Despite a Major Setback in Morocco, Renault Surprises with Strong Revenue Growth
The French automaker largely defied expectations in the first quarter. Despite severe weather paralyzing its Moroccan logistics, the group posted strong revenue growth, driven by the success of its global strategic partnerships.
The group’s sales volumes nevertheless suffered a major slowdown at the start of the year. The closure of the Strait of Gibraltar to maritime traffic, caused by severe weather, blocked parts supplies to the factory located in Morocco and slowed the shipment of finished vehicles from that site. This logistics incident heavily penalized the budget brand Dacia, whose sales fell 16.3% over the period. Despite this slowdown linked to Moroccan assembly lines, the company’s overall revenue jumped 7.3% to reach €12.53 billion, crushing the modest increase expected at €11.69 billion, as Reuters notes.
On Bladi.net : Automobile sales: the Moroccan market jumps more than 35% in 2025, driven by Dacia and Renault
This financial resilience is explained by the explosion in volumes destined for allied companies. The manufacturing of the Nissan Micra and the distribution of Geely models in Brazil largely compensated for the deficit in finished vehicles of its own. The financial director, Duncan Minto, praised the efficiency of this model: "This is once again a demonstration of the competitiveness of our offering, because there are partners who source from us to benefit from the strong competitiveness of our cars." Led by its new chief executive François Provost, the automaker is maintaining its financial targets for 2026 and now aims to sell more than two million vehicles annually by 2030 in the face of fierce Chinese competition.
Related Articles
-
220 dirhams on construction sites, up to 400 in the fields: Morocco lacks workers
25 August 2026
-
This Israeli company equips defense giants and also has clients in Morocco
24 August 2026
-
After three days in Algeria, a sanctioned Russian ship passes near Morocco
24 August 2026
-
In Brussels, a Moroccan name and being over 50: the profile most disadvantaged in hiring
24 August 2026
-
Morocco Has a New Billionaire Forbes Has Yet to Spot
24 August 2026