403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
French Peugeot to build USD630m factory in Morocco
(MENAFN) PSA Peugeot Citroen, the French automobile maker, is ready to construct a USD630 million factory in Morocco in order to reduce its costs and its dependence over Europe, Reuters reported.
The factory at the coastal city of Kenitra will start assembling small and subcompact models for Africa and the Middle East in 2019, as Peugeot looks to branch out into lower-cost vehicles and emerging markets, according to the company's chief executive.
"Africa and the Middle East are historic markets for PSA and the region is expected to become a profitable driver of our internationalization," CEO Tavares said in a statement on Friday.
The factory at the coastal city of Kenitra will start assembling small and subcompact models for Africa and the Middle East in 2019, as Peugeot looks to branch out into lower-cost vehicles and emerging markets, according to the company's chief executive.
"Africa and the Middle East are historic markets for PSA and the region is expected to become a profitable driver of our internationalization," CEO Tavares said in a statement on Friday.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
More Story
Comments
No comment