PARIS -- Stellantis has reached a preliminary agreement with South African authorities to build a production site, its first in the country, by the end of 2025. Under the deal, the new plant will be set up in one of South Africa's special economic zones, the automaker said in a statement. Stellantis currently has nine plants in its MEA region, which groups 80 countries including Turkey and Pakistan. The new plant is expected to produce vehicles for both the local market and for export, a spokesperson for the company told Reuters. Stellantis earlier this month announced an agreement with its Turkish partner Koc Holding aimed at further expanding their local joint venture Tofas.

Source: Ethiopian News March 09, 2023 16:45 UTC