Industry Developments

A Chinese carmaker has reached an agreement to assemble cars in Iraq with the state-owned General Company for Cars Manufacturing (GCCM), which should see it established in time to meet... 2011-08-08

Figures released by the Association des Concessionaires Automobiles d'Algerie (ACAA) show that a total of 131,498 new cars were sold in Algeria over the first half of 2011 (excluding... 2011-08-02

Belgian machine tool supplier Haas Automation Europe (HAE) has opened its first North African sales and service facility, in Morocco, encouraged by the investment of major companies... 2011-07-28

Qatar National Bank (QNB) is running a series of special offers and financing deals on car purchases, which will address both new rules on car loans in the country, as well as the traditional... 2011-07-27

While new rules on bank lending for car purchases in the UAE has hit new vehicle sales, according to dealers, the clampdown has generated growth in the car rental segment. Companies... 2011-07-25

BMI's view that there are growing opportunities for alternative fuel vehicle manufacturers in the Gulf Co-operation Council (GCC) has been further supported by a project to develop... 2011-07-21

Used cars dominate demand in Angola owing to the low affordability levels in the country. The new vehicle market is small and led by purchases by the government and the country's wealthy... 2011-07-20

Car and motorcycle ownership in Ghana has grown 81% since 2006, according to the African Development Bank, which says continuing economic growth and rising middle classes will be key... 2011-07-19

German premium carmaker Audi is reaping the benefits of expansion in the Middle East, where it reported growth of 18.4% year-on-year (y-o-y) in H111. The company achieved sales of 3,725... 2011-07-18

After rolling out its global strategy to 2016, Japanese carmaker Nissan Motor has emphasised the importance of Africa, where it expects a growing middle class to create opportunities... 2011-07-14