Latest in Automotive Highlight

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Latest in Automotive


Honda, Seat will not participate in Automech Formula 2017

A source in the marketing department of Al Futtaim, Japanese Honda’s agent in the local market, said that the company will not participate in the Automech Formula 2017. He also said that the company will not be launching new models this year and will only have its main models on sale, including the new Civic, …

Daily News Egypt

Automotive Dealers Association demands clarification about development, insurance fees

The Egyptian Automotive Dealers Association presented a memorandum to Minister of Finance Amr Al-Garhi demanding more clarification about the mechanism of collecting development fees on imported and locally-assembled cars and the tax treatment standards of car warranty. It came after the development fees on cars and auto components have increased significantly in the last period, …

Daily News Egypt

Parliament’s Industrial Committee completes auto strategy in November

During the third session of the parliament, the Industrial Committee aimed to draft some laws, especially in the auto strategy, in addition to a draft law that regulates the work of the Industrial Development Authority (IDA). According to the chairperson of the Industrial Committee Ahmed Samir, the auto strategy is expected to be completed in …

Daily News Egypt

CBE’s automobile committee resumes work soon

Hussein Mostafa, the executive director of the Egyptian Automobile Manufacturers Association (EAMA) and the chairperson of the automobile committee of the Central Bank of Egypt (CBE), said the committee has stopped over the past period in order to study the developments of the automobile market. This includes the increase in the price of automobiles, which …

Daily News Egypt

Puzzled Alfa Romeo 

The future of the Italian Alfa Romeo sparked controversy among employees and investors in the car market over the past two weeks amid reports that the Abou Ghali Group won the agency of the company. It caused a stir in the market, since the company has an office in Egypt of Fiat Chrysler Automobile (FCA). …

Mohamed Aboul-Fotouh

Statement from Fiat Chrysler Automobiles Egypt (FCA Egypt)

Regarding recent articles pertaining to the Alfa Romeo network in Egypt, FCA Egypt would like to emphasize that all discussions and procedures have been conducted with complete transparency and coordination between all parties and is in line with the company’s plans to expand the brand’s presence in the Egyptian market. The company is currently in …

Daily News Egypt

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

MTI ‘flirts’ with its customers in Porto Marina

MTI, the exclusive agent for Jaguar and Land Rover in Egypt, has organised a driving test for the company’s customers and media professionals over the last three days to try the company’s products for 2018, which will appear for the first time during this event. The company has organised the driving test on all its …

Mohamed Aboul-Fotouh

SAIC Motor ranks 41st on Fortune 500 list

SAIC Motor has ranked the highest on the list of the Fortune 500 magazine for the most important global companies. This is the 13th consecutive time the company makes the list. The company ranked 41st on the magazine’s list, with sales revenues of $113.86bn for fiscal year (FY) 2016. SAIC Motor is considered the largest …

Daily News Egypt

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

Geyushi Motors wins Chinese FAW Group agency

Geyushi Motors has signed a cooperation agreement with FAW Group, the largest company owned by the Chinese government, announcing Geyushi Motors as the exclusive agent of the Chinese brand in Egypt. The ceremony was attended by Mohy El-Din Geyushi, chairperson of Geyushi Motors; Wang Zitian, general manager of FAW Group; Song Iqwa, Chinese ambassador to …

Daily News Egypt

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