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Magna, Altran launch automotive engineering JV in Morocco

Magna, Altran launch automotive engineering JV in Morocco

Business news |
By Christoph Hammerschmidt



The Magna Group for complete vehicle development and production and the provider of engineering and R&D services, Altran, each hold 50 percent in the new joint venture. Under the name MG2, the joint venture based in Casablanca, Morocco, combines the complete vehicle know-how and process competence of Magna with the strengths of Altran as a locally established partner. Initially, around 500 engineers from both companies will work locally for the joint venture.

“The availability of comprehensive engineering know-how, proximity to Europe and growing OEM presence make Morocco an ideal location for this new Engineering Center,” commented Karl-Friedrich Stracke, President Automotive & Engineering Magna Steyr.

Morocco is only separated from the European continent by the 14 km wide Strait of Gibraltar. It is thus regarded as an ideal basis for the cost-effective production of European export vehicles. Morocco’s declared goal is to build one million vehicles per year by 2025. To achieve this goal, automobile manufacturers have already been won over and investments have been made in new production facilities.

 

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