Automotive

Auto Hall, a company listed on the Casablanca Stock Exchange, announced it has signed a partnership agreement with the Chinese group ZNA (Dongfeng Motors Group), a contract for the assembly and distribution of Dongfeng-branded light commercial vehicles in Morocco and more African countries. Details of the agreement are not known, but it should allow the Moroccan company, to strengthen its turnover at the end of 2013 showing an increase of 8%, of approximately 3 billion dirhams. As a reminder, Dongfeng Motors is a car company that manufactures buses, trucks and cars, partly under his name and partly in joint ventures with various companies. It is worth noting that this is the same company who also signed last week an agreement with the French automobile manufacturer Renault for joint venture production of some of its brands.