Algeria Autos Report Q2 2013

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Algeria Autos Report Q2 2013 Mar 13th 2013, 00:00 A key development for the Algerian autos industry was the signing of a deal between Renault and theAlgerian authorities to set up a new production plant in the country.On December 19 2012, Renault, Algeria''s National Company of Industrial Vehicles (Soci?t? Nationale deV?hicules Industriels - SNVI) and Algeria''s national Investment Fund (FNI) signed a shareholders''agreement for the establishment of a new joint venture (to be owned 51% by Algerian interests and 49% byRenault) to develop the indigenous automotive industry and support local growth in the new car salesmarket....

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