Renault to produce New Symbol model at new plant in Algeria

Article by Anita Panait, on October 10, 2013

Renault has commenced building a new plant in Algeria that will produce the New Symbol low-cost model. The French carmaker is investing EUR50 million in the plant, which will have an annual capacity of 25,000 units. The Algeria site is part of the carmaker’s bid to expand its presence in North Africa and will start completely knocked down production (CKD) of New Symbol in November 2014 for the local market.

It will be operated by Renault Algeria Production, a joint venture between Renault and the Algerian government. Renault expects to expand the site’s capacity to 75,000 units annually and to produce other models there.

The plant, which will manned by a 300-strong workforce -- will be Renault's first in Algeria since it exited the market after the country gained independence from France in 1962.

The New Symbol will be based on the Renault MO platform, which underpins the Dacia Logan. Renault had said the New Symbol would be a rebadged Clio subcompact. Renault is hoping to benefit from the strong growth in North Africa -- Morocco, Algeria, Egypt and Tunisia -- where new-car sales are seen to surge to 880,000 units in 2015, according to IHS Automotive.

Topics: renault, production

If you liked the article, share on:

Comments

Recommended

Mazda seems too far ahead in Safety technology for having four of its vehicles chosen as the safest on the road. Very recently, the Insurance Institute for Highway Safety has...
by - June 22, 2017
The automotive world is intensely competitive given the growing number of players, but the British car manufacturer is adamantly holding on to its spot. The 2018 Jaguar XF Sportbrake, priced...
by - June 22, 2017
Audi’s all-electric supercar, the R8 e-tron, had been discontinued last October after being in the market for under two years. The electric vehicle was then exclusive to the European market...
by - June 22, 2017
Dodge has made it clear to everyone, including its potential buyers, that the Challenger SRT Demon is a street-legal drag car - that it is unlike any of your ordinary...
by - June 22, 2017
After a number of failed attempts, Tesla finally gets an Arizona dealership license by winning a court battle that allows them to sell directly to consumers. The automotive dealer license...
by - June 22, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries