Stellantis , on Wednesday said it would invest more than 300 million euros ($300 million) on Morocco's Kenitra plant to double local production capacity.
, on Wednesday said it would invest more than 300 million euros on Morocco's Kenitra plant to double local production capacity.
The car maker said in a statement after a meeting with government officials in Rabat that it would introduce a "smart car" platform at the plant, as it strives to reach a market share of more than 22% in the region by 2030. Stellantis' growth plans for Middle East and Africa envisage a production capacity of one million vehicles per year by 2030.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Brooklyn Studios – Premium student accommodation in Pretoria from R7,300 per monthBrooklyn Studios will offer world-class apartments and amenities for students who want the perfect university experience.
Read more »
MTN, Ericsson partnership accelerates MoMoMTN’s mobile money partnership with ericsson sees MTN MoMo reach new milestones. MTNGroup MTNSouthAfrica Ericsson MoMo MTN MobileMoney
Read more »
Saice wants answers from Ramaphosa about tenders awarded to Chinese JVs.saice_civil has written an open letter to President CyrilRamaphosa questioning the award by SANRAL_za of tenders to joint ventures led by foreign companies, claiming that thousands of local jobs will not materialise as a result. Moneyweb Tenders
Read more »
Saice wants answers from Ramaphosa about tenders awarded to Chinese JVs | The CitizenSaice wants answers on why Sanral awarded tenders on joint ventures to foreign companies, claiming that thousands of local jobs will not materialise. Sanral jobs Click here➡️
Read more »
SA loan deal with France, Germany for clean energy hailed as major step forwardSouth Africa has signed the loan agreements with the two countries amounting to 600 million euros (R10.7 billion) to support South Africa's move away form its reliance on coal.
Read more »
Eskom latest: more outages in SA after plant breakdownEskom will remove 2 000 megawatts from the electricity grid at 9 am. until further notice, after a generating unit at the Duvha power plant broke down and the return to service of another facility was delayed. Moneyweb Loadshedding
Read more »