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Latest in Automotive

Test drive of all-new Volvo XC60

The Volvo XC60 is a mid-size multi-purpose sporty car, made entirely in Sweden, and was officially presented to the public at the 2017 Geneva International Motor Show. The XC60 is the younger sister of the XC90, combining beauty and strength like its sibling. The all-new XC60 was released on the Egyptian market almost a month …

Daily News Egypt

Industry Ministry increases local component ratio in car assembling to 46%

Minister of Trade and Industry Tarek Kabil issued a decision to regulate the system of determining the ratio of local components in the car industry and its feeding industries. The decision stipulated that local components in car manufacturing must not be less than 46%. The contributions of the assembling line in the local manufacturing of …

Ahmed Amer

FIA hands Ferrari €50,000 fine for F1 accident in Bahrain

The Fédération Internationale de l’Automobile (FIA) fined Ferrari €50,000 after the recent Formula One race in Bahrain where a Ferrari driver, Kimi Raikkonen, was released from his pit box too soon, knocking over a mechanic on the left-rear of the car. A clip of the accident circulated widely on social media. The mechanic, Francesco Cigarini, …

Daily News Egypt

Abdel Rahman Sultan appointed CEO of Fiat Chrysler Automobiles-Egypt

Fiat Chrysler Automobiles (FCA) appointed Abdel Rahman Sultan as CEO at its office in Egypt, succeeding Francesco Monaco, who was recently selected to head the FCA’s office in Morocco. Sultan has 19 years of experience in the local automotive industry, where he held various positions at international car companies. Most recently, he held the position …

Daily News Egypt

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

Egypt issues decision to import used electric cars

Minister of Trade and Industry Tarek Kabil issued a decree to allow the importation of used vehicles that work by electric motor (electric cars), except motorcycles, on condition of no more than three years from the year of production to the date of shipment or ownership. The minister explained in a press statement on Saturday …

Daily News Egypt

DNE reviews major models at 88th Geneva Motor Show

The 88th Geneva International Motor Show, which took place at Palexpo convention centre from March 8 to 18, featured 900 cars by 180 exhibitors from different countries, in the presence of 110 European and world officials. The event received about 700,000 visitors. Daily News Egypt will review the most important vehicles exhibited at the event. …

Mohamed Al-Roubi

Smart Village hosts 6th annual Cairo Classic Car Meet

The Smart Village, in Sixth of October city, hosted on Friday Vintage Wheels Egypt’s sixth annual Cairo Classic Car Meet. The one-day event hosted about 200 vehicles and motorcycles that were manufactured between early 1924 and 1988. Mahmoud Ezz El-Din, one of the event’s organisers, said the number of cars and motorcycles participating in the …

Daily News Egypt

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