Mexican Media Brands
Renault, Suppliers Plan $1 Billion Supply Base in Morocco
Renault SA and at least 15 of its key suppliers plan to invest a combined $1 billion to develop a supply network to support the carmaker’s two assembly plants.
Share
Renault SA and at least 15 of its key suppliers plan to invest a combined $1 billion to develop a supply network to support the carmaker’s two assembly plants.
The goal is to double local content for Renault’s output to 65% and generate about $2 billion in revenue for the suppliers, according to the news service. It says Morocco expects its annual auto exports to reach $10 billion by 2020.
Renault operates two auto plants in Morocco. It opened a €1 billion factory near Tangier four years ago that makes the Dacia Lodgy MPV, Dokker panel van and Sandero sedan. About 85% of the plant’s output is exported. The company also assembles the Sandaro and Dacia Logan cars at its 53-year-old plant in Casablanca.
RELATED CONTENT
-
GM Develops a New Electrical Platform
GM engineers create a better electrical architecture that can handle the ever-increasing needs of vehicle systems
-
On Automotive: An All Electric Edition
A look at electric vehicle-related developments, from new products to recycling old batteries.
-
Plastics: The Tortoise and the Hare
Plastic may not be in the news as much as some automotive materials these days, but its gram-by-gram assimilation could accelerate dramatically.
