Egypt

Egypt's autos industry remains in the doldrums, with demand for new vehicles remaining depressed by a combination of both economic and political strife. According to figures from Egypt's... 2012-01-27

Egypt's largest autos firm GB Auto has reported a 35% drop in net profit for Q211, as a result of the political tensions in the country curtailing consumer spending. However, CEO Raouf... 2011-08-11

Egypt's GB Auto says any regime change resulting from the political unrest in countries such as Libya and Syria could provide opportunities for foreign investors. BMI believes this... 2011-04-18

Egypt's largest vehicle assembler, GB Auto, has announced plans to establish a finance division, which it says will expand its source of revenue. However, BMI believes the strategy... 2011-04-04

BMI's core views for the autos sector are now based on a period of recovery for the industry, which means more forward-looking strategies as we move into 2011. Certain themes remain,... 2011-03-15

Egypt's largest car assembly firm, GB Auto, reported a 28% increase in net profit in 2010, despite a Q4 decline in the run up to the country's political protests. It is also optimistic... 2011-03-07

Egypt's Ministry of Finance is considering a plan by the country's Industrial Development Authority (IDA) to award incentives for local vehicle production. While the IDA sees the proposal... 2011-01-25

Chery Automobile has registered record sales in Egypt, in line with BMI's view that Chinese carmakers are targeting the growth potential of African markets. Chery has five models available... 2011-01-10

BMI's core views for the autos sector are now based on a period of recovery for the industry, which means more forward-looking strategies as we move into 2011. Certain themes remain,... 2010-12-15

Mitsubishi has signed a deal with local dealer Diamond Motors as it chases a market share of 5.8% in Egypt, where 17% sales growth is in the cards over the next five years.