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NewsGroupe PSA results show significant losses in China and Iran
Groupe PSA has released worldwide sales results for the first half of the year that show a decline of 12.7% on the same period in 2018, down to 1.9m vehicles, principally caused by the suspension of the carmaker’s activity in Iran and losses in China…
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NewsRenault returns to Nigeria with Coscharis
Renault has outlined plans for the distribution of four vehicles in Nigeria from October this year, which includes local joint venture production from semi-knockdown (SKD) kits of two models and the import of finished vehicles from Brazil…
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FeatureDocking defections
Nigeria has lost its claim to being home to the busiest port in West Africa as a consequence of chronic traffic congestion, corruption and inefficiency. The crown has passed from Apapa, in the state of Lagos, to the port of Lomé, in Togo. Data from Dynamar, a Dutch maritime intelligence ...
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FeatureSupply lines key to new Nissan plant in Algeria
Nissan is looking to develop a components supply chain in Algeria to support the construction of its new car plant in the North African country with local partner Groupe Hasnaoui.“Using our Japanese engineering expertise, we will build a manufacturing hub and work to develop the supplier industry,” said Peyman Kargar ...
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FeatureVolkswagen to establish business in Ethiopia
German carmaker Volkswagen has signed a Memorandum of Understanding (MoU) with the Ethiopian government to establish its automotive business in the African country. Thomas Schaefer, head of Volkswagen Sub-Saharan Africa, signing the MoU with Abebe Abebayehu, commissioner of the Ethiopian Investment Commission, in Addis Ababa. With them are the president ...
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FeatureSovac starts assembling SKD kits for Audi in Algeria
Audi has begun assembling vehicles at the Relizane plant run by its long-time Algerian partner, Sovac, from semi-knockdown (SKD) kits prepared at the OEM’s Ingolstadt plant in Germany.“[All models] are built at the main plant in Ingolstadt and transported to Barcelona, where they are knocked down into individual assembly groups ...
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FeatureRussia increases component exports
Several automotive manufacturers in Russia are increasing component exports in line with plans announced at the beginning of this year.Joint venture Ford Sollers has doubled the number of different part lines it exports to the EU to 100 this year (compared to 50 in late 2017) and said it plans ...
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FeatureGefco buys GLT to strengthen service between Morocco and Europe
Gefco has bought Moroccan road haulage company GLT for an undisclosed sum in a move designed to strengthen its service between Europe and Morocco, including for the automotive industry. Gefco’s division in Spain will own and manage GLT.GLT has been operating as a specialist in logistics flows through the strait ...
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FeaturePSA Group signs agreement to create manufacturing facilities in Algeria
PSA Group has signed an agreement in Algeria for a production joint venture in which it will invest €100m ($118m) and take a 49% interest.The agreement was signed as part of the France-Algeria joint economic committee (COMEFA), in the presence of Youcef Yousfi, Algerian minister of industry and mining, and ...
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FeatureVW begins assembly at joint venture plant in Algeria with Sovac
Following last November’s announcement that VW was setting up a joint venture with its local partner in Algeria, Sovac, for the assembly of VW Group vehicles, the two companies have held an inauguration of the plant in Relizane, 280km south of the capital Algiers.VW will begin by supplying semi knockdown ...
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FeatureVolkswagen to start assembly in Algeria in Sovac joint venture
Pictured from left: Dr. Josef Baumert, member of the Volkswagen Commercial Vehicles board of management responsible for production and logistics; Abdesselam Bouchouareb, Algerian minister of industry; and Mourad Oulmi, CEO of SovacVolkswagen is setting up a joint venture with its local partner in Algeria for the assembly of VW, ...