Morocco
Morocco's Automotive Exports Drop 10% in 2020, Leading Trade Decline
Automotive exports , Morocco’s leading export sector for seven years, amounted to 72.18 billion dirhams (MMDH) in 2020, down 9.9% compared to 2019.
Topic
Automobile
Morocco
Renault Group Sales Surge in Morocco, Ranking 9th Globally in First Half 2021
Morocco remains a vast commercial and strategic base for the Renault Group. In the first half of 2021, the Kingdom ranks, for the first time, in the Top 10 of the Renault Group’s main markets worldwide.
Morocco
Casablanca Motorists Protest Surge in Illegal Parking Attendants
The phenomenon of fake car guards is growing in Casablanca . Motorists, who can no longer stand being scammed by these individuals who operate illegally, have expressed their frustration. They are calling on the authorities to take responsibility and put an end to these abuses.
Morocco
Morocco's Car Rental Industry Faces Crisis as Fleet Shrinks and Debts Mount
The situation is not improving in the car rental sector in Morocco despite the battery of measures taken to boost tourism. Aging vehicles and pressure from credit companies, some are being pushed into bankruptcy.
France
French Industrial Supplier Mabéo Expands in Morocco with New Tangier Subsidiary
Present in Morocco for two years, the French Mabéo Industries is expanding its activity in the country. It has just created a new unit in Tangier.
Morocco
Morocco's New Car Sales Surge 16.4% Above Pre-Pandemic Levels in First Half of 2021
Some 94,025 new cars were sold in Morocco in the first half of 2021, an increase of 16.4% compared to the same period in 2019. This was reported by the president of the Association of Automobile Importers in Morocco (AIVAM).
Morocco
Morocco's Automotive Exports Surge 49.5% in Early 2021, Matching Pre-Pandemic Levels
Automotive exports reached 35.4 billion dirhams during the first five months of 2021, an increase of 49.5% compared to the same period in 2020.
Morocco
Morocco's Trade Deficit Widens 10.4% as Exports Surge in Early 2021
The trade deficit reached 80.95 billion dirhams at the end of May 2021, an increase of 10.4% compared to the same period in 2020. This is what emerges from a note from the Office of Exchange on the monthly exchange indicators for the month of May 2021.
Morocco
Tesla Expands Supply Chain to Morocco: STMicroelectronics to Manufacture Parts
Billionaire Elon Musk’s Tesla automotive brand parts will be partly manufactured in Morocco. In charge, the American company STMicroelectronics, based in Bouskoura in the Casablanca region.
Morocco
Morocco's Export Boom Drives Economic Recovery, Current Account Deficit to Narrow
Morocco will record a current account deficit of 3.8% of GDP at the end of this year before easing to 2.6% in 2022. Driven by the automotive, electronics or phosphate sectors, exports are expected to grow by 14.5% in 2021, then increase by 5.6% in 2022.
Morocco
Morocco's Automotive Exports Surge to $8 Billion, Challenging Global Competitors
The automotive sector is booming despite the Covid crisis. Exports generate a turnover of 80 billion dirhams. With a high production capacity of high-quality vehicles, the kingdom aspires to compete with countries like India and China.
Morocco
Morocco Cracks Down on Personal Use of Government Vehicles
The anarchic use of service vehicles in the public administration is over. From now on, any beneficiary civil servant must use them only for professional travel and for home-to-work journeys. A register is deposited in the municipalities and local administrations to collect the number of kilometers traveled and the amount of fuel consumed.