Many multinational companies operating in Egypt pay a cash allowance to employees to use a personal vehicle instead of providing a company car. By doing so, companies transfer vehicle maintenance management responsibility and residual risk to employee drivers.
Chinese auto manufacturer Chery is now the largest foreign automaker in Iran with a cumulative output and sales volume of over 200,000 units.
Logistics Plus Inc., a worldwide provider of transportation, logistics and supply chain solutions, continues to expand its global presence with the opening of two new offices in Egypt.
Iveco Bus, a brand of CNH Industrial, will manufacture the 300 Eurorider chassis at its plant in Annonay, France, for the Egyptian market.
Scania will deliver 150 city buses to the public transport authority in Cairo, Egypt.
PORT ELIZABETH, SOUTH AFRICA – General Motors is consolidating its Sub-Saharan Africa and North Africa operations into a new unit, GM Africa, effective immediately.