PSA to step up production to 200,000 cars annually in Morocco plant

French carmaker PSA plans to speed up production at its Kenitra plant to hit the annual target of 200,000 vehicles by next September.

PSA has withstood the coronavirus crisis posting sales higher than last year and taking up 46% market share in the region.

Sales improved in key markets such as Turkey by 5.4%; 3.9% in Egypt and 0.8% in Morocco.

The Kenitra plant produces the iconic Peugeot 208 on which the company relies to achieve leadership in the segment of cost-efficient cars.

The French automaker has recently merged with Italian-American carmaker Fiat Chrysler in a $50 bln deal. The new group has rebranded into Stellantis.

Stellantis thus becomes the world’s fourth-biggest carmaker, and unites brands such as Fiat, Jeep, Dodge, Ram and Maserati with the likes of Peugeot, Opel and DS.