Revealed the German Daimler Motor Company, on Friday, for the withdrawal of the Egyptian German Automotive Company (Wagga), In May next year, said spokeswoman «Daimler», if that decision is due to the expected tariffs in the largest drop on imports in the future, as it looks to expand in Wagga assemble other types of cars.
And «Daimler» owns 26% Shares of Agen, a manufacturer of Mercedes cars, and through the joint venture company collects Mercedes «Lucy S and E Brands», in addition to the multi-use sports car model of «G. Of. K »in Egypt, in order to avoid high tariffs.
The first report, published «Focus» weekly magazine, said that the company sold 4255 Only car in Egypt in 2014.
For his part, carrying Hamdi Abdul Aziz, Chairman of the Chamber of Engineering Industries Federation of Egyptian Industries, the Government of the coup, the responsibility out major German company of the Egyptian market, stressing that the absence of supporting auto government policies and not to develop a clear strategy for the industry have led to the Egyptian market losing its competitive advantage.
He told «Egyptian today» that after 4 Years will be imported European cars to Egypt without customs, according to the Egyptian-European partnership agreement, considered «Mercedes» that supply to Egypt will be less expensive than local manufacturing. He pointed out that the expected rise in the Egyptian market needs through 2020 to me 800 A car vs. 350 A currently.