Renault CEO to sign Morocco factory deal-report


PARIS, Aug 31 (Reuters) - Carlos Ghosn, the chief executive of French carmaker Renault , will go to Morocco on Saturday to sign a deal to build a new factory that could produce up to 200,000 cars a year, a French newspaper said.

French daily Les Echos reported on its Web site that the new factory would be situated near the northern city of Tangier and would build Renault and Nissan branded cars.

A Renault spokeswoman said the company had no comment to make on the report.

Renault already has a major presence in Morocco, where it produces the low-cost Logan car.

Renault shares closed up 0.8 percent at 99.02 euros on Friday. The stock has risen nearly 10 percent since the start of 2007, less than a 30 percent increase in the DJ Stoxx European automotive sector over the same period.



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