You'll be signed off in 60 seconds due to inactivity

English news

22-Mar-2016

Mazda mulls expanding investments in Egypt, targets sales of 4k vehicles in 2016

Egypt is among five countries Mazda is considering expanding investments in over the next three years according to Ahmed Abdel Ghany, Managing Director of Geely and Mazda Franchise at GB Auto (AUTO.CA) as the company plans to raise its global sales to 2.5 million vehicles per year from 1.75 million. The Japanese auto-maker aims to sell 4,000 vehicles in the local market by end-2016, nearly double 2,100 vehicles in 2015, Abdel Ghany added, after recently launching the Mazda 2 model at the Automech Formula exhibition with plans to introduce a new SUV model during 2017.   GB Auto: EGP2.47 as of 21 March 2016, Rating: Buy, FV: EGP5.00 per share, MCap: USD305 million, AUTO EY / AUTO.CA

Learn more about the cookies we use.