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General Motors has a long history serving the Egyptian market, beginning with the import of vehicles into Egypt in 1922 and later establishing the first Middle East office in Alexandria in 1926. General Motors Egypt was established in 1983 as the first private automotive manufacturer in Egypt and commenced production in 1985. GM Egypt Milestones
In 1984, GM opened its first factory in Egypt, and 1985 the first GM vehicle was produced in the country. [4] Al-Mansour Automotive gained rights to sell GM cars in Africa, and eventually became the largest GM dealership in the world. [3] In 1977, the Mansour Group secured rights to sell and distribute Caterpillar digging equipment in Egypt.
In January 2005, the Chevrolet brand was introduced in Europe, the whole Daewoo range being simply re-badged as Chevrolet. General Motors' official tagline was that: “Daewoo has grown up enough to become Chevrolet.” [12] It was also considered that this new name was an opportunity for Daewoo to become stronger.
In 2017, Chevrolet was the best-selling brand in Egypt, accounting for 22.3% of the automotive market. Chevrolet sold 21,468 cars, which was a 34.7% decrease in its sales compared to 2016 which saw the sales of 32,890 cars. [20] Nissan was ranked number two, with 15,847 sold vehicles in the first nine months of 2017.
GB Corp is an Egyptian manufacturer of automobiles, buses, trucks and motorcycles located in Cairo. [3] [4]The company was founded in 1960 by the brothers Kamal and Sadek Ghabbour because they realized that the automotive sector was a growing market.
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In November 1911, Durant co-founded Chevrolet with race car driver Louis Chevrolet, who left the company in 1915 after a disagreement with Durant. [21] General Motors Company share certificate issued October 13, 1916. GM was reincorporated in Detroit in 1916 as General Motors Corporation and became a public company via an initial public offering.