The Renault Nissan Alliance signs a memorandum of understanding with the Moroccan government for the creation of an industrial complex in the new free-trade port near Tangiers to build up to 400,000 vehicles annually. Initial planned capacity of 200,000 units annually would begin in 2010. The Alliance says in a statement the planned investment for the project is estimated at €600 million ($818 million), with a first phase of €350 million ($476 million). “In addition to this amount, a ...
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