Rebound in auto market – Egypt – Al-Ahram Weekly


The Egyptian auto industry witnessed a 5-10 per cent rise in the price of new passenger cars in the beginning of the fourth quarter of the year after seeing a noticeable recovery in sales during the third quarter of 2020.


According to experts, the coronavirus, insufficient supply, a notable rise in demand on cars as well as the increase in the euro exchange rate against the Egyptian pound led to the price hikes.


“The increase in the cost of new cars which the local market is currently witnessing is reasonable,” Ahmed Al-Mazahi, director-general of Al-Masria Auto, one of the largest showrooms in Egypt, told Al-Ahram Weekly.


The auto market hasn’t recovered from the repercussions of the coronavirus pandemic as passenger car imports are limited as well as the purchases of parts used in local assembly lines, Al-Mazahi said.


Due to the lockdown and also the

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Xbox Series X and S roll with Auto HDR (by default)

Today a Microsoft representative confirmed that the Xbox Series X and the Xbox Series S consoles will work with Auto HDR. That’s high dynamic range, turned on by default, for all titles, for both consoles. Per Peggy Lo, Compatibility Program Lead for Xbox, “this gives an extra sense of richness and depth to the image when compared to a standard dynamic range (SDR) image”.

The first time the Xbox ecosystem worked with HDR in a significant way was with Xbox One S. Unfortunate for owners of the Xbox One, “thousands of Xbox games shipped before HDR was first introduced with Xbox One S.”

Microsoft wants all the games to look as colorful, sharp, deep, and aesthetically amazing as possible, given the hardware capabilities of the Xbox Series X and Xbox Series S. But since implementing HDR compatibility with a game takes development resources and time, they’ve decided to go ahead

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Why China’s September car sales jumped

Due to the steep decline in first-quarter volume amid the virus outbreak, demand for new light-vehicles in the first nine months dropped 12 percent to below 13.4 million.

But new commercial-vehicle deliveries advanced 20 percent to top 3.7 million in the first three quarters.

Overall, across the industry, new-vehicle sales in September rose 17 percent to approach 2.6 million, with year-to-date volume declining 6.9 percent to some 17.1 million.

The Beijing auto show, promotional events and policies enacted by local governments to support the auto industry drove sales growth in September, senior CAAM official Chen Shihua told reporters.

Passenger vehicle sales rose 8 percent in September. Geely Automobile Holdings, Great Wall Motor Co. and Toyota Motor Corp. were among those that booked double-digit growth.

This time of year is also known as “Golden September, Silver October” and is usually a highpoint in sales across the industry, with consumers venturing out

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China auto sales jump in ‘Golden September’ as shoppers return to showrooms

BEIJING/SHANGHAI (Reuters) – China auto sales marked a sixth straight month of gain, rebounding a solid 12.8% in September as the world’s biggest vehicle market comes off lows hit during the coronavirus lockdown.

This time of year, known as “Golden September, Silver October”, is usually a highpoint in sales for the industry, with consumers venturing out to make purchases after having stayed away from showrooms during the stifling summer months.

Sales reached 2.57 million vehicles last month but were still down 6.9% for the year to date at 17.12 million vehicles, according to the China Association of Automobile Manufacturers (CAAM).

“Based on our dealer channel checks, the growth in momentum extended into the October Golden Week, as retail sales exceeded dealers’ expectations,” said Haitong International analyst Shi Ji.

The Beijing auto show, promotional events and policies enacted by local governments to support the auto sector helped sales growth in September,

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What’s new with Futures Command’s auto-loader tech?

Video: What’s new with Futures Command’s auto-loader tech?

Brig. Gen. John Rafferty of U.S. Army Futures Command provides an update on auto-loaders for long-range fires capabilities.

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    China stocks recover early losses on upbeat auto sales, trade data

    SHANGHAI, Oct 13 (Reuters) – China’s stocks reversed early losses to close firmer on Tuesday, as sentiment was lifted by strong domestic trade performances, which signalled that Chinese exporters are making a brisk recovery from the pandemic’s hit to overseas orders.

    ** Automobile sales in China rose 12.8% in September from the same month last year, showed official data released on Tuesday, marking the sixth consecutive month of gains, as the world’s biggest vehicle market comes off lows hit during the coronavirus lockdown.

    ** Sentiment was also underpinned by trade data, which showed China’s imports grew at their fastest pace this year in September, while exports extended their strong gains as more trading partners lifted coronavirus restrictions in a further boost to the world’s second-biggest economy. ** At the close, the Shanghai Composite index was up 0.04% at 3,359.75. The blue-chip CSI300 index was up 0.33%. ** The smaller Shenzhen

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    China Auto Sales Jump 13% in ‘Golden September’ as Shoppers Return to Showrooms | Investing News

    By Yilei Sun and Brenda Goh

    BEIJING (Reuters) – Automobile sales in China rose 12.8% in September from the same month a year earlier, marking the sixth consecutive month of gain, as the world’s biggest vehicle market comes off lows hit during the coronavirus lockdown.

    Sales reached 2.57 million vehicles last month, showed data from the China Association of Automobile Manufacturers (CAAM).

    Sales are still down 6.9% for the first nine months of the year at 17.12 million vehicles, CAAM said.

    Auto insiders refer to “Golden September, Silver October” as they regard the months as the high season for China sales, with drivers venturing out to make purchases having stayed away during the stifling summer months.

    Reflecting that trend, sales of passenger vehicles rose 8% in September. Geely Automobile Holdings Ltd <0175.HK>, Great Wall Motor Co Ltd <601633.SS> and Toyota Motor Corp <7203.T> booked double-digit growth.

    The Beijing auto show,

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    China auto sales jump 13% in ‘Golden September’ as shoppers return to showrooms

    By Yilei Sun and Brenda Goh

    BEIJING, Oct 13 (Reuters)Automobile sales in China rose 12.8% in September from the same month a year earlier, marking the sixth consecutive month of gain, as the world’s biggest vehicle market comes off lows hit during the coronavirus lockdown.

    Sales reached 2.57 million vehicles last month, showed data from the China Association of Automobile Manufacturers (CAAM).

    Sales are still down 6.9% for the first nine months of the year at 17.12 million vehicles, CAAM said.

    Auto insiders refer to “Golden September, Silver October” as they regard the months as the high season for China sales, with drivers venturing out to make purchases having stayed away during the stifling summer months.

    Reflecting that trend, sales of passenger vehicles rose 8% in September. Geely Automobile Holdings Ltd 0175.HK, Great Wall Motor Co Ltd 601633.SS and Toyota Motor Corp 7203.T booked double-digit growth.

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    Biden makes pitch to Ohio auto workers | Politics

    CINCINNATI – Joe Biden made two campaign stops Monday in Ohio, attempting to expand the battleground map and keep President Donald Trump on the defensive in a state long thought to be out of reach for Democrats after Trump’s wide margin of victory there four years ago.

    The Democratic presidential nominee stressed an economic message and touted his own record while casting Trump as having abandoned working-class voters who helped him win Rust Belt states that put him in the White House in 2016. The president’s reelection campaign countered that few expected Trump to win Ohio so comfortably four years ago and that he would repeat a similar upset on Election Day.

    In Toledo, Biden addressed United Auto Workers who represent a local General Motors powertrain plant. The former vice president spoke in a parking lot with about 30 American-made cars and trucks arrayed nearby, and he struck a decidedly

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