Speranza Motors, Ltd is an Egyptian auto manufacturer based in

Maadi Maadi ( ar, المعادي / transliterated: ) is a leafy suburban district south of Cairo, Egypt, on the east bank of the Nile about upriver from downtown Cairo. The Nile at Maadi is parallelled by the Corniche, a waterfront promenade ...

Cairo Cairo ( ; ar, القاهرة, al-Qāhirah, ) is the capital of Egypt and its largest city, home to 10 million people. It is also part of the largest urban agglomeration in Africa, the Arab world and the Middle East: The Greater Cairo met ...

.Report about Speranza Motors

CNN CNN (Cable News Network) is a multinational cable news channel headquartered in Atlanta, Georgia, U.S. Founded in 1980 by American media proprietor Ted Turner and Reese Schonfeld as a 24-hour cable news channel, and presently owned by the ...

, 23 November 2009. It is a part of the Daewoo Motor Egypt (DME) which itself belongs to the Aboul Fotouh Group. The factory is located in the

6th of October City 6th of October ( ar, السادس من أكتوبر, Al Sādis Min Uktōber; arz, ستة اكتوبر, Setta Oktōbar) is a city in Giza Governorate, a satellite town and part of the urban area of Cairo, Egypt, 32 km (20 miles) outside ...

.Company Profile
Speranza Egypt, Retrieved 2011-10-11 The company started in the early 1980s as an importer of Japanese cars. The assembly plant started its activities with the SKD manufacturing of

Daewoo Daewoo ( ; Hangul: , Hanja: , ; literally "great universe" and a portmanteau of "dae" meaning great, and the given name of founder and chairman Kim Woo-choong) also known as the Daewoo Group, was a major South Korean chaebol (type of conglomera ...

vehicles in 1998. Since 2006 the company is assembling vehicles of the

Chinese Chinese can refer to: * Something related to China * Chinese people, people of Chinese nationality, citizenship, and/or ethnicity **''Zhonghua minzu'', the supra-ethnic concept of the Chinese nation ** List of ethnic groups in China, people of v ...

brand

Chery Chery Automobile Co. Ltd., trading as Chery and sometimes known by the pinyin transcription of its Chinese name, ''Qirui'' (), is a Chinese state-owned automobile manufacturer headquartered in Wuhu, Anhui, China. Founded in 1997, it is cur ...

. The cars are released under the Speranza brand.

References

External links

Speranza Motors websiteAboul Fotouh Group website
{{Automotive industry in Egypt Car manufacturers of Egypt Manufacturing companies based in Cairo Chery Companies established in the 1980s Egyptian brands