Egyptian crisis affecting automakers?

What’s happening in Egypt is obviously affecting the Arab world everyday, as well as international markets. But just how is it affecting the automotive industry? Automakers which include General Motors (who has been assembling cars in Egypt since the 1920s), Mercedes-Benz, Nissan and BMW have been forced to shut down their factories in the troubled nation. Even Volkswagen has halted deliveries due to concern that the cars would not reach their destinations, while BMW and Mercedes have evacuated expatriate employees and their families.

I wonder in financial terms how badly they have all been hit? Egypt’s economy was growing strong before the protests occurred, which I am sure had a positive impact on automobile sales. To be honest, we just need a healthy and stable Egypt back. The whole world does.

Explore posts in the same categories: Automotive, Rants

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