Renault CEO: Morocco to be major production center


United News of India

Morocco will become a major production center for the French car manufacturer Renault in the coming few years, CEO of Renault Group Carlos Ghosn here said. Renault’s two factories in Casablanca and Tangier will reach a production capacity of 500,000 vehicles per year, CEO Ghosn said at World Policy Conference (WPC), Xinhua reported.

He noted that Tangier plant has already become Africa’s leading production plant with 340,000 cars produced every year, adding that 60 per cent of the cars are exported abroad. The automotive sector in Morocco has a current domestic sourcing rate of more than 50 per cent and employs 85,000 people.

Organised on Oct 25-28, the WPC brings together top-level decision-makers, academics and opinion leaders from over 40 countries.