ALGERIA: French President says Renault deal will see more domestic jobs
French President, Francois Hollande, insists this week's Renault agreement to build vehicles in Algeria will not be at the expense of domestic employment.
The deal will see Renault and Algeria's Entreprise Nationale des Vehicules Industriels (SNVI), in collaboration with the country's Fonds National d'investissement (FNI), produce cars in the country from 2014, but Hollande's comments add to those made by his Economic Redevelopment Minister, Arnaud Montebourg, who is also looking to head off any union unease surrounding so-called 'delocalisation.'
The Renault announcement formed an important part of the State visit to Algeria by the French President, who highlighted the importance of building bridges with Algeria some 50 years after the end of colonial rule from Paris over its southerly neighbour.
"Renault has signed an important agreement to produce a car in your country destined for the local and regional market and I was going to say even international," Hollande said during his State visit to Algeria, which ended yesterday (21 December).
"This is not delocalisation, no French business has come to work [here] to the detriment of French jobs, Renault is looking to build vehicles so there are more jobs in Algeria and more jobs in France.
"This is a good agreement we have been able to conclude on the economic side and it is within the declaration of productive partnership that marks this idea of co-production between our two countries."
Hollande also hinted more deals could be in the pipeline as France looks to improve relations with its Mediterranean neighbour some fifty years after its colonial rule ended.
"450 French businesses, large groups, but also SMEs, directly employ 40,000 people, even 100,000 indirectly, in Algeria [and] we can do more," added the President.
"France is the number one investor on Algerian territory, that I congratulate, but we can do even better."
Shrugging off French air traffic controllers' strike action, this week saw many of the industry's top executives gather for Automotive News Europe's Congress in Paris. Here is a brief snapshot of what...
Dacia, Renault's budget car brand, is playing its part in helping Renault to maintain margins in Europe's cut-throat car market, according to Renault's entry range programme director....
SoVAB, or Société des Véhicules Automobiles de Batilly, a wholly-owned Renault subsidiary located in Batilly, Meurthe-et-Moselle (France), has made 2m large commercial vehicles since 1980....
The Chinese ministry of environmental protection has approved Dongfeng Renault's plan to set up a vehicle plant in Wuhan, Hubei province....
The current Volkswagen Passat for European markets, launched in 2005, will not be replaced until "late 2014 or early 2015", a company insider has told just-auto.com....
The Renault group increased its share of the French passenger car market 0.7 points year on year for a 23.2% share but the automaker's regional chief branded results "unsatisfactory"....
Brazilian auto sales rose in May from a year earlier, bolstered by government tax cuts to support the local car industry, sources who have seen preliminary sales data told Reuters....
- COMMENT: Volvo's US sales surge as China reverses
- China's economic turbulence worries auto industry
- THE WEEK THAT WAS: Trouble in Tianjin
- Baking Kias at 45C
- Key trends in the automotive air-con market
- Land Rover develops 'see-through trailer' concept
- UPDATED IAA debuts list: BMW plug-in 2AT added
- Brazil Four losing sales faster than industry rate
- Uber hires car hacking engineers
- Suzuki-VW dispute over
- Ford Motor Company (F) - Financial and Strategic SWOT Analysis Review
- General Motors Company (GM) - Financial and Strategic SWOT Analysis Review
- Global light vehicle engine technologies market- forecasts to 2030
- Global light vehicle safety systems market- forecasts to 2030
- Global heavy trucks market