Prime Minister Mostafa Madbouly chaired the Supreme Council for Vehicle Manufacturing’s inaugural meeting yesterday, highlighting the automotive industry’s importance in supporting the Egyptian economy
Passenger car sales dropped by close to 40% year-on-year (YoY), with bus and truck sales also falling by a third
A statement from GB Capital’s parent company, Ghabbour Auto, explained that the transaction is still pending GB Auto’s board approval
When looking at sales over the 10-month period of 2022, passenger car sales fell by 29% to reach 123.1k vehicles
The initiative, which aims to “facilitate the import of cars for personal use for Egyptians residing abroad,” started on November 15 and will end on March 14 2023
