automotive industry

Car prices expected to rise up to 20% by end of 2022
Egypt

Car prices expected to rise up to 20% by end of 2022

Emerging economies including Egypt were affected by the Federal Reserve‚Äôs decision to raise interest rates last week by 0.5 percent,…
Egypt strikes deal with Chinese company to produce electric cars
Economy

Egypt strikes deal with Chinese company to produce electric cars

Egypt’s Minister of the Public Business Sector Hisham Tawfiq on Thursday witnessed the signing via video conference of a memorandum…
Automotive companies turn to social media for marketing
Business

Automotive companies turn to social media for marketing

Dealers in the automotive sector believe that social media has become a marketing platform for cars in a way that…
Industry Minister discusses economic deals with Hungarian ambassador to Cairo
Business

Industry Minister discusses economic deals with Hungarian ambassador to Cairo

Minister of Trade and Industry Amr Nassar met with the Ambassador of Hungary in Cairo Peter Kivik, during which they…
Kia Sorento inaugurates first Egypt assembly line
Business

Kia Sorento inaugurates first Egypt assembly line

  On Sunday, Egypt’s Minister of Trade and Industry Amr Nassar spoke at the inauguration ceremony of Kia Sorento’s first…
Young Egyptian successfully designs sports car emulating Ferrari, Lamborghini
Egypt

Young Egyptian successfully designs sports car emulating Ferrari, Lamborghini

With a dream that surfaced five years ago of constructing a sports car designed 100% in Egypt, and after passing…
US automaker shifts from ‘bigger is better’ to ‘less global, more profitable’
Business

US automaker shifts from ‘bigger is better’ to ‘less global, more profitable’

The US automaker General Motors Co’s decision to sell its European operations signals that the company can win by being…
Chinese automaker BYD forecasts up to 84 percent profit rise for 2016
Business

Chinese automaker BYD forecasts up to 84 percent profit rise for 2016

Chinese automaker BYD Co Ltd (1211.HK) (002594.SZ), backed by Warren Buffett's Berkshire Hathaway Inc (BRKa.N), on Sunday said 2016 full-year…
Toyota to launch plug-in, hybrid cars in China in 2018
Business

Toyota to launch plug-in, hybrid cars in China in 2018

Toyota Motor Corp plans to sell heavily electrified, so-called plug-in hybrid cars in China starting in 2018, its head of…
Proton plans new production line in Egypt: ambassador
Business

Proton plans new production line in Egypt: ambassador

Proton Holdings Berhad, a giant Malaysian automobile manufacturer, will dispatch a team of specialists to Cairo in early April to…
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