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Company reveals CLS model for first time in Egypt
A quiet state of calm prevailed over most car prices in March. The price moves were limited to a few models of Chevrolet, Hyundai, and Mitsubishi, ranging between a EGP 500 increase for the Verna to EGP 20,000 for the Lancer. Chevrolet, Renault, Ford, Toyota, Chery, Hyundai, and BMW had already moved their prices in …
The prices of cars have witnessed aggressive changes since the liberalisation of the exchange rate starting in November 2016. Daily News Egypt detected the changes to car prices in the Egyptian market from before the Central Bank of Egypt (CBE) made the decision to float the Egyptian pound last year up until November 2017. The …
“Go Bus” has signed an agreement with Mercedes Benz to buy 22 new buses in 2018 for a cost of EGP 125m. Saad Attia, the chairperson of the company, said that the agreement includes the maintenance of 100 buses of the company’s fleet in its workshops. He added that Go Bus has over 18 years …
A number of car companies decided to fix prices after offering discounts at the Automech Formula 2017. The automotive market witnessed a rise in the price of a number of models. With the recession plummeting market sales, customers are waiting for discount offers in the coming period, for new car buyers, after the used cars …
July ended, and August began, but the expectations of distributors and dealers in the auto market remained mere inc as no prices have gone down as predicted. Even worse, several companies raised their prices in late July and August by over 8% compared to the beginning of July. Among the companies that raised prices are …
Nissan, Chevrolet, and Toyota are the leading companies
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 …
Steady at maximum speed of 223km/h
The economic reform programme spreads confidence among international companies and increases the chances of them investing in Egypt, says Kabil
Indomie studies building a factory to export to Kenya, relying on Egyptian raw materials
This week has been full of contradictory talk around rumours that Mercedes-Benz Egypt is looking to exit the local market, what the dealership’s stance is on the matter, and whether it will choose to actually exit the market. Mercedes’ position is as it always has been. There have been assurances that Arab investors have already agreed …
German luxury carmaker Mercedes-Benz has said it’s planning to invest heavily in a new factory in Hungary. The plant will create thousands of new jobs and produce a variety of models in the auto maker’s product palette.
Mercedes have decided not to appeal a British Grand Prix penalty for Nico Rosberg. The sanction leaves the German driver just one point clear of team mate and fierce rival Lewis Hamilton in the championship standings.
Lewis Hamilton will start from the front of the grid in his home Grand Prix on Sunday after he held off the challenge of Mercedes colleague Nico Rosberg with a spectacular final qualifying lap at Silverstone.
The German auto maker – known for its Mercedes luxury cars – has acquired the Dutch car-leasing specialist because of its strong market position, allowing Daimler to improve its fleet management services.
Mercedes driver Lewis Hamilton is back in the title race with victory on the circuit in Montreal. The defending champ profited from a better race strategy than second-placed Sebastian Vettel.
The popular German automaker said it sold 170,625 vehicles in May, more than it moved one month ago. With the rise, Mercedes has kept up a momentum that has been building since the beginning of the year.
Sebastian Vettel leapt off the line into the lead, while the Mercedes faltered at Melbourne’s Australian Grand Prix. But Nico Rosberg and Lewis Hamilton recovered to finish first and second, followed by Vettel’s Ferrari.
A senior official at the ERC told Daily News Egypt that the EGPC will contribute by 24% in the project’s paid-up capital; $1.134bn from shareholders and $2.6bn from banks.
German auto giant Daimler has made legal threats against an environmental group after it tested diesel cars. The results appeared to show that Mercedes and BMW models are also cheating on emissions tests.
“I think women are not only very good drivers, but very good at parking as well.”
For Mercedes it was a day to forget, as both Lewis Hamilton and Nico Rosberg were involved in collisions. That opened the door for Sebastian Vettel to record his first season victory and first career win in Hungary.