BMW AG restarted output at its Egypt factory on Sunday ahead of competitors Daimler AG and General Motors Co. ''Local production is back at full capacity,'' a BMW spokesman told Automotive News Europe.
Daimler and GM said production at their plants in Egypt is still stopped as the political situation in the country remains uncertain.
''We are still on hold and monitoring the situation on a daily basis,'' a GM spokesman said. Daimler said it was not making cars at its plant and is "reevaluating the situation day by day."
Hyundai production resumes
GB Auto, Egypt's biggest listed vehicle assembler, which makes Hyundai cars, said on Monday it had resumed operations nationwide for the first time since Jan. 27. It said that none of its staff, distribution outlets or facilities had been harmed during anti-government protests that have swept Egypt, particularly in Cairo and Suez, two of the primary hubs for the company.
"The company's management remains intact and has kept abreast of developments in Egypt throughout the past week. The company implemented a plan that saw GB Auto security staff deployed to all locations while inventory was recalled and centrally protected in cooperation with the Egyptian army," the statement said.
It said regardless of any short-term disruption, it was "confident in the long-term fundamentals of both the Egyptian economy in general and the nation's under-motorized automotive market in particular."