Nasr (car company)
El Nasr Automotive Manufacturing Company ( NASCO) (Arabic شركة النصر لصناعة السيارات, DMG Sarikat an-Nasr li -Sina ʿ at as- sayyārāt ) was an Egyptian automobile manufacturer, which from 1960 to 2009 in Helwan the Nasr brand (Arabic النصر, DMG has produced an-Nasr ). From the former auto producers currently is only a services division remained.
Development of automotive brand and company
Nasr was the second founded by the Egyptian state automobile brand by Ramses. On the basis of a negotiated by Ramses patent for automobile production but the production of passenger cars could not begin until 1979 when Nasr. During this time, the company employed with the import of Toyota and Nissan vehicles and the license production of Magirus -Deutz trucks. With the demise of the brand Ramses their patent fell; and as models of different brands were produced and sold under their own label since that time.
In 2000, the Engineering Automotive Manufacturing Co. ( EAMCO ) from El Nasr Automotive was spun off, which in his time made trucks, buses and tractors, has so to speak, embodies the commercial vehicle division of El Nasr Automotive and an independent stock company has become later.
In 2009, the Egyptian Ministry has approved for investment plans, according to which the parent company of NASCO, the Holding Company for Metallurgical Industries, the company either closes or sold to a strategic investor. Finally, there were about 1,000 - - In May 2009, the number of employees from 10,000 originally once was lowered to 300 under the greatest possible use of early retirement schemes, where the activity of the remaining 300 employees is limited to a specific range of services. The car production is now set in fact. The problems with NASCO had accumulated over a long period: the parent company therefore has gradually accumulated over a period of forty years a debt of two billion Egyptian pounds, due to an unbalanced ratio between production costs and selling price in the finished car models. Also added is the fact that in the first four months of 2009, car sales in Egypt has dropped by 42% in the wake of the international economic and financial crisis of 2007-2010, which the company's liquidity has certainly affected. Expensive storage costs, which have accumulated in the first quarter of 2009 and in the previous quarters, did the rest. In addition, license agreements between NASCO and the important Turkish business partner Tofaş ( " Türk A.Ş. Otomobil Fabrikası " ) expired, what the problems made more difficult.
In March 2013, the parliamentary upper house of Egypt has decided to put the company under the Egyptian Ministry of Military Production. Previously was the minister responsible for military production, Reda Mahmoud Hafez, tasked to examine the profitability of a resumption of car production at El Nasr. On April 8, 2013, the Minister told the newspaper Al Ahram, the cost-effectiveness studies are completed. The deposited amount in the bank from which the 234 company employees would be paid, amounted now stands at less than nineteen million Egyptian pounds, which would only last for a payment of salaries for a period of less than six months. He stated that the suppliers were ready; The machinery had become obsolete and the workers to be re- admitted.
Models
Former models from the production of El Nasr Automotive
- Nasr 1100 ( -; ? Licensed version of the Fiat 1100 and the Fiat 1100R - 103D )
- Nasr 1300/1500 (-;? Licensed version of the Fiat 1300 and Fiat 1500)
- Nasr 125 (1979-2001; license of the FSO 125P, the so-called " Polski Fiat 125p " )
- Nasr 133 (-;? License of the Seat 133) (based on the Fiat 133)
- Nasr Sahin Regata (1983-2001; under license of Fiat Regata, the successor model of the Fiat 131)
- Nasr Polonez 1500 (1983-1992; license of the FSO Polonez 1500, the successor model of the " Polski Fiat 125p " )
- Nasr Polonez MR'89 ( 1989-1992; license of the FSO Polonez MR'89, the Polonez in the 1989 series )
- Nasr Florida 1400 (2001-2006; license of the Zastava Florida In) (based on the Fiat Tipo )
- Nasr 128 GLS 1300 (1979-2009; under license of Fiat 128 )
- Nasr Sahin Kartal (1995-2001; license of Tofaş Kartal 131 ) (based on the Fiat 131)
- Nasr Sahin Dogan (1995-2006; license of Tofaş Doğan 131 ) (based on the Fiat 131)
- Nasr Sahin 1400 SL ( 1995-2009; Tofaş Şahin under license of ) (based on the Fiat 131)
- Nasr Sahin 1600 SL (2006-2009; Tofaş Şahin under license of ) (based on the Fiat 131)