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GB Auto to start assembling Geely cars
- Egypt: Wednesday, October 17 - 2012 at 03:37
Egypt's Ghabbour Auto (GB Auto), the country's only listed car manufacturer, has opened a new facility to assemble Chinese cars Geely, Ahram has reported. The move follows the signing of an agreement with the Hong Kong-based Geely Automobile to begin distributing Geely cars in the North Africa region, GB Auto said. "The facility has already produced the first locally assembled Geely Emgrand 7 models," the company said. Investment firm Beltone Finance said that GB Auto is expected to sell some 6,000 units of Emgrand 7 in 2013. "We are forecasting GB Auto to sell 6,000 Emgrand 7 cars in 2013, and we expect this figure to steadily increase, reaching 23,000 in 2016," Beltone said.
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