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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% […]

Morocco to manufacture Opel electric cars

Stellantis group has announced that its supermini electric car Opel Rocks-e will be produced in PSA plant in Kenitra where Citroen Ami is also manufactured. Stellantis was created in January 2021 after a merger between Fiat Chrysler and PSA. The group is now the world’s fourth-largest car manufacturer with eyes set on promoting the shift […]

Israel: Leviathan gas deal approved amidst criticisms

The Israeli cabinet approved the deal signed between Israel and a consortium including U.S. firm Noble Energy on the production of natural gas at the offshore Leviathan field located in the Mediterranean amid criticisms that it is detrimental to the interest of the average Israeli citizen because the conditions of the deal do not encourage […]