First Independent Mena Newspaper
The Madrid-based company Gestamp, which specializes in the design, development and manufacture of highly engineered metal components for the automotive industry, has unveiled plans to build a plant in the Moroccan town of Kenitra, located around 40 km away from Rabat, next to the plant that PSA is building in the town. The facility 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 […]
French automaker PSA-Peugeot Citroen announced that it will reach a production capacity of 100,000 cars by 2019 in its Kenitra plant, that is a figure 10,000 higher than the previous expectations. “We have announced that 90,000 cars will be made in the first phase, but in reality we can reach an annual production capacity of […]
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 […]
“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 […]
After attracting large-scale investments by automotive giants such as Renault and Peugeot, Morocco is on its way to launch two plants by two other car manufacturers in a bid to reach its production goal of 1 million cars annually, highlights Automotive News, a news website specializing in the car industry. The website quotes an adviser […]
French company Faurecia, a world leader in car parts manufacturing, is planning to build in Morocco its third plant specialized in car interiors and emissions control devices. The plant will open its doors next year in the coastal city of Kenitra, Faurecia Chief Executive Patrick Koller said in a statement, following the inauguration of the […]
Moroccan automotive industry is gaining momentum and growing at a rapid pace due to incentives and competitive factors attracting more and more investors and makers of car parts. These factors include Morocco’s proximity to European market, modern infrastructures, free trade zones, qualified cheap manpower, open economy and stability. French car manufacturer Peugeot-Citroën has just launched […]
The automotive industry in Morocco has become the leading export sector, thanks notably to the investments of French automaker Renault Group that celebrated the export of 1 million vehicle made in its Moroccan plants of Tangier and Casablanca. “Renault is a success story that we would like to duplicate in other sectors,” said Industry and […]
Managers of Morocco’s Renault factories in Tangier and Casablanca voiced satisfaction at the steady growth of their exports, which target 73 destinations. CEO of Renault’s Morocco group, Mark Nassef said in a press conference that the French car manufacturer exported 303.892 cars made in Morocco in 2016 compared to 256.537 cars in 2015. He noted […]