PSA will invest €557m in an all-new engine and car production plant in Morocco and intends to produce some 90,000 units by 2019 and ultimately some 200,000. This plant is in addition to the facility in Nigeria and also to the newly negotiated activities in Iran (once sanctions are lifted).
Management believes that African/Middle Eastern demand for the group’s cars will be 1m units by 2025, i.e. about six-times the 169,391 vehicles sold there in 2014. The contract signed requires an initial lo ....
