By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
DailynewsegyptDailynewsegypt
  • Home
  • Business
    BusinessShow More
    Research centres define optimal investment portfolio amid high inflation
    Research centres define optimal investment portfolio amid high inflation
    March 26, 2023
    Valuation dispute halts SODIC’s acquisition of Orascom for Real Estate
    Valuation dispute halts SODIC’s acquisition of Orascom for Real Estate
    March 26, 2023
    Abu Dhabi Islamic Bank - Egypt achieves net profit of EGP 2.190bn in 2022
    Abu Dhabi Islamic Bank – Egypt achieves net profit of EGP 2.190bn in 2022
    March 26, 2023
    JICA organizes hybrid event titled ‘Promoting Social and Continuous Learning in Egypt and Japan’
    JICA organizes hybrid event titled ‘Promoting Social and Continuous Learning in Egypt and Japan’
    March 26, 2023
    Financial position of banks in Egyptian market increases to EGP 11.399trn in 2022: CBE 
    Financial position of banks in Egyptian market increases to EGP 11.399trn in 2022: CBE 
    March 26, 2023
  • Politics
    PoliticsShow More
    Health Minister opens 1st production line of ‘Hepatitis B and Pentavalent’ vaccines in Egypt
    Health Minister opens 1st production line of ‘Hepatitis B and Pentavalent’ vaccines in Egypt
    March 26, 2023
    Al-Sisi follows up on Justice Ministry's efforts to accelerate trial procedures at courts
    Al-Sisi follows up on Justice Ministry’s efforts to accelerate trial procedures at courts
    March 26, 2023
    Egypt participates in Earth Hour initiative 
    Egypt participates in Earth Hour initiative 
    March 26, 2023
    Egypt's Health Minister discuss bilateral cooperation with an Italian delegation 
    Egypt’s Health Minister discuss bilateral cooperation with an Italian delegation 
    March 23, 2023
    Egypt’s foreign minister phones Algerian counterpart over boosting ties
    Egypt’s foreign minister phones Algerian counterpart over boosting ties
    March 22, 2023
  • Interviews
    InterviewsShow More
    Government should help Egyptian arts revive its pioneering role: Omar Abdel Aziz
    Government should help Egyptian arts revive its pioneering role: Omar Abdel Aziz
    March 15, 2023
    Interconnected healthcare systems in Africa require political will from North African leaders: Amref official
    Interconnected healthcare systems in Africa require political will from North African leaders: Amref official
    March 12, 2023
    EGX ready for government’s IPOs programme: Chairperson
    EGX ready for government’s IPOs programme: Chairperson
    February 15, 2023
    British International Investment invests $4.5bn in 700 businesses across Africa: Sherine Shohdy
    February 15, 2023
    Valeo has invested around €0.5bn in Egypt over the past 10 years: CEO
    Valeo has invested around €0.5bn in Egypt over the past 10 years: CEO
    December 27, 2022
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Reading: Nissan to maintain its 24-hour daily shift: chairperson
Share
Notification
Latest News
Meet Yehia Abouseif: Artist and designer hailing from Cairo and now based in New York
Meet Yehia Abouseif: Artist & designer hailing from Cairo and now based in New York
Culture
Research centres define optimal investment portfolio amid high inflation
Research centres define optimal investment portfolio amid high inflation
Business
Valuation dispute halts SODIC’s acquisition of Orascom for Real Estate
Valuation dispute halts SODIC’s acquisition of Orascom for Real Estate
Business
Abu Dhabi Islamic Bank - Egypt achieves net profit of EGP 2.190bn in 2022
Abu Dhabi Islamic Bank – Egypt achieves net profit of EGP 2.190bn in 2022
Business
JICA organizes hybrid event titled ‘Promoting Social and Continuous Learning in Egypt and Japan’
JICA organizes hybrid event titled ‘Promoting Social and Continuous Learning in Egypt and Japan’
Business
Aa
Aa
DailynewsegyptDailynewsegypt
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 DNE News. All Rights Reserved.
Dailynewsegypt > Blog > Business > Automotive > Nissan to maintain its 24-hour daily shift: chairperson
AutomotiveBusiness

Nissan to maintain its 24-hour daily shift: chairperson

Sara Aggour
Last updated: 2016/03/19 at 4:58 PM
By Sara Aggour 3 Min Read
Share
SHARE

Nissan is still maintaining its regular operations in Egypt with a 24-hour production day despite the current dollar shortage facing the Egyptian market, Chairperson and Managing Director of Nissan Motor Egypt and Regional Africa North (RAF-N) Isao Sekiguchi told Daily News Egypt.

He added that the company will continue those production levels, and also has plans to expand, highlighting that the company is looking into the market on a long-term basis.

The dollar shortage prompted several industrial and airline companies to announce their concern over the current economic situation. Automotive company General Motors recently announced that it temporarily suspended its factory due to the dollar crisis.

“Nissan is here to stay,” Sekiguchi said. “We will do so [pump money into the market] at the right time. The company has a detailed plan and we are just waiting for the moment to execute it.”

Over the past year, 26,000 Nissan cars were produced in Egypt and almost 90% of the company’s sales came from locally-assembled cars, namely Nissan Sunny, Nissan Sentra, and the company’s pick-up truck.

The company’s chairperson explained that the government’s attention to the automotive industry is necessary for the industry to grow.

He added that a clearer image on how the government will position the automotive industry as a strategic industry is essential for its growth, pointing out that this industry can contribute to the economic development of the country.

Nissan recalled around 930,000 of its cars from the international market. This is the third time the company has made recalls since 2014.

“Recalling cars is a totally normal process,” the company executive said. “We are focusing on our customer’s safety and that is why the company is doing some recalls to make some adjustments to some spare parts.”

The company’s official confirmed that some of these cars were recalled from the Egyptian market, but refused to disclose the exact number of cars recalled.

“Minimal amounts were recalled from Egypt,” he added.

Nissan introduced five new models in the last three years. Sekiguchi said introducing a new model will depend on the demand, adding that currently the company has no plans to introduce new models in 2016.

However, Sekiguchi added: “There are models in the pipeline in the upcoming years.”

 

You Might Also Like

Research centres define optimal investment portfolio amid high inflation

Valuation dispute halts SODIC’s acquisition of Orascom for Real Estate

Abu Dhabi Islamic Bank – Egypt achieves net profit of EGP 2.190bn in 2022

JICA organizes hybrid event titled ‘Promoting Social and Continuous Learning in Egypt and Japan’

Financial position of banks in Egyptian market increases to EGP 11.399trn in 2022: CBE 

TAGGED: Automotive, nissan
Share this Article
Facebook Twitter Email Print
Previous Article Prices of food items ‘increased’, minister promises control
Next Article Istanbul attack: ‘We’ve all walked down this street’
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Ad image

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Latest News

Meet Yehia Abouseif: Artist and designer hailing from Cairo and now based in New York
Meet Yehia Abouseif: Artist & designer hailing from Cairo and now based in New York
Culture
Research centres define optimal investment portfolio amid high inflation
Research centres define optimal investment portfolio amid high inflation
Business
Valuation dispute halts SODIC’s acquisition of Orascom for Real Estate
Valuation dispute halts SODIC’s acquisition of Orascom for Real Estate
Business
Abu Dhabi Islamic Bank - Egypt achieves net profit of EGP 2.190bn in 2022
Abu Dhabi Islamic Bank – Egypt achieves net profit of EGP 2.190bn in 2022
Business
//
Egypt’s only independent daily newspaper in English. Discuss the country’s latest with the paper’s reporters, editors, and other readers.

Quick Link

  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

© 2023 DNE News. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?