Sunday, 20 January 2008
Renault-Nissan set to consolidate brand domination in Morocco
Renault-Nissan has signed an agreement with the Moroccan government to invest euro 600 million in building a manufacturing complex near Tangiers, on which work will commence next month. The site will initially produce 200,000 vehicles per year from 2010, rising to 400,000 vehicles per year once the plant is completed. Renault-Nissan owns the leading automotive brands in Morocco, with a remarkable market share of 30.1%.