NYK- Bolloré group to establish platform for large  vehicles

The General Authority for the Suez Canal Economic Zone (SCZone) has revealed that it began negotiations with the Singaporean ports authority in order to establish a platform for container ships. Negotiations are also ongoing with Toyota TTC-NYK-BollorĂ© group to establish a platform for large vehicles. According to the press release by the SCZone authority, it …

Daily News Egypt

VW dethrones Toyota as world’s best-selling carmaker

German carmaker Volkswagen (VW) has nudged Toyota from the top spot in global vehicles sales, after the Japanese auto giant has reported weak 2016 results, causing it to lose the crown for the first time in five years.Toyota announced on Monday that it had sold 10.175 million vehicles worldwide last year, which was a rise …

Deutsche Welle

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

Trump issues stern warning to Toyota

Donald Trump has threatened to impose hefty fees on Toyota, should the Japanese carmaker go ahead with its plan to build Corolla vehicles for the US market at a plant in Mexico. It’s not his first attack on automakers.US President-elect Donald Trump on Thursday targeted Japanese carmaker Toyota, threatening to impose hefty import tariffs, if …

Deutsche Welle