First Independent Mena Newspaper
Algeria wants to develop a car industry but it wants it fast and without meeting the pre-requisite: a competitive industrial cluster or ecosystem of local part suppliers. In 2019, after his election, Algerian President Tebboune had criticized car industry professionals in his country accusing them of practicing “disguised imports” due to the very low sourcing […]
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 […]
Morocco’s automotive industry is the most attractive market in the MENA region for production opportunities, said Fitch Solutions Foundation in its latest report. “Morocco is the top ranked MENA market in our Autos Production Risk/Reward Index, thanks to a robust outlook for production growth, low labor costs and positive industry policy”, added the Fitch think-thank, […]
The struggling car industry on which Algeria pinned hopes to jump start its industry has received another bad news with the shutdown of a Kia assembly plant on the footsteps of Volkswagen. Long described as “disguised imports” Algeria’s policy of attracting car assembly plants since 2012 has so far showed disappointing results and came up […]
Morocco keeps attracting global car parts manufacturers thanks to the infrastructure and business climate it offers. Yazaki is one of the Japanese car part manufacturers who grabbed the investment opportunities offered by Morocco as a platform for exports to Europe and Africa. The company, which opened its first Moroccan plant in Tangier in 2000, is […]
Morocco was listed among the top three most promising markets for the automotive industry, said Spanish insurance company “Crédito y Caucion” in a recent study. Morocco was ranked along with the Czech Republic and Vietnam as most performing emerging automotive industry markets, offering attracting investment opportunities to carmakers in 2018. “Morocco succeeded in few years […]
Algeria has announced its plan to increase its car production capacity to 260,000 by 2018, a goal that remains hard to attain in light of the absence of a clear-cut strategy. The development of the car industry sector in Algeria was an attempt to reduce the country’s soaring import bill. Algeria imported 605,000 cars in […]
Morocco’s plans to become a major global carmaker are progressively turning into a tangible reality. The sustained growth of its expanding automotive sector is “an inspiring success story”, draining more investments and manufacturers that enhance the country’s automotive eco-system. The soaring exports of Morocco-made cars attests to the transition of the Moroccan economy from traditional […]
Morocco continues to steadily expand its car industry fabric, a fact that confirms the country’s leading position in relation to high added-value activities and the confidence it enjoys on the part of international investors. After the Memorandum of Understanding signed Saturday between Morocco and Chinese electric vehicle maker BYD related to building a production site […]
“Disguised imports”. It is thus that critics have described Algeria’s policy to set up car assembly plants. Since 2012, Algeria has been trying to attract foreign investments by automotive giants in order to reduce its imports bill, but the results so far are disappointing. Indeed, the opening of a car assembly plant by Volkswagen in […]