Nigeria’s Autochek has announced Wednesday the acquisition of a majority stake in Egypt’s AutoTager.
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Automotives
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Egypt NewsIndustry & TradeMENA NewsNewsTech/AI
BMW names Global Auto as new agent in Egypt
by Yomna Yasserby Yomna YasserGerman carmaker BMW has named Global Auto Group as its new importer and agent in Egypt.
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The total volume of automotives sales dropped by around 25 percent in 2016 to 200,000 autos compared …
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Industry & Trade
Nissan: floating Egyptian pound decision to raise auto manufacturing cost
by Noha Gadby Noha GadThe movement of Egypt’s government to liberalise exchange rate system would cause financial losses for original automotive …
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Industry & Trade
SCZone eyes building automotive zone in Suez Canal economic zone
by Noha Gadby Noha GadEgypt’s General Authority for Suez Canal Economic Zone- SCZone targets establishing trade zone in Suez Canal region …
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The total number of sold automotives in the Egyptian market is expected to rise by 18 percent …
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Industry & Trade
Local autos prices to jump 50% amid floating Egyptian pound: official
by Noha Gadby Noha GadThe prices of local and imported automotives would be increased by 50 percent and 15 percent respectively …
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Egypt is seeking to increase its production of automotives to produce million cars by 2025, the country’s …
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Industry & Trade
Volkswagen to replace CEO amid emissions scandal: Tagesspiegel
by aya salahby aya salahVolkswagen is to oust Chief Executive Martin Winterkorn after U.S. authorities late last week accused the German …
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Industry & Trade
Volkswagen sets aside $7.3 billion over emissions scandal
by aya salahby aya salahThe crisis enveloping Volkswagen AG, the world’s top-selling carmaker, escalated Tuesday as the company issued a profit …