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Auto Dynamics clutches FIAT dealership, mulls increasing distributors

Sunday 09 September 2018 07:31 PM


By Ahmed Awad
In the wake of intensive negotiations with FCA Group, Auto Dynamics snatched Fiat dealership from Nile Engineering Group.
" With Fiat dealership inclusive of sale and maintenance services set as a target, intensive talks with FCA Group finally rendered the dealership agreement possible," said chairman of Auto Dynamics Emad Helmy, adding that Auto Dynamics is discussing with NEG, the former FIAT dealer, the acquisition of  the former's four maintenance centers in Cairo, Alexandria and Damiatta so as to speed up the delivery of after-sale services and the provision of spare parts.    
Upon wrapping up Cairo Auto International Exhibition 'Automak Formula, Auto Dynamics will disclose details of the new dealership agreement as well as the expansion plans of the Italian automaker, he added.
While predicting Fiat sales in Egypt to jump in 2019, Hemly said that the company is studying increasing the current eight  sale centers so as to spread them more evenly  across the country.
FIAT's sales grew by 194 percent to 1679 vehicles during the seven early months of this year up from 571 units a year earlier.