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Renault CEO faces parliamentary scrutiny over compensation amid French industrial challenges

In a tense session at the French National Assembly, Renault CEO Luca de Meo defended his 5.5 million euro compensation package while addressing concerns about the future of the company's former subsidiary, Fonderie de Bretagne. The hearing highlighted the stark contrast between executive pay and......

EU backs French battery plant with €48 million boost for electric Renault icons

The European Commission has approved a €48 million grant to support Envision AESC's construction of a battery manufacturing facility in Douai, northern France. The plant will produce batteries for the upcoming electric versions of Renault's iconic 5 and R4 models, marking a significant step......

Spanish enterprises shift operations to Morocco: A strategic exodus of 360 companies

In a significant business migration trend, over 360 Spanish companies have relocated their production facilities to Morocco, according to a recent report by the Spanish Institute for Foreign Trade and Investment (ICEX). This strategic move appears to be driven by companies seeking to navigate European......

SOMACA Begins Production of Renault Kardian for Domestic and Export Markets

SOMACA's historic factory in Casablanca marked the commencement of Renault Kardian production on Friday, in the presence of Minister of Industry and Commerce, Ryad Mezzour. This new compact SUV, aimed at both the local market and export to around fifteen countries, will be available in Morocco from......

Stellantis CEO Highlights Morocco’s Rising Threat to Spanish Auto Factories

Morocco aims to increase its vehicle production to one million units per year by 2025, up from the current 700,000, as part of its ambitious automotive industry growth strategy. During a recent media briefing at the 2024 Paris Motor Show, Carlos Tavares, CEO of Stellantis, praised the performance of......

Paris Motor Show 2023: Four Must-See Innovations Shaping the Future of Automobiles

The Paris Motor Show, set to open its doors from October 15th to 22nd at Paris Expo, promises to be a showcase of tomorrow's automotive technology. While no longer a mandatory stop for global manufacturers, who can now leverage social media for their communications, several brands are expected to......

Morocco Accelerates to the Top of African Car Production

In a significant shift within Africa's automotive landscape, Morocco has overtaken South Africa as the continent's premier car manufacturer. This development, reported by L'Économiste, marks a pivotal moment in the industry's history and signals a new era for North African manufacturing......

Renault Group Taps Industry Veteran to Steer Moroccan Operations

In a significant move to bolster its presence in the North African market, Renault Group has appointed Thibault Paland as the new Managing Director of Renault Commerce Morocco and Head of Dacia Maroc, effective July 1, 2024. This strategic decision underscores the French automaker's commitment to......

Morocco's Milestone: Renault Tangier Plant Begins Production of First Hybrid Vehicle

The Renault Group factory in Tangier has embarked on a groundbreaking venture with the production of the Dacia Jogger, marking the first hybrid vehicle manufactured in Morocco. This milestone underscores Morocco's pivotal role in Renault's industrial strategy and showcases the robust partnership......