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Renault-Nissan to invest one billion euros in Moroccan factory

TANGIERS (AFP) — Renault-Nissan head Carlos Ghosn on Saturday signed a deal to build an assembly plant here, with a planned investment of one billion euros (1.36 billion dollars) and final capacity of 400,000 vehicles.

"The sum of the capacity investments planned for this project is today estimated at 600 million euros, with a first phase at 350 million euros," Ghosn told a news conference here.

Monday 3 September, 2007 11:00 AM

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