First Independent Mena Newspaper
The American group specializing in the manufacture of automobile seats and electrical and electronic systems has inaugurated a new factory in Meknes that adds to the 15 units the US group already operates in Morocco. The new site, which required an investment of $18.3 million (200 Million DH), was built on an area of 54,000 […]
Motherson has inaugurated a new facility in Tanger Med Industrial Platform, Morocco, replacing the existing Tétouan site, which was established in 2010. According to a press release from Motherson, this new facility is a part of its Modules and Polymer Products division and will produce interior modules and components like instrument panels and door panels […]
The exports of Moroccan automotive sector increased by 24.4% to over $4 billion during the past five months against $3.2 billion recorded the same period of last year, according to latest data released by Moroccan Foreign Exchange Office. However, the share of car sales in total exports slightly drops to 23.4% end of May 2022 […]
Italy’s automotive giant, Fiat, will resurrect its Topolino model in electric version based on Citroen Ami, already being manufactured in Kenitra plant in Morocco. Fiat is part of Setllantis group which also controls PSA, Citroen and Opel and has a factory in Kenitra. Just like the Ami, the Topolino is expected to be sold in […]
Japanese Sumitomo Electric Industries has decided to move its production of automotive wire harnesses to Morocco and Romania due to the Russian-Ukraine war and heightened risks in this European zone. The decision was reported Monday by Japanese financial newspaper Nikkei, saying the move will enable the manufacturer of electric wire and optical fiber cables to […]
Turkish automotive supplier Martur Fompak International inaugurated an industrial plant on Tuesday, March 1 in Tangier Automotive City. Built over 38,487 m², the plant required an investment of more than $35.6 million (340 million dirhams) and will allow the creation of 1,150 jobs. Located in one of Morocco’s biggest industrial zones, the factory […]
Morocco’s car industry sales rose 16% to stand at 84 billion dirhams, or $9 billion, contributing largely together with phosphates and agri-food products to a significant rise in exports. Morocco is home to two plants of French carmakers PSA and Renault as well as car part suppliers. Last year’s car exports outperformed pre-pandemic levels posted […]
Morocco has developed one of the globe’s most competitive automotive industry hubs and prepares to raise production to 1 million cars annually, US magazine “Automotive Industries” said recently. In a special issue on the car industry in Morocco, the media explained how Morocco was leveraging its ready access to the European automotive market with an […]
Morocco has achieved two years ahead in 2018 the goals it pinned on the automotive industry, notably in terms of turnover, exports, local sourcing and jobs. Thanks to an ambitious industrial acceleration plan that spurred public-private partnership and encouraged investments by global suppliers, Morocco’s automotive industry achieved the goals set for 2020 two years ahead, […]
Japanese Corporations Yazaki, which makes car components, and Sumitomo Electric Industries will set up four plants in Morocco for a $103 million investment. These plants will create 8300 jobs and support Morocco’s car industry. The two Japanese groups signed on Tuesday separate agreements with Moroccan authorities in a ceremony chaired by Minister of Industry and […]