By John Lee.

Egypt-based GB Auto (Ghabbour Group) has been appointed as the distributor of the Chinese-owned MG car brand in Iraq.

According to Trade Arabia, the new partnership will see six MG showrooms opened across the country, in Erbil, Baghdad (on 62 St and at Baghdad Mall), Duhok, Sulaymaniyah and Basrah.

Operations are expected to commence in late-Q3 or early-Q4 of this year.

(Sources: GB Auto, Trade Arabia)

By John Lee.

GB Auto has reportedly decided to cease its representation of Hyundai passenger cars in Iraq.

According to Daily News Egypt, the company rejected Hyundai’s new multi-distributor strategy, on the basis that such models never yield proper returns on investment.

It adds that Hyundai had a market share of approximately 25 percent last year.

(Source: Daily News Egypt)