Thursday, August 9, 2012

Renault plans major invest in Africa as European market slumps

As rival automakers move cautiously into Africa, Renault SA is building the continent’s biggest assembly plant in a bet that buyers there are poised to shift away from buses and used cars.

The French manufacturer and its partner Nissan Motor Co. are ramping up production at a 1 billion-euro (US$1.2 billion) plant in the Moroccan port city of Tangier.

Renault has also laid the groundwork for a factory in Algeria, though there’s no timetable for its construction.

“Africa is

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