PSA Peugeot Citroen (PEUP.PA) will open an engineering centre in Morocco with consulting firm Altran (ALTT.PA) in the first major step under new boss Carlos Tavares to increase the French carmaker's footprint in lower-wage countries, sources said. Peugeot will outsource some research and development functions to the new Altran centre, creating 1,500 jobs, two people familiar with the plan said, as the carmaker weighs an eventual investment in low-cost vehicle assembly in Morocco. The site in Casablanca will specialize in computer-assisted design, modelling and technical documentation. The move could pave the way for an assembly plant to follow in the footsteps of French rival Renault's (RENA.PA) no-frills car factory up the coast in Tangier.
via Business News http://ift.tt/13HMZkI
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