Latest in Tag: GB auto Highlight

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Latest in Tag: GB auto


Geely Emgrand 7

GB Auto tops Chinese car sales with 97.3% of the market

GB Auto topped the list of bestselling Chinese cars in the Egyptian market with 97.3% of the total Chinese-manufactured auto market. The competition over the market share was between Geely and Chery. The two brands, Geely and Chery, made sales of 4,875 units over the first half (H1) of 2016, out of a total of …

Daily News Egypt

Chery takes first steps with GB Auto by raising its prices

Geely decided to raise the price of Emgrand by EGP 9,000, and Pandino and Pandino X by EGP 3,000 each. Chery, and its agent in Egypt GB Auto, raised the price of Envy by EGP 7,000 and Tiggo by EGP 9,000. Brilliance and MG kept their prices unchanged from May through June. A previous tour …

Daily News Egypt

GB Auto investments suspended due to dollar shortage: Ghabbour  

GB Auto’s new investments are suspended due to the dollar shortage, CEO of GB Auto Raouf Ghabbour said Tuesday at the Egypt Automotive summit. He told Daily News Egypt they have been communicating with Indian Bajaj Auto, the technical partner for the group in the motorcycle factory, regarding the local component ratio. Those plans however …

Hossam Mounir

GB Auto launches four-part plan to face dollar shortage

By Mohamed Ahmed GB Auto has announced a four-part plan to deal with the foreign currency shortage and its impact on fair competition with imported vehicles. The plan’s first element concerns flexibility in pricing of products to maintain margins of profit as long as possible, as well as taking precautions against any unexpected developments or …

Daily News Egypt

Egypt’s GB Auto warns against proposed ban on ‘Tuk-Tuk’ imports

Reuters- Egypt’s proposed ban on the import of motorbikes and three-wheelers, or ‘tuk-tuks’, would have an “adverse impact” on GB Auto, the country’s largest car assembler, the company said on Thursday. Two- and three-wheelers contributed around 13% of GB Auto’s revenues in the first nine months of 2013, according to company data. GB Auto is …

Daily News Egypt

GB Auto to cut exposure to Egypt market

By Reuters CAIRO: Egypt’s GB Auto, the top passenger car importer and distributor in the Middle East and North Africa, will reduce reliance on its Egyptian operations and its exposure to a potential currency crisis, the company’s chief executive said. A year of political and economic turmoil since a popular uprising in Egypt sent inward investment …

DNE

GB Auto says Q4 net rises 8 pct

By Yasmine Saleh and Tom Pfeiffer / Reuters CAIRO: Egyptian vehicle distributor GB Auto reported an 8 percent rise in its fourth-quarter net income on Monday as soaring sales of its two and three-wheeled motorcycles offset a car market weakened by the recent political turmoil. The company said in a statement posted on its website that …

DNE

GB Auto says Q3 net climbs 25 pct year-on-year

CAIRO: Egypt’s GB Auto said on Sunday its third-quarter net income rose 25 percent year-on-year to LE 89.0 million ($14.9 million), but said the return to growth may be temporary because of a volatile automobile market. The firm, Egypt’s biggest listed automobile assembler, said net income was LE 71.4 million in the same quarter of …

DNE

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