Egypt's CBE issues EGP5b FRN T-bonds    EHA launches national telemedicine platform with support from Egyptian doctors abroad    Madbouly reviews strategy to localize pharmaceutical industry, ensure drug supply    Egypt's real estate market faces resale slowdown amid payment pressures    Al-Mashat tells S&P that Egypt working to reduce external debt, empower private sector    Cairo's real estate market shows resilient growth as economy stabilizes: JLL    Egypt's Foreign Minister, Pakistani counterpart meet in Doha    Egypt condemns terrorist attack in northwest Pakistan    Emergency summit in Doha as Gaza toll rises, Israel targets Qatar    Egypt renews call for Middle East free of nuclear weapons، ahead of IAEA conference    Egypt's EDA, Korean pharma firms explore investment opportunities    Egypt's FM heads to Doha for talks on Israel escalation    Egypt advances plans to upgrade historic Cairo with Azbakeya, Ataba projects    Egyptian pound ends week lower against US dollar – CBE    Egypt hosts G20 meeting for 1st time outside member states    Lebanese Prime Minister visits Egypt's Grand Egyptian Museum    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Egypt seeks Indian expertise to boost pharmaceutical industry    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    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.



GM Egypt investments $10 million to manufacture the Chevrolet Move in Egypt
Published in Daily News Egypt on 29 - 07 - 2012

GM Egypt celebrated the launch of the first locally assembled Chevrolet Move Mini passenger van sharing the confidence of the international companies in the recovering Egyptian economy as well as recognizing the skillfulness of the Egyptian Manpower. The New Mini passenger van is assembled by GM Egypt supported by a US$10 million investment in the plant, tools and fixtures.Diplomats, Suppliers, key leaders from Industry and the Public sector, the Media along with the employees of General Motors Egypt and SGMW, attended the celebration of this significant milestone.
GM Egypt plans to produce around 5000 vehicles annually to be sold in Egypt. The CKD kits for the Chevrolet Move will be supplied by SGMW, a joint venture between SAIC Motor Corporation Limited, Liuzhou Wuling Motors Co Limited and GM China. Additional body styles based on the Chevrolet Move platform are planned to be produced in Egyptin accordance with General Motor's Production & Quality standards to meet the needs and expectations of the Egyptian consumers.
The launch of Chevrolet Move follows the joint announcement last year by SGMW and GM Egypt, of their agreement tocommence assemble of the first SGMW vehicle outside of China and that at the GM Egypt plant. This agreement reflects the confidence of SGMW in the Egyptian Automotive market underpinned by a positive outlook of a strengthening Egyptian economy. Furthermore, this also signifies SGMW's confidence in the capability of Egyptian manpower to assemble the Chevrolet Move following GM Production and Quality standards.
Mario A. Spangenberg – President and Managing Director of GM Egypt and North Africa- commented: “the launch of the new ChevroletMove today marks a new milestone in the company's history. We are proud of the strategic alliance between GM Egypt and SGMW who have recognized GM Egypt's achievements in offering vehicles of high quality to our customers over the past 27 years.”
The Chevrolet Move is the ideal choice for cargo and passenger transportation businesses. It will also appeal to private owners who have a need to carry more than 4 passengers comfortable, regularly. The Chevrolet Move comes with a number of features which are rarely found in this class of vehicle; namely modern design, spacious interior and overall economic performance. It is powered by a 1.2l 16 valve DOHC electronic fuel injection engine generating 85 horse power. Coupled with a 5 speed manual transmission, this combination provides optimal fuel economy.
Encapsulated in its modern design, the Chevrolet Move offers class leading interior space accommodating up to 8 passengers. Convenience features such as air-conditioning, power steering, Radio/CD, electric windows and remote locking are also available.
When it comes to safety, the Chevrolet Move offers a number of safety features guaranteeing the safety of the passengers on the different Egyptian roads All the specifications signify the Golden Chevrolet bowtie promise – trust and peace of mind motoring.
The Chevrolet Move will be sold through Mansour Automotive's nationwide distribution network guaranteeing the best after sales service and support.


Clic here to read the story from its source.