Mexico's inflation exceeds expectations in 1st half of April    Egypt's gold prices slightly down on Wednesday    Tesla to incur $350m in layoff expenses in Q2    GAFI empowers entrepreneurs, startups in collaboration with African Development Bank    Egyptian exporters advocate for two-year tax exemption    Egyptian Prime Minister follows up on efforts to increase strategic reserves of essential commodities    Italy hits Amazon with a €10m fine over anti-competitive practices    Environment Ministry, Haretna Foundation sign protocol for sustainable development    After 200 days of war, our resolve stands unyielding, akin to might of mountains: Abu Ubaida    World Bank pauses $150m funding for Tanzanian tourism project    China's '40 coal cutback falls short, threatens climate    Swiss freeze on Russian assets dwindles to $6.36b in '23    Amir Karara reflects on 'Beit Al-Rifai' success, aspires for future collaborations    Ministers of Health, Education launch 'Partnership for Healthy Cities' initiative in schools    Egyptian President and Spanish PM discuss Middle East tensions, bilateral relations in phone call    Amstone Egypt unveils groundbreaking "Hydra B5" Patrol Boat, bolstering domestic defence production    Climate change risks 70% of global workforce – ILO    Health Ministry, EADP establish cooperation protocol for African initiatives    Prime Minister Madbouly reviews cooperation with South Sudan    Ramses II statue head returns to Egypt after repatriation from Switzerland    Egypt retains top spot in CFA's MENA Research Challenge    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    EU pledges €3.5b for oceans, environment    Egypt forms supreme committee to revive historic Ahl Al-Bayt Trail    Debt swaps could unlock $100b for climate action    Acts of goodness: Transforming companies, people, communities    President Al-Sisi embarks on new term with pledge for prosperity, democratic evolution    Amal Al Ghad Magazine congratulates President Sisi on new office term    Egypt starts construction of groundwater drinking water stations in South Sudan    Egyptian, Japanese Judo communities celebrate new coach at Tokyo's Embassy in Cairo    Uppingham Cairo and Rafa Nadal Academy Unite to Elevate Sports Education in Egypt with the Introduction of the "Rafa Nadal Tennis Program"    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    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.



BUSINESS BEAT: Mercedes looks to boost sales with new GLK
Published in Daily News Egypt on 22 - 04 - 2009

A few light showers did not affect the gusto that highlighted the launch of the new Mercedes-Benz GLK earlier this month. Reporters and car enthusiasts all had the chance to test drive the new luxury SUV that promises an "unparalleled driving experience.
Amongst the lavish villas of Emaar's Uptown Cairo project in Moqattam, few were worried about the economic crisis and its affects on the auto market. On the contrary, Mercedes officials seemed confident that the GLK class will pave the way for successes and profits that may even help them defy a slowdown.
"We are playing with all our cards, pushing new products into the market with aggressive and competitive pricing, Zakaria Makary, director of sales and marketing at Mercedes-Benz, told Daily News Egypt.
Competitive pricing, though, is relevant. Although the new GLK carries a LE 458,000 price tag, Makary stresses that the Mercedes clientele is of a unique caliber. While some might consider this a hefty cost, it is very reasonable to most Mercedes customers. "We have a specific price range and [this price] is very competitive, he said.
While most of the world's automakers are announcing supply cuts and target slashes, Makary boasts that 2008 and the first quarter of 2009 have been "excellent for the company.
"We had a 26 percent increase in sales in 2008 and a 5 percent increase in the first quarter of 2009 in comparison to the previous year, he said.
He attributes the increase in sales to the quality of products and their pricing mechanism. In January, Mercedes launched their "hit car, the C180 that cost around LE 300,000, boosting sales and garnering attention from many customers who had aspired to own a Mercedes but couldn't afford one.
Hundreds lined up to purchase the car and many have paid deposits and are still on the waiting list. "We are not targeting thousands of car sales and we don't mass produce, but the demand has been so high for the C180 that we have been rated as top producers early this year, he said.
Mercedes will also launch their new E-class at the end of the year, making it their third addition to the market this year following the C180 and GLK cars.
Makary is confident that the GLK will be as lucky as the C180, gaining the same attention and appeal. "The new GLK is the SUV that adapts to the modern day lifestyle be it for business or pleasure in addition to the agility, safety, comfort and luxury features, he said.
The GLK's passive safety systems enable a high degree of occupant protection during and following an accident; the active safety features are designed to take action beforehand. The high standard of active safety in the GLK-Class is rooted in the "Agility Control suspension with a selective damping system, which blends stable handling with comfort.
The electro hydraulic "Agility Control steering that comes as standard keeps the driver informed of the current state of the road, while responding with precision to steering inputs.
Mike Nolte, Mercedes Benz CEO, announced that the GLK is currently in production domestically and will be ready for sale in May.


Clic here to read the story from its source.