GB Auto bets on Geely cars and expansion beyond Egypt

Newswire

By Shadia Nasralla CAIRO, Sept 26 (Reuters) - Egypt's biggest car assembler GB Auto is betting on cheaper, locally assembled Chinese vehicles and expansion into northern and sub-Saharan Africa as it grapples with the effects of political instability in its main domestic market. The company, which controls around 25 percent of Egypt's car market, is manoeuvring to keep sales on track two and a half years after Egypt's popular uprising, which caused a decline ...

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