GM Egypt Begins Chevrolet Move Production
News: US automaker General Motors Company (GM)'s subsidiary GM Egypt has started manufacturing the Chevrolet Move car at its facility in 6th of October City. Production of the Move car will use kits supplied by GM's Chinese joint venture SAIC-GM-Wuling. GM has invested US$10mn in developing and installing new tools at the facility to support plans to make almost 5,000 vehicles a year for the Egyptian market.
BMI View: In a boost for the domestic auto production industry, GM is planning to assemble the Chevrolet Move van in Egypt, with the vehicle kits to be supplied by GM's Chinese joint venture SAIC-GM-Wuling. GM Egypt is scheduled to start assembling the van by Q312, with an expected annual production capacity of around 5,000 units. The introduction of the Chevrolet Move will enable GM to enhance its presence in Egypt as well as allowing SAIC-GM-Wuling to boost its output and competitiveness.