GB Auto aims to sell 400 Volvo trucks by end-of 2016
GB Auto (AUTO.CA) is targeting to sell 400 Volvo trucks by end of 2016, Vice President (VP) of sales Ahmed Fathy said. He further added that the company sold 260 units in 2015 despite the FX crunch and is looking to increase its sales by 54% by end of 2016, in light of increased demand on trucks for governmental projects. (Al Mal) GB Auto: EGP2.21 as of 17 February 2016, Rating: Buy, FV: EGP5.00 per share, MCap: USD309 million, AUTO EY / AUTO.CA
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