Auto Industry

Egypt to establish car manufacturing complex in East Port Said
Egypt

Egypt to establish car manufacturing complex in East Port Said

Egyptian Prime Minister Mostafa Madbouly on Tuesday witnessed the signing ceremony of a memorandum of understanding on the localization of…
Rise in car prices in Egypt due to market monopoly: expert
Egypt

Rise in car prices in Egypt due to market monopoly: expert

The rise in car prices in Egypt is happening in a strange and incomprehensible manner due to the monopoly in…
Egypt signs agreement for Polish industrial zone in Ain Sukhna
Business

Egypt signs agreement for Polish industrial zone in Ain Sukhna

Egyptian Minister of Trade and Industry Nevine Gamea on Tuesday oversaw the signing of a framework agreement between the Suez…
Egypt is Germany’s third-largest trade partner in the Middle East with trade exchange worth $3.6 bn
Business

Egypt is Germany’s third-largest trade partner in the Middle East with trade exchange worth $3.6 bn

Trade between Egypt and Germany increased by $43 million during the first nine months of 2019 to US$3.622 billion, compared…
Trump meets with German auto executives
Business

Trump meets with German auto executives

  Donald Trump met Tuesday with executives of Germany’s three top auto manufacturers, amid efforts by Washington and Brussels to…
Nano cars are not on sale in Egypt: Consumer Protection Agency
Egypt

Nano cars are not on sale in Egypt: Consumer Protection Agency

The president of the Consumer Protection Agency has dismissed rumors on social media that a company operating in Egypt is…
German state of Bavaria to sue VW over emissions scandal
Business

German state of Bavaria to sue VW over emissions scandal

The German state of Bavaria said on Tuesday it would sue Volkswagen for damages caused by its emissions-test cheating scandal,…
Daimler hires Deloitte for internal emissions probe
Business

Daimler hires Deloitte for internal emissions probe

Daimler (DAIGn.DE) has hired auditor Deloitte Touche Tohmatsu to help with an internal investigation into its diesel-engine emissions technology requested…
Mitsubishi Motors has cash to weather mileage scandal, but brand battered, again
Business

Mitsubishi Motors has cash to weather mileage scandal, but brand battered, again

Mitsubishi Motors' (MMC) (7211.T) market value and Japanese orders have halved since it admitted last week to rigging fuel economy…
Taking on Tesla: China’s Jia Yueting aims to outmuscle Musk
Business

Taking on Tesla: China’s Jia Yueting aims to outmuscle Musk

Tomorrow's cars will be all-electric, self-driving, connected to high-speed communications networks ... and free.And probably Chinese.That, at least, is the…
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