Tag: automotivehome

  • Mercedes-Benz Egypt selects local assembly partner

    Mercedes-Benz Egypt selects local assembly partner

    Mercedes-Benz Egypt has selected the Egyptian German Automotive Co. (EGA) as its manufacturing partner for local assembly of cars. “The planned assembly process will further satisfy the local market demand, where Mercedes-Benz Egypt will focus on assembling SUVs,” the German auto manufacturer said in a statement on Tuesday. The assembly line is forecast roll out […]

  • Ford, Swvl pen partnership deal

    Ford, Swvl pen partnership deal

    Ford and Egyptian bus booking service startup Swvl announced signing a partnership agreement. Under the deal, Ford Transit minibus will be the preferred vehicle of choice on Swvl’s routes, the two companies revealed at a press conference. Previously, Swvl partnered with Nasser Social Bank and EFG Hermes to provide operators willing to use Ford Transit bus […]

  • Egypt, Nissan cooperate in establishing new automobiles factory

    Egypt, Nissan cooperate in establishing new automobiles factory

    Minister of Public Business Sector Hesham Tawfik announced that his ministry signed a memorandum of understanding with Japan’s Nissan Motor Company to establish a new factory to manufacture and export automobiles in Ameriya district of Alexandria. According to the minister, the ministry asked the Japanese company to use Nasr auto-assembling factory and turn it into […]

  • Continental names Karel Kucera as new MD for Mideast, Africa operations

    Continental names Karel Kucera as new MD for Mideast, Africa operations

    German auto parts and tyremaker Continental on Sunday announced that it has appointed Karel Kucera as the company’s new managing director (MD) for the Middle East and Africa operations, effective from 1 March. Kucera replaced Jose-Luis De La Fuente, who will take on the role of MD at Continental Mexico, the Hanover-based group said in a statement. “Karel […]

  • Alinma Tokio Marine renews SAR 51m deal with Aljomaih Group

    Alinma Tokio Marine renews SAR 51m deal with Aljomaih Group

    Saudi Arabia-based Alinma Tokio Marine Co on Sunday announced renewing a SAR 51 million insurance agreement with Aljomaih Group for a year. Under the deal, Alinma Tokio Marine will provide various insurance solutions and services for Aljomaih, starting from 1 March, according to a statement to the Saudi Stock Exchange (Tadawul). The Tadawul-listed company expected that the contract will impact […]

  • Emirati, Saudi firms ink agreement for AED 50m military plant

    Emirati, Saudi firms ink agreement for AED 50m military plant

     Al Asbar Auto Industries has signed an agreement with Saudi Arabia’s Majal Alpha Holding to build an AED 50 million factory for military equipment. The new plant is expected to achieve over AED 200 million in annual sales in the third year of production, according to Emirates News Agency (WAM). Al Asbar’s chairman Mahmoud Mohammad […]

  • El-Saba Automotive’s potential IPO depends on market stability – Chairman

    El-Saba Automotive’s potential IPO depends on market stability – Chairman

    El-Saba Automotive has signed agreements with a group of accountancy firms and auditors to evaluate the company’s assets before the listing on the Egyptian Exchange (EGX). The launch of an initial public offering (IPO) is still under consideration due to the instability in the Egyptian automotive market, El-Saba’s chairman Alaa El-Saba told Mubasher on Tuesday. […]

  • Arabiat to open SsangYong’s maintenance center at LE75m

    Arabiat to open SsangYong’s maintenance center at LE75m

    Arabiat S.A.E, presenting the South Korean-based SsangYong, is set to open after-sale & maintenance center and two outlets for selling automotive spare parts at investments worth EGP75mln in Cairo during the second half of this year. ” The company plans to expand its after-sale & maintenance network centers in order to meet the up to […]

  • Pirelli opens P Zero World retail store in Dubai

    Pirelli opens P Zero World retail store in Dubai

    Pirelli has opened a P Zero World flagship retail store in the emirate of Dubai, the first in the Middle East and fourth worldwide. Customers will find Pirelli’s exclusive products alongside services dedicated to the exotic worlds of luxury and sports cars, the Italian tiremaker said.The local distributor Al Hawai Tyre Company will operate the […]

  • GB Auto to raise prices of imported cars

    GB Auto to raise prices of imported cars

    Ghabbour Auto on Monday revealed it has completed studying the recent hike in the customs dollar exchange rate and that it is on track to raise the prices of imported vehicles. The Egyptian automotive firm is considering a 1% or 2% increase in prices of the fully manufactured imports, according to a statement to the […]