El Nasr Automotive Manufacturing Company

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Company logo
License issue of the Fiat 125 by El Nasr
License issue of the Fiat 128 by El Nasr
Licensed edition of the Tofaş Şahin by El Nasr
Nasr Polonez

El Nasr Automotive Manufacturing Company was an Egyptian automobile manufacturer . The company, founded in 1959, was based in Helwan near Cairo . The brand name was Nasr . Production ended in 2009. From the former car manufacturer, only one service division is currently left.

Automotive brand and company development

In 1960 or 1961 a license agreement was signed with Fiat . Then the production of motor vehicles began. The vehicles were also exported to neighboring countries in Africa and Arabia.

In 2000, the Engineering Automotive Manufacturing Co. (EAMCO) was spun off from El Nasr Automotive , which at the time manufactured trucks , buses and tractors , so to a certain extent embodied the commercial vehicle division of El Nasr Automotive and later became an independent public company .

In 2009, the Egyptian Ministry of Investment approved plans under which NASCO's parent company , the Holding Company for Metallurgical Industries , would either close the company or sell it to a strategic investor . In May 2009 the number of employees was reduced from originally 10,000 - in the end it was around 1000 - to 300 with the greatest possible application of early retirement regulations , whereby the activity of the remaining 300 employees is limited to a certain area of ​​services. Auto production is thus effectively stopped. The problems at NASCO had accumulated over a long period of time: the parent company gradually accumulated a mountain of debt of two billion Egyptian pounds over a period of forty years, due to an unbalanced relationship between production costs and sales revenue for the manufactured car models. Added to this is the fact that in the course of the international economic and financial crisis 2007–2010, car sales in Egypt fell by 42% in the first four months of 2009, which has certainly impaired the company's liquidity. Expensive inventory costs that had piled up in the first quarter of 2009 and previous quarters did the rest. In addition, license agreements between NASCO and the important Turkish business partner Tofaş (“Türk Otomobil Fabrikası AŞ”) have expired, which has made the problems even more difficult.

In March 2013 the parliamentary upper house of Egypt decided to subordinate the company to the Egyptian Ministry of Military Production. The minister responsible for military production, Reda Mahmud Hafez , was previously commissioned to examine the economic viability of resuming vehicle production at El Nasr. On April 8, 2013, the minister told Al Ahram newspaper that the economic studies had been completed. The amount deposited with the bank, from which the 234 company employees would be paid, now amounts to less than nineteen million Egyptian pounds, which would only be enough to pay out salaries for a period of less than six months. He said the subcontractors were ready; the machine park must be overhauled and the workers instructed.

Production numbers

In 1971 annual production amounted to 7,400 vehicles and in 1981 to 17,000 vehicles. In 2000, 7919 vehicles were built, in the following year 8445, 2002 7336 and 2003 6200 vehicles.

Models

Licensed production of the passenger cars Fiat 125 , Fiat 128 (1983-1984), Fiat 131 , Fiat Ritmo , a model by Seat and an off-road vehicle by Aro , as well as commercial vehicles by Fiat and Magirus-Deutz have been handed down .

Another source names the models Fiat 1100 , Fiat 1300 , Fiat 2300 , Polski Fiat 125p (1972–1984), Fiat 128 (from 1973), FSO Polonez (1983–1992), Polski Fiat 126p (1990–1992), Tofaş Şahin (from 1993), Fiat Tempra (1996–2002) and Zastava Yugo Florida (from 2003).

literature

Web links

Commons : El Nasr Automotive Manufacturing Company  - Collection of Images, Videos, and Audio Files

Individual evidence

  1. ↑ Bloomberg (accessed July 16, 2016)
  2. ↑ a b c d Eligiusz Mazur: 2005 · 2006. One of the largest car directories in the world. World of Cars. Worldwide catalog. Encyclopedia of today's car industry. ( online ; English)
  3. ^ D'Auto (Dutch, accessed July 16, 2016)
  4. ↑ a b c d Harald H. Linz, Halwart Schrader : The International Automobile Encyclopedia . United Soft Media Verlag, Munich 2008, ISBN 978-3-8032-9876-8 , chapter Fiat (X); El Nasr; ElTramCo.
  5. ↑ a b c El Nasr closure spells end to long running assembly of Fiat 128 and 131 in Egypt ( Memento from February 27, 2014 on WebCite ) www.italiaspeed.com Internet portal, "News" section, May 21, 2009 (English) Archived from the original on February 27, 2014
  6. ↑ a b c d Theodore May: Egypt to liquidate or sell Nasr Auto The Daily News Egypt, June 16, 2009, article text reproduced with a different page layout in: www.masress.com Internet portal (reproduced text is used here because the original article by The Daily News Egypt no longer available online)
  7. ↑ وزير الإنتاج الحربي: انتهاء دراسات الجدوي لإعادة تشغيل النصر للسيارات (Minister of Military Production: The economic studies for the resumption of production of El Nasr automobile manufacture are completed; Al-Ahram , April 8, 2013, accessed December 17, 2013 (Arabic).