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Tuesday, 6 December 2016

ARTOC Auto says it is still Skoda’s agent in Egypt “according to Egyptian law,” suggests it is planning legal action

A senior company representative contacted us to clarify that ARTOC Auto remains Skoda’s agent in Egypt “according to Egyptian law,” denying an Al Borsa report that the car manufacturer parted ways with the distributor. ARTOC Auto says it has invested USD 325 mn in the Skoda business and “will continue to protect its rights insofar as all parties are concerned legally and according to international regulations.” The company also stated it “does not accept abusive, illegal or corrupt actions by any party, and works only via legal and internationally recognized frameworks.”

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