BUSINESS British car brand MG forms joint venture with Egyptian dealer

BUSINESS

British car brand MG forms joint venture with Egyptian dealer

Xinhua

21:21, August 16, 2018

CAIRO, Aug. 15 (Xinhua) -- British automotive brand MG Motors announced on Tuesday that it will form a joint venture with Egyptian automotive dealer Mansour Group to promote its products in the Egyptian market.

Mansour, with 60,000 employees worldwide, will become the exclusive distributor of MG's products in Egypt after the forming of the joint venture.

The Egyptian dealer has been one of the largest dealers of General Motors, a US multinational corporation in vehicle and vehicle parts.

MG Motors, now owned by the Chinese automaker SAIC Motor, also unveils on Tuesday three new cars in Egypt: one sedan and two SUVs, with prices ranging from $4,914 to $22,030.

SAIC expressed in a press release optimism in the future of the Egyptian market, which is the second largest car consumer market in Africa.

Cover image: MG's X-motion at exhibition on April 26, 2018. (Flie photo: VCG)

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