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Latest in Automotive


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

Li Shufu

Chinese Geely acquires 9.69% of Daimler Holding’s shares

Chinese billionaire Li Shufu, owner of Zhejiang Geely Holding Group, said the group has become the largest shareholder in Daimler AG, the German owner of Mercedes-Benz, after it acquired 9.69% of its shares for an amount estimated to be $9bn, beating the shares of the Kuwaiti government in Daimler, which were estimated to be 6.8%. …

Daily News Egypt

Al-Mansour offers new Insignia for EGP 530,000

Al-Mansour Automotive, the largest agent of Opel in Africa and the Middle East, unveiled the new version of the 2008 Insignia Grand Sport with German technology and high quality specifications, and then showcased its most advanced features in a modern design. This comes within the vision of Al-Mansour Automotive Company, part of the Mansour Group, …

Daily News Egypt

Peugeot unveils new generation of 508

French automaker Peugeot has unveiled the new generation of its iconic sedan 508. The company revealed new features, showcasing a luxury and new vision in terms of the interiors’ design, as well as the exterior, ahead of officially unveiling the car to the public at the Geneva Motor Show to be held in Switzerland in …

Daily News Egypt

DS Automobiles enters Egyptian market

Ezz Elarab Automotive Group opened, on 31 January, the first DS Automobiles showroom in Egypt, marking a very special day in the local car market. The showroom included the official launch of DS and DS7 Crossback, the opening ceremony being the cars’ first reveal in Egypt. Philippe-Jean Lafond, vice chairperson of Groupe PSA (the parent …

Daily News Egypt

Hisham Khateeb wins Red Bull CPD Egypt 2018

Hisham Al Khateeb became Egypt’s participant in the Regional Car Park Drift, which takes place in Beirut in September, after winning first place in the Red Bull Car Park Drift Egypt 2018—held at Cairo Festival City’s car park in the Fifth Settlement. Congratulations to Al Khateeb for his first win at the eighth edition of …

Daily News Egypt

Shell Egypt renews exclusive supplier contract with Sukari

Continuing to emphasise its leadership in the Egyptian market as the largest supplier of industrial oils for the eleventh year in a row, Shell Egypt renewed its partnership for the second time with Sukari Gold Mining Company, after the partnership started in 2014, making Shell the exclusive supplier of oil to Sukari projects. The signing …

Daily News Egypt

New MG RX5 compact SUV now on sale in Middle East showrooms

The new MG RX5 compact SUV is now officially on sale across the Middle East, heralding the latest exciting chapter in the rejuvenation of the famous British brand. Customers can choose MG Motor’s new “hero SUV” from a collection of four well-equipped models, and two available powertrains, with prices starting at around $14,200 depending on …

Daily News Egypt

Lada dealership denies rumours of re-offering Niva

Walid Galal Eid, director of technical affairs at Al-Amal Co for Foreign Trade, the Egyptian agent of the Russian automaker Lada, denied the re-launch of the Niva model in Egypt. Over the past few days, rumours spread on social media showing Niva models at ports. These pages claimed that the cars parked at an Egyptian …

Daily News Egypt

For first time in Egypt, Chevrolet introduces all-new Equinox

Mansour Group recently launched the latest Chevrolet sports model, the Equinox, for the first time in Egypt. The new car is characterised by a design that balances the requirements of daily life and all the needs and tastes of drivers, coming in two categories, the LS and LT. Although this is the first launch for …

Daily News Egypt

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

Automotive industry strategy among most important issues to be resolved in 2018

The situation of anticipation among the workers in the automotive sector extended to parliament over the past year, pending the long-awaited issuance of the strategy for the automotive industry from the Ministry of Industry after the introduction of new amendments. The automotive industry strategy is one of the most important issues to be resolved in …

Ahmed Amer

FCA Egypt announces 2017 achievements, plans for 2018

Fiat Chrysler Automobiles (FCA) Egypt shed light on its most significant achievements and results during 2017, as well as its ambitious plans for 2018. The company made the announcements at its annual press conference, which is of special importance as it comes after encountering the most challenging year throughout the automotive history of the Egyptian …

Daily News Egypt

Car dealers to enter used vehicles market after applying VAT

The Ministry of Finance issued on Tuesday its decision no. 34 of 2018 which applies the value added tax (VAT) on the reselling of used cars in the local market, based on the difference in price between the resale and purchase price of used cars. Alaa Elsaba, chairperson of Elsaba Automotive Group—authorised distributor of a …

Daily News Egypt

Will Egypt join dawn of electric vehicles? 

A boom in electric vehicles (EVs) is spreading across the globe nowadays. The number of EVs on the world’s roads is increasing rapidly, with China, Europe, and the US at the forefront in terms of the increasing number of policy and business incentives. China already has 200m electric two-wheelers and 300,000 electric buses on its …

Daily News Egypt