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
This website uses cookies to make the site work, to understand if the site is working well, how it is being used, to connect to social media sites (such as Facebook and Twitter) and to collect information useful to allow us and our partners to provide you with more relevant ads . Some cookies are essential to make the site work, but you can control how we use non-essential cookies at any time by clicking the “ON/OFF” button next to each category. For more information about the cookies used on this site, see Privacy Policy.
Decide which cookies you want to allow.
Strictly Necessary
These cookies are essential in order to enable you to move around our website and use its features, such as accessing secure areas of our website. Without these cookies, any services on our Site you wish to access cannot be provided.
Analytical/performance cookies
Visitors use our website, for instance which pages you go to most often, and if you get error messages from web pages.