Renault is looking to Africa for growth, pushing rugged, no-frills models like the Dacia Logan as its sales decline in Europe faster than any other major carmaker. As part of the expansion, the French manufacturer and its partner Nissan Motor Co. (7201) are ramping up production at a 1 billion-euro ($1.3 billion) plant in the Moroccan port city of Tangier.
The new factory in Algeria will assemble models in the same segment as Renault's Symbol, a sedan based on the Clio compact.
http://www.bloomberg.com/news/2012-12-18/renault-plans-to-build-factory-in-algeria-in-african-growth-push.html
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