Automotive industry in Morocco

This article is written like a personal reflection, personal essay, or argumentative essay that states a Wikipedia editor's personal feelings or presents an original argument about a topic. Please help improve it by rewriting it in an encyclopedic style. (December 2016) (Learn how and when to remove this message)

The Moroccan automotive industry is led by investment by French Renault-Nissan Alliance and PSA Group car companies. BYD leads the Chinese investment in Morocco. Investment is encouraged by the Moroccan government by removing certain taxes in the first five years^[1] in order to encourage the companies to come. Fiat ended its production role in Morocco in 2003 by selling its stake in Somaca to Renault. There is a small local manufacturing industry including Laraki.

Morocco has signed deals for 26 auto industry projects worth a total of €1.23-billion ($1.45-billion) as it seeks to build its position as an international hub for the sector. The projects announced on Monday are with companies from France, Spain, Italy, China, South Korea, Japan and the US, and are expected to create more than 11 500 jobs, the government statement said.

Morocco expects to produce one million vehicles with a local integration rate of 80% by 2020. Against 650,000 currently, the achievement of a rate of local integration of vehicles leaving Morocco by 80% and a turnover of 10 billion euros, with the aim to create 160,000 jobs.