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Peterhansel wins Dakar Rally

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CBE’s automobile committee resumes work soon

Hussein Mostafa, the executive director of the Egyptian Automobile Manufacturers Association (EAMA) and the chairperson of the automobile committee of the Central Bank of Egypt (CBE), said the committee has stopped over the past period in order to study the developments of the automobile market. This includes the increase in the price of automobiles, which …

Daily News Egypt

Demand for e-cars and hybrids stagnates

Demand for alternative fuel vehicles in Europe remains stagnant. In the second quarter of 2016, new registrations only went up by 0.6 percent across the EU. That’s about 148,000 new e-cars spread across 28 member states.

Deutsche Welle

US car market boom faltering

The US automobile sector is struggling to maintain sales momentum, with most major car manufacturers reporting that they sold fewer vehicles in August, as reduced discounting kept customers from showrooms.

Deutsche Welle

Peterhansel wins Dakar Rally

For the twelfth time, French driver Stéphane Peterhansel has won the world’s most gruelling cross-country road race. His final margin of victory was more than half an hour.

Deutsche Welle

Egyptian-Indonesian deal for new automobile frame factory

By Asmaa Nabil A coalition of the Indonesian company Multistrada and the Transport and Engineering Company, a subsidiary of the Chemical Industries Holding Company (CIHC), are studying a plan to build an automobile frame factory financed by Misr Financial Investments. The factory will produce three million automobile frames per year. Amr Nashaat, the official spokesman …

Daily News Egypt

Banque Misr diversifies automobile loans

By Ayat El-Battawy Banque Misr has pledged to increase its credit portfolio for automobile loans by EGP 300 million by the end of the current fiscal year. The bank’s automobile loans portfolio will reach EGP 600m after the increase. An official with the bank said that automobile loans reached EGP 300 million at the end …

Daily News Egypt

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