Latest in Tag: Automotive Highlight

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Latest in Tag: Automotive


Auto market awaits launch of 4th Egypt Automotive

As the fourth annual summit of the Egypt Automotive Conference approaches next December, a number of auto industry figures have set high hopes for the upcoming summit amid a sharp drop in sales. The experts demanded that all the challenges faced by the sector be exposed to a sharp drop in sales volume, stop pumping …

Ahmed Amer

Puzzled Alfa Romeo 

The future of the Italian Alfa Romeo sparked controversy among employees and investors in the car market over the past two weeks amid reports that the Abou Ghali Group won the agency of the company. It caused a stir in the market, since the company has an office in Egypt of Fiat Chrysler Automobile (FCA). …

Mohamed Aboul-Fotouh

Automotive companies offer no price cuts in Ramadan

For the first time in years, car companies have not offered price cuts on their products during the holy month of Ramadan. Most car models’ prices remained unchanged, except Nissan, Hyundai, Chery, and Ford. Auto companies expect that the sector’s sales will fall due to the Central Bank of Egypt’s (CBE) decision to raise the …

Ahmed Amer

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

Partnership allows parties to impose internal taxes without distinction between country of origin: Bayoumi

Secretary general of the Egyptian European Association at the Ministry of Investment and International Cooperation Gamal Bayoumi said that the European side did not express any official objections on the government intending to pass the automotive development law, commonly known as the Automotive Development Strategy Directives, until now. Bayoumi told Daily News Egypt that the …

Ahmed Amer

cars

Parliament’s Industry Committee ends discussions on the automotive strategy next week

Deputy head of the parliament’s Industry Committee, Mohamed El-Zeiny, said that the committee received memorandums of automobile manufacturers that have attended previous discussions with members of parliament (MPs) presenting their suggestions about the draft law of the automotive development strategy. He added that the committee held another meeting last week with some of the industry …

Abdel Razek Al-Shuwekhi

 When does the scam come to light?

Talking about announcing the new automotive strategy has become like a scam. We have been talking for three years about the government’s strategy for the auto industry; many meetings and seminars were held to discuss its features. Despite the non-existence of an auto industry law in any country, the strategy later turned out to be …

Mohamed Aboul-Fotouh

Decline in automotive spare parts sales 

Sales of spare parts for cars fell by about 50% over the past two months, after the government’s decision to liberalise the exchange rate in November. Desouky El-Sayed, head of the Spare Parts Division at the Cairo Chamber of Commerce, said that the flotation of the Egyptian pound negatively affected importers and dealers of spare …

Imad Hamdi