PSA Peugeot Citroen plans to build a car factory in Morocco as part of an effort to increase its sales in Africa, following in the footsteps of French rival Renault SA, two people familiar with the matter said.
The plant would initially have a capacity of fewer than 100,000 vehicles a year, and Peugeot may announce the project publicly as early as June, according to the people, who asked not to be named because the talks are private. The first Moroccan-assembled vehicles would come from the middle to lower portion of Peugeot’s product range and be sold in the region, the people said.
Source: bloomberg.com
The plant would initially have a capacity of fewer than 100,000 vehicles a year, and Peugeot may announce the project publicly as early as June, according to the people, who asked not to be named because the talks are private. The first Moroccan-assembled vehicles would come from the middle to lower portion of Peugeot’s product range and be sold in the region, the people said.
Source: bloomberg.com
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