AUTO

13 Feb 2019

Yamaha Motor Records Rise in Net Sales for 2018

(AETOS Wire)-- Yamaha Motor Co., Ltd. (TOKYO:7272)(ISIN:JP3942800008) announced today that for the fiscal year ending December 31, 2018, consolidated net sales of 1,673.1 billion yen were up 0.2% from the previous year. The company saw a decrease"...

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11 Feb 2019

Egyptian, German companies negotiate new automotive, modern technology deals

German companies are negotiating new deals with Egyptian partners in automotive and modern technology sectors, the German ambassador to Egypt, Julius Georg Luy, told Daily News Egypt, adding that both sides discussed the latest German delegation’s visit to Egypt which took place on"...

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06 Feb 2019

Chairperson of Kayan: Volkswagen will not enter negotiations to revive El Nasr Cars

Karim El Naggar, the chairperson of Kayan, which is the agent of Seat and Skoda, and the chairperson of the Egyptian Automotive Trading company, the agent of Volkswagen and Audi, said that German Volkswagen will not enter into negotiations to revive El Nasr Cars.

He"...

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06 Feb 2019

Introducing Yamaha’s Factory and Supported Teams and Riders for 2019

(AETOS Wire)-- Yamaha Motor Co., Ltd. (TOKYO:7272) (ISIN:JP3942800008) is actively engaged in racing efforts all over the world under its three main principles of raising the value of the Yamaha brand, acquiring advanced technologies, and promoting"...

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05 Feb 2019

Egyptian Investment Group aims to end car trade monopoly

The Egyptian Investment Group announced it would establish a company for car trading in order to counter the monopoly and high prices, as well as to build on the success of the “Khaleha Tesady” (Let it Rust) campaign launched by social media users to boycott buying cars.

"...

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05 Feb 2019

Japanese automotive companies, Egypt discuss new investment incentives

Japanese automotive companies discuss with Egypt’s government new investment incentives to keep enlarging their factories in the Egyptian market, following the application of free tariffs on European car exports to Egypt starting from January 2019, Japanese ambassador, Masaki Noke"...

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01 Feb 2019

Powered by Velodyne, HoloMatic Unveils New Autonomous Valet Parking Solution

(AETOS Wire)-- Velodyne Lidar, Inc. supplies industry-leading lidar sensors for a new autonomous driving technology from HoloMatic that frees travelers from the burden of time-consuming searches for parking spots. The HoloMatic system, called HoloParking, is China’s first smart valet parking solution that operates 24/7 and in all weather conditions. Unlike parking assistance systems, HoloParking does not require the vehicle to be driven next to a parking spot. Rather, it allows a driver to leave a vehicle at the entrance of the parking lot. Using HoloParking, the vehicle then finds a parking spot and completes the parking maneuver on its......

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30 Jan 2019

Individual imports of European cars, solution to crisis or unnecessary experiment?

Unlike what was expected in early 2019, the recession took over the Egyptian market creating a state of conflict between consumers, traders, and brand agents. This led to a major campaign against agents by consumers called ‘Let it Rust’ in order to object to the prices of cars"...

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27 Jan 2019

Uber expands its services in Egyptian market

The international ride-sharing company Uber will be expanding its services in the Egyptian market, Chief Executive Officer of Uber Dara Khosrowshahi stated, Ahram Online reported.

Khosrowshahi"...

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23 Jan 2019

We aim to see a 35% decline in car prices by June”: campaign’s founder

The founder of “Let It Rust – Duty Free” campaign, Ahmed Abdel Moez, was interviewed by Daily News Egypt. He said the campaign’s Facebook page has 400,000 followers until now. The move aims to control car prices and reduce financial burdens on customerss who are"...

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