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Renault-Nissan in Moroccan agreement

Renault-Nissan has signed a preliminary deal with the Moroccan government to build a manufacturing complex in northern Morocco with a capacity of producing 400,000 cars a year.
The French car firm and the North African kingdom will conduct a feasibility study for the plant; Renault-Nissan plans to invest a total of €411 million in the project and surrounding complex.

The complex would create 6,000 jobs and have an initial capacity of 200,000 vehicles a year in 2010, before eventually expanding to 400,000. The proposed factory would make low-cost Logan cars and other vehicle for Renault, Nissan and Romanian affiliate Dacia.
Moroccan King Mohamed presided over the signing ceremony between Moroccan Prime Minister Driss Jettou and Renault-Nissan CEO Carlos Ghosn.

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