Speranza Motors
Speranza Motors is a car manufacturer from Egypt in Cairo and produced automobiles since 1998. The associated car brand name Speranza (Arabic اسبيرانزا ), which is of later origin, comes from the Italian and translated means hope. 2008 Speranza Motors Limited in the Abu El- Foutouh Group ( also Aboul Foutouh Group posted ) was incorporated and has since been an integral part of it. Official corporate headquarters is located at Corniche El Nile in Cairo's Maadi. The distribution of vehicles going over the still existing dealer network of Daewoo Motor Egypt (DME ), which is why the vehicles are frequently incorrectly referred to as Daewoo's or even as Daewoo Speranzas. The Daewoo Motor Egypt is at the same time also a registered company of Abu El- Foutouh Group. According to CNN, the manufacturer produces 15,000 units per year, 45 percent of the required components, the company produces itself.
Corporate Development
In the eighties, the company began as a new car importer in downtown Cairo. The preferred brands at that time were mainly Toyota and Mazda. With the booming success of business of the company, by and by even more vehicles of various brands were added to the model program. Then finally 1996, an offer of the South Korean Daewoo Motor Company, at the Speranza financial support to build a production site would receive upon acceptance. This did Speranza finally built and henceforth brand cars Daewoo. In 2005 when finally Chevrolet newer models of the Korean brand started to produce in Egypt, Speranza was forced for a time to produce the models under its own name. Accordingly, the automotive brand Speranza has existed since August 2006. Buyout Under the naming rights of the Daewoo Motor Egypt, the models were given their original names back. As the outdated models of the brand Daewoo no longer arrived on the market against the GM competition, the company entered into negotiations with several Chinese automakers. Finally, in 2008, all eight existing production lines have been converted to the vehicles of the automotive brand Chery. In September finally went to the production of new models. These are offered for the Egyptian market, unlike the predecessors of the brand Daewoo under the double name Speranza Chery. After a merger with Abu El- Foutouh Company, the company also received its own research to develop new and better security systems. In summer 2009, expressed a spokesman for the Speranza Motors, which the company intends in the future to participate in his test lab at the European New Car Assessment Programme is to improve in this way the safety of its vehicles, as most of the built-in automobile parts from a European production comes. But Speranza could be, imagine a foothold in the market in some European, mainly eastern European countries well.