- Washington “follows with interest” Morocco’s openness onto Africa (John Kerry)Posted 11 years ago
- The trial of South African Paralympic champion Oscar Pistorius opened in Pretoria on Monday.Posted 11 years ago
- USA welcomes efforts of King Mohammed VI in MaliPosted 11 years ago
- Egypt’s population reaches 94 millionPosted 11 years ago
- Mugabe celebrates his 90thPosted 11 years ago
- Moroccan Monarch to Build a Perinatal Clinic in BamakoPosted 11 years ago
- King Mohammed VI handed a donation of bovine semen for the benefit of Malian breeders.Posted 11 years ago
- Moroccan King’s strategic tour to Africa: Strengthening the will of pan African Solidarity and stimulating the south-south cooperation mechanisms over the continentPosted 12 years ago
- Senior al-Qaida leader killed in AlgeriaPosted 12 years ago
- Libya: The trial of former Prime Minister al-Baghdadi AliPosted 12 years ago
Peugeot to launch Production Facility in Morocco
French car manufacturer PSA Peugeot Citroen is planning to build a production facility in Morocco as part of an effort to increase its sales in Africa, following in the footsteps of French rival Renault SA, a source close to the company told Bloomberg news agency.
“The plant would initially have a capacity of fewer than 100,000 vehicles a year, and Peugeot may announce the project publicly as early as June”, according to two people familiar with the matter, who asked not to be named because the talks are private.
The factory might be possibly located near the city of Kenitra.
The first Moroccan-assembled vehicles would come from the middle to lower portion of Peugeot’s product range and be sold in the region, the same source said.
Morocco is familiar territory for Peugeot Chief Executive Officer Carlos Tavares. The former Renault director of operations helped the latter set up its factory in Tangier.
In February 2012 King Mohammed VI inaugurated the Renault-Nissan Alliance factory in Tangiers, specialized in the manufacturing of low-cost cars.
The new factory would be the first wholly owned and operated by Peugeot in Africa. Europe’s second-biggest carmaker’s sales in Africa and the Middle East dropped 25 percent last year to 169,400 vehicles. That was 5.8 percent of its total sales.
