AUTO

01 Dec 2016

Egypt’s auto industry tariff makes local producers lazy

A new law designed to develop the automotive components industry is making its way through Egypt’s parliament. It is an unwise thing that seems designed to benefit a tiny group of businessmen at the expense of consumers and the country as a whole.

The"...

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30 Nov 2016

Dec 13: Egypt Automotive Summit to discuss automotive industry strategy

Major automotive companies are set to participate in the third annual Egypt Automotive Summit scheduled to take place on 13 December. International companies are slated to participate in the summit to sign supply contracts with feeder industries"...

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29 Nov 2016

Third Egypt Automotive Summit to discuss automotive industry strategy on 13 December

Major automotive companies are set to participate in the third annual Egypt Automotive Summit scheduled to take place on 13 December. International companies are slated to participate in the summit to sign supply contracts with feeder industries companies.

This"...

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22 Nov 2016

Soaring car prices to continue throughout November

The future of automotive sales in Egypt is in flux. Sources from the automotive industry have said that price hikes will continue throughout November, exacerbated by the US dollar shortage and the recent flotation of the Egyptian pound, which"...

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20 Nov 2016

Mercedes considers increasing investments in Egypt: GAFI

Mercedes-Benz Global is considering increasing its investments in Egypt in the coming years, according to Thomas Zorn, CEO & president at Mercedes-Benz Egypt, during his meeting with head of the General Authority for Investment and Free Zones (GAFI) Mohamed Khodeir.

Khodeir met with a delegation"...

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17 Nov 2016

Inteva Products Recognizes Opening of Fifth New Global Location in 2016

Inteva Products, LLC, a leading global Tier One automotive supplier of engineered components and systems, commemorated the grand opening of its new manufacturing facility in Zhenjiang, China today. Inteva has been growing rapidly around the globe. This new site manufactures closure systems"...

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16 Nov 2016

Automotive Dealers Association warns dealers against halting sales

The Egyptian Automotive Dealers Association has launched an initiative that seeks to halt potential layoffs, preserve employee rights, and continue selling cars following the Central Bank of Egypt’s (CBE) decision to float the Egyptian pound."...

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