BERLIN—Auto manufacturers are betting on Africa as the next growth frontier, and they’re building a new production hub to power it. In a rare industrialization success story for the continent, some of the largest car makers have been transforming North Africa into the world’s newest car-manufacturing cluster. Volkswagen AG, Renault SA, Peugeot SA, Hyundai Motor Co. and Toyota Motor Co. have invested billions in Africa in recent years, drawn by growth prospects that maturer auto markets no longer offer. New-car sales in the...

Source: Wall Street Journal September 30, 2018 15:56 UTC