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Holland Car Plc of Ethiopia rolled out its new car called Abay on Thursday, AFP reported from Addis. Abay with a four cylinder and five-speed manual transmission will cost $16,000 dollars, in comparison the Manufactures Suggested Retail Price for a Honda Civic LX 2007 5-speed manual is $16,710 dollars in the United States according to edmunds.com.
Holland Car PLC imports the parts for the car from China, AFP wrote.
"We are bringing new technology to the country, offering customers to buy new cars instead of older and more expensive ones from Europe," Tadesse Tessema, cofounder the company, said according to AFP report.
Abay is the second line car from Holland Car PLC after it assembled a smaller compact car that sells for $10,000.
According to the transport ministry, Ethiopia is among Africa's largest car importers and charges up to 150 percent import tax, AFP wrote.
About Holland Car PLC
Holland Car is producing and distributing cars in Ethiopia. The products are fulfilling the specific needs of this market. Holland Car PLC is established in 2005 and is a joint venture between the Dutch company Trento Engineering BV in Sittard (50%) and the Ethiopian company Ethio-Holland PLC in Addis Ababa (50%). This cooperation is combining the expertise of production equipment and processes (Trento) and the knowledge of the local market (Ethio-Holland). The production-site of 20.000 square meters is situated in Modjo, about 65 km south of Addis Ababa. The sales-office and the service-dealers are located in Addis Ababa
Source Holland Car PLC
Holland Car to roll out fancier car named Abay
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Abay Car is a Lifan Group car according to an article by Capital
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