Egypt aims to increase percentage of local component to 60% in auto industry

Sun, 20 Dec 2020 - 04:21 GMT

Egypt has a clear strategy to localize the auto industry in Egypt, and the current stage is witnessing an increase in the percentage of the local component in the auto industry to 45 percent.

EIM throws a celebration Honoring Renault customer

Mon, 04 Mar 2019 - 09:42 GMT

It was a festive week for Renault as EIM, the Sole importer for Renault, wins “Best Practice Digital” and “Best Sales Performance” in the Middle East Region

Euro perched at three-day high on trade talk hopes

Thu, 26 Jul 2018 - 09:19 GMT

U.S. President Donald Trump said they had agreed to “work together toward zero tariffs, zero non-tariff barriers, and zero subsidies on non-auto industrial goods.”

U.S. tariffs could raise auto prices by $83 billion: trade group

Thu, 19 Jul 2018 - 09:00 GMT

The European Union, Japan, Canada, Mexico, along with many automotive trade groups, Volkswagen, and the United Auto Workers union are among those scheduled to testify at the hearing.

PSA first-quarter sales jump 42 percent on Opel-Vauxhall acquisition

Tue, 24 Apr 2018 - 07:55 GMT

French automaker PSA Group posted a 42 percent increase in first-quarter revenue, lifted by its acquisition of Opel-Vauxhall.

China plans pilot scheme easing foreign auto firms' ownership limits

Thu, 09 Nov 2017 - 09:58 GMT

China will start a pilot scheme to relax foreign firms' ownership restrictions for new energy and special use vehicles businesses established in free trade zones.

US car sales continued to slow in June

Tue, 04 Jul 2017 - 09:43 GMT

US car sales continued to ebb in June, marking the sixth straight monthly decline

US car sales still strong, shifting to used vehicles

Thu, 29 Jun 2017 - 08:35 GMT

While new car sales have slipped from 2016, robust demand for used vehicles means US car dealerships will still see strong sales this year,

Electric vehicles inefficient way to reduce CO2 emissions: study

Fri, 23 Jun 2017 - 03:33 GMT

Subsidizing the purchase of electric cars in Canada is an inefficient way to reduce greenhouse gas emissions that is not cost effective,

Tesla eyes manufacturing in China

Fri, 23 Jun 2017 - 02:59 GMT

Tesla said Thursday it was considering the possibility of manufacturing in China as it ramps up for expansion of its line of electric-powered cars.