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AXA launches “Auto GO” supplemental insurance policy for cars

AXA Insurance Company launched a supplemental insurance policy for cars called “Auto GO”. Gilbert Chahine, deputy CEO of AXA Egypt, said that his company started selling the new supplemental insurance policy this week. AXA had previously offered supplemental insurance policies for transportation companies, but the new Auto GO policy is allocated for individuals. Chahine told …

Fahd Omran

Ford Motor

Ford offers 2 grants worth $15,000 for environmental projects

Ford Motor Company handed over two financial grants worth $15,000 to support two environmental projects in Egypt: the environmental education project in Giza and the project working with the fishermen of South Sinai to preserve coral reefs. The non-governmental organisation Toraseyat had submitted its project within the environmental education category, with a focus on air …

Daily News Egypt

Nissan’s New Sunny topped the list through sales of about EGP 987m in the period between the beginning of the year and the end of August, registering 7,898 cars sold. The New Sunny is considered the most popular Japanese car in Egypt.

Top 10 best selling cars in Egypt in January and February

Daily News Egypt is publishing the list of 10 bestselling cars in January and February, amid price hikes across the market, which caused sales to drop. The Nissan Sunny was the top selling car during the two months, replacing the Hyundai Verna, which topped the list in the first nine months of 2016. The Nissan …

Daily News Egypt

ElMasria Auto

ElMasria Auto denies chairperson fled after raid

ElMasria Auto Company issued a statement in response to a report published by the media and newspapers about raids on the company’s branches and the fleeing of its chairperson after security forces broke into his house. The company emphasised that what has been published on some media channels about the raid by the tax evasion …

Daily News Egypt

FAMCO

FAMCO acquires Iveco Trucks in Egypt

Al-Futtaim Auto and Machinery Company (FAMCO) has acquired Iveco, the leading Italian brand in the field of manufacturing heavy trucks in Egypt. Al-Futtaim works in six countries in the region, with more than 30 brands. FAMCO provides several major sectors with a group of products, including buses, trucks, construction equipment, storage, energy generators, industrial equipment, …

Ahmed Amer

Page 44

EGP 10,000 discount on Nissan Sentra

Nissan adjusted its models’ prices and reduced the price of the New Sunny by EGP 5,000, so the starting price is now EGP 188,000 for the class A. Nissan also applied discounts to the price of the Nissan Sentra by EGP 10,000, to register EGP 255,000 for the class A, while the price of the …

Ahmed Dawoud

Page 42

Kia cuts prices of all models except Carens and Carnival

A state of volatility in the prices of Kia models began at the end of March. The company offered a discount of up to EGP 50,000 at the beginning of the month, before raising the prices again at the end of it. Yet, in April, the carmaker decreased the prices of all its models, except …

Ahmed Dawoud

Page 43

Ford keeps its prices unchanged

Ford decided to keep its prices unchanged, maintaining the same rates of February and March throughout April, with a slight increase in the price of the Ecosport, which saw an increase of EGP 4,000 to reach EGP 358,000. Ford had raised its prices three months ago. The price of the Fusion was raised by EGP …

Ahmed Dawoud

Page 4

Hyundai prices go up again, other carmakers offer discounts

Hyundai decided to raise its prices again, following a period of discounts that lasted throughout last month and the first week of April. The carmaker suffered a sales drop in February, marking only 159 units compared to 3,439 units sold in February 2016. Car dealerships and distributors have started offering discounts as their sales have …

Ahmed Dawoud

Page 41

Aveo prices start at EGP 173,600, Lanos at EGP 150,200

Chevrolet decided to lower its prices, where the carmaker decreased the price of the Aveo by EGP 10,000, to settle between EGP 173,600 and EGP 182,700. As for the Optra, the prices were lowered by EGP 13,000, to begin at EGP 209,000. The price tag on the Lanos was lowered by EGP 5,000, to start …

Ahmed Dawoud

Page 46

Emgrand 7 price declines to EGP 158,000

Geely reduced the price of its Emgrand 7 by about EGP 22,000, registering at EGP 158,000. The Chinese brand had increased the price of its first class Emgrand 7 model by EGP 8,000 to reach EGP 180,000 last month.

Ahmed Dawoud

Mohamed abou el fotouh

Opinion: car manufacturing strategy and personal interests

Over the past few weeks, the future of the Egyptian car manufacturing strategy, or in other words the “car law,” has returned to be amongst the hot topics after the crisis that occurred to this project during Angela Merkel’s visit. She announced her dissatisfaction of the project, which was accompanied by a letter from the …

Mohamed Aboul-Fotouh