Egypt's CBE offers EGP 55b in T-bills    Gold prices slide 0.3% on Thursday    I Squared to invest $5b in Asia Pacific by '27    e-finance acquires stakes in digital payment firms Al Ahly Momken, EasyCash    US Biogen agrees to acquire HI-Bio for $1.8b    EU to retain Russian frozen assets revenues even after lifting sanctions    Microsoft buys 1.6m carbon credits from central American project    Egypt, Côte d'Ivoire discuss enhanced water cooperation at World Water Forum    Palestinian resistance movements fight back against Israeli occupation in Gaza    Body of Iranian President Raisi returns to Tehran amidst national mourning    Egypt secures $38.8bn in development financing over four years    President Al-Sisi reaffirms Egypt's dedication to peace in Gaza    Egypt to build 58 hospitals by '25    Asia-Pacific REITs face high climate risk, report shows    Egyptian, Dutch Foreign Ministers raise alarm over humanitarian crisis in Gaza    "Aten Collection": BTC Launches its Latest Gold Collection Inspired by Ancient Egypt    Egypt's Health Minister monitors progress of national dialysis system automation project    Giza Pyramids host Egypt's leg of global 'One Run' half-marathon    Madinaty to host "Fly Over Madinaty" skydiving event    Nouran Gohar, Diego Elias win at CIB World Squash Championship    Coppola's 'Megalopolis': A 40-Year Dream Unveiled at Cannes    World Bank assesses Cairo's major waste management project    K-Movement Culture Week: Decade of Korean cultural exchange in Egypt celebrated with dance, music, and art    Empower Her Art Forum 2024: Bridging creative minds at National Museum of Egyptian Civilization    Egyptian consortium nears completion of Tanzania's Julius Nyerere hydropower project    Sweilam highlights Egypt's water needs, cooperation efforts during Baghdad Conference    Swiss freeze on Russian assets dwindles to $6.36b in '23    Prime Minister Madbouly reviews cooperation with South Sudan    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    Amal Al Ghad Magazine congratulates President Sisi on new office term    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.



General Motors Egypt launches new product with EGP 180m investment
Published in Daily News Egypt on 28 - 09 - 2013

General Motors Egypt launched on Wednesday the sixth generation of their Chevrolet product with an EGP 180m investment by the company in "upgraded production facilities."
"The new Chevrolet Dabbabah builds on General Motors's success since the 1980s in the pick-up [vehicle] market in Egypt, a market it has now led for 28 years," said GM in a press release, adding that the vehicle would "usher in a new era of design, performance and durability."
"As the largest local vehicle manufacturer and a key player in the local economy, we continue to support a ‘Made in Egypt' philosophy," said Tarek Attia, the managing director of GM Egypt and North Africa, adding that the new product has been designed and engineered for Egyptian conditions and market needs.
Attia added that GM trusts the Egyptian economy and expressed the company's commitment to more investments in the future.
Seven million GM's pick-up vehicles have been sold over the past 40 years worldwide.
"The Chevrolet Dabbabah has the highest level of locally-manufactured components in its segment, delivered by a wide base of Egypt's leading suppliers who have themselves made significant investments in advanced manufacturing technology," read the statement.
According to the statement, GM Africa chairman and managing director, Mario A. Spangenberg said that "Egypt has a large and growing consumer base, a quality workforce and a strategic geographic location," adding that the country plays an important part in the company's long-term plans, as Africa's third largest auto market overall and the second largest in Africa for GM.


Clic here to read the story from its source.