Keywords: Automotive sector
Volkswagen's efforts to advance a broad restructuring plan remain clouded by uncertainty after high-level discussions with key stakeholders concluded without clear announcements on the company's proposed cost-cutting measures. A meeting of the German automaker's supervisory board ended late......
The Franco-German defence company KNDS is reportedly in discussions to take over industrial facilities owned by major German carmakers, as the defence sector seeks to expand production capacity. According to media reports, KNDS is in talks with Mercedes-Benz Group regarding the possible acquisition......
Italian braking systems manufacturer Brembo has upgraded its financial outlook for the year, citing stronger-than-expected resilience despite recent global supply chain disruptions linked to geopolitical tensions. The company now anticipates a 3% increase in annual revenue at constant exchange rates,......
Morocco's automotive sector delivered a strong export performance in the opening quarter of 2026, with sales abroad reaching nearly 42 billion dirhams by the end of March, a 12.1% increase compared to the same period a year earlier. The figures, released by the Office des Changes in its latest monthly......
Indian battery manufacturer Exide Industries Ltd reported a significant increase in its quarterly performance, supported by strong demand from the automotive sector and favorable tax policies. The company benefited from sustained growth in vehicle sales across multiple segments, including two-wheelers,......
Stellantis revealed Thursday it will record about €22.2 billion in charges as part of a sweeping business reorganization, admitting the automaker vastly overestimated electric vehicle adoption rates and alienated customers in the process. This massive write-down ranks among the largest one-time......
Renault Group has reaffirmed its commitment to improving labor conditions and supporting worker rights in Morocco through the signing of new collective agreements. These agreements encompass all industrial and commercial entities operated by the group in the country. On Wednesday, Renault signed agreements......
Jameel Motors, a global automotive distributor, has signed an agreement with Jiangling Motors Corporation (JMC) to introduce the Chinese automaker’s full range of light commercial vehicles (LCVs) to Morocco. The deal marks a significant milestone for both companies as they expand into Morocco’s......
Austria’s Hirschmann Automotive has officially opened a new factory in Oujda Technopole, located in Morocco’s Oriental region. The facility, spanning 22,200 square meters, is part of the “Cleantech” industrial acceleration zone and represents an investment of MAD 180 million.......
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