The European car market is in free fall: two giants have announced huge losses

The European car market is in free fall: two giants have announced huge losses

Shares of European car manufacturers came into being lose Monday, following profit warnings from car giant Stellantis and the British luxury brand Aston Martinwho mentioned widespread industry challenges and problems in the world’s largest auto market, China, reports CNBC. Stellantis on Monday lowered its annual forecasts for 2024, against a background of a decline in … Read more

Report: 3 international car companies invest $145 million in Egypt

Report: 3 international car companies invest 5 million in Egypt

Written by Ahmed Alawi Tuesday, February 28, 2023 02:43 PM Zawya, an economic news website, highlighted that three international car companies plan to invest up to $145 million in Egypt over the next three years, Prime Minister Mostafa Madbouly said at a press conference on February 22nd.. Madbouly indicated that the major companies, namely Nissan, … Read more