French Company Launches Africa’s Largest Automobile Manufacturing Project in Morocco

The French car manufacturer, Renault, has launched with great pomp the largest automotive manufacturing platform in Africa, with a nearly €1.2 billion investment in Tangier, northern Morocco. The project, which should be operational in early 2012, has...

AvtoVAZ, Russia’s Largest Car Maker May File for Bankruptcy

Russia’s largest car producer, AvtoVAZ, has announced it may have to file for bankruptcy due to losses and spiraling debts, but that production will not be halted. Executive vice-president Oleg Lobanov told reporters: “In such an event, we...

Celebrities in the U.K. Give It Some Welly for Action Medical Research

Nick Hewer and Margaret Mountford from The Apprentice, along with Davina McCall are all wearing their wellington boots this Friday to support the UK’s leading research charity Action Medical Research. How People Arrived Here: i wear wellingtons,...

Morocco Lays Foundation for New Northern City of Chrafate

Morocco on Thursday laid the foundation of a new northern city called Chrafate with an investment of 24 billion dirham (US$3 billion) to house 150,000 people by 2020.

25% Stake in Russian Carmaker AvtoVAZ to be Sold to Renault

A 25% blocking stake in Russia’s largest carmaker AvtoVAZ will be sold to French giant Renault, a spokesman for the state-run arms exporter said on Friday. Rosoboronexport, which holds a 75% stake in AvtoVAZ, said the agreement would be signed on...