Wednesday, July 3, 2013

Automakers Are Watching Closely What Is Happening in Egypt


The political unrest in Egypt is taking its toll on automakers, with Toyota having previously temporarily shut down its subsidiary in the African country because of the demonstrations against (the now former) President Mohamed Morsi.

The Japanese carmaker said that operations restarted and that none of its dealerships was damaged. A Toyota spokesman told Autonews Europe that sales were not affected and that he was not aware of any effects on Toyota’s CKD assembly plant in Cairo.

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