Pakistan arrests Islamic State Khorasan media chief    Government clarifies Al Mana aviation fuel project at Sokhna based on usufruct, not land sale    Lebanese Army Commander Rudolf Heikal holds critical security talks in Paris    Egypt partners with global firms to localise medical imaging technology    The Long Goodbye: Your Definitive Guide to the Festive Season in Egypt (Dec 19 – Jan 7)    Al-Sisi affirms support for Sudan's sovereignty and calls for accountability over conflict crimes    EGX closes in red zone on 18 Dec.    Egypt flags red lines, urges Sudan unity, civilian protection    "Property Egypt" platform launched to drive foreign currency inflows    Helwan Castings to manufacture unique strategic products for Middle East markets    Egypt, Jordan renew electricity exchange agreement for 2026    Oil prices rise on Thursday    Egypt's Al-Sisi offers to host talks to support DRC peace process in call with Tshisekedi    Egypt's Abdelatty proposes hospital project, infrastructure support in Gambia    Egypt explores opportunities to expand sustainable environmental investment in natural reserves    Central Bank of Egypt, Medical Emergencies, Genetic and Rare Diseases Fund renew deal for 3 years    Egypt's SPNEX Satellite successfully enters orbit    Egypt unveils restored colossal statues of King Amenhotep III at Luxor mortuary temple    Egyptian Golf Federation appoints Stuart Clayton as technical director    4th Egyptian Women Summit kicks off with focus on STEM, AI    Egypt's PM reviews major healthcare expansion plan with Nile Medical City    UNESCO adds Egyptian Koshari to intangible cultural heritage list    UNESCO adds Egypt's national dish Koshary to intangible cultural heritage list    Egypt calls for inclusive Nile Basin dialogue, warns against 'hostile rhetoric'    Egypt recovers two ancient artefacts from Belgium    Egypt, Saudi nuclear authorities sign MoU to boost cooperation on nuclear safety    Giza master plan targets major hotel expansion to match Grand Egyptian Museum launch    Australia returns 17 rare ancient Egyptian artefacts    China invites Egypt to join African duty-free export scheme    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Egypt launches Red Sea Open to boost tourism, international profile    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



General Motors Egypt Says to Invest EGP150 Million within 2014
Hesham Ibrahim Published in Amwal Al Ghad on 08 - 03 - 2014

General Motors Egypt said on Saturday it plans to pump investments amounting to EGP 150 million within this year.
The 2014 new investments are designed to improve the capacity of GM Egypt's production lines as well as to upgrade its machines.
In the same vein, Tarek Atta – Managing Director of GM Egypt and North Africa – said his company enjoys a 24.4% share in Egypt's car market, with production totalling 48853 vehicles approximately in 2013, 3.7% up from 2012 figures.
Atta also noted that GM Egypt's total retail sales increased 4% during 2013 to around 56330 vehicles, compared to the Group's 2012 figures.
This came during a press conference held on Saturday by GM Egypt to unveil its latest 2014 Optra Chevrolet car which will be released within the upcoming Cairo International Motor Show - Automech Formula Exhibition which is set to be from March 13-18th.

Clic here to read the story from its source.