Posts Tagged ‘automotive’

REUTERS SUMMIT-Morocco sees $10 billion from auto industry exports by 2020 | Daily Mail

Morocco has been able to draw in big investments from international automakers, resulting in a boom for local industry and exports: Morocco expects auto industry exports to reach an annual 100 billion dirhams ($10.2 billion) by 2020 as a result of PSA Peugeot Citroen starting production at its new 557 million euro ($630 million) factory. It will lift the overall industrial component of gross domestic product (GDP) to 20 percent, ...

Volkswagen Reportedly Chooses Morocco not Algiers | North Africa Post

Morocco gets another boost to its growing automotive sector with the announcement that Volkswagen will install a new plant there: It seems that Morocco has won another battle against its neighbouring arch-rival Algeria, member of the OPEC cartel. After months of secret negotiations with the two countries, German automaker Volkswagen is believed to have finally picked Morocco to install its new plant following suit of French groups Renault and Peugeot-Citroen. ...

PSA Peugeot Citroen investment in Morocco spurred by infrastructure quality and qualified human resources- CEO | Maghreb Arab Press

Why Morocco was again chosen by a major auto manufacturer to produce cars for the African marketplace: Given its world-class infrastructure notably in terms of car production and export logistics in addition to the quality of training of human resources specializing in automobile industry, Morocco was chosen to host the new production plant of French car manufacturer PSA Peugeot Citroen, Chairman of the Managing Board of the French group Carlos ...

Peugeot Plans 90,000-Car Plant in Morocco in Africa Growth Push | Bloomberg

French automaker PSA Peugeot Citroen plans to follow Renault’s footsteps by setting up automotive production in Morocco: PSA Peugeot Citroen, which is striving to reduce reliance on Europe by boosting car sales in emerging markets, plans its first direct investment in Africa with an assembly plant in Morocco. The new factory will be located near the city of Kenitra, 47 kilometers (30 miles) north of the capital, Rabat, under an ...

Tangiers’ Renault Plant Targets Production of 180,000 Units in 2014 [Maghreb Arab Press]

Morocco’s strategy to build up auto manufacturing continues to yield dividends: The Tangiers’ Renault plant is planning to produce 180,000 units in 2014 and is heading to an annual rhythm of 200,000 units, said General manager of Renault-Morocco, Jacques Prost. The car-maker general manager told French weekly “L’Usine Nouvelle”, the 2014 production is inferior to the plant’s actual production capacity of 340,000 units annually, as a result of the European ...
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