Magna, Altran create engineering services joint venture in Morocco
As Morocco emerges as a competitive export-focused production base for global automakers, a new resource for vehicle engineering services has also launched: a joint venture between Magna and Altran Technologies. Magna's complete vehicle engineering and manufacturing group and Altran each hold 50% of the joint-venture company. The joint venture, located in Casablanca, Morocco, under the name MG2 brings together Magna's complete vehicle know-how and process competence and Altran's strengths as a locally established partner. Approximately 500 engineers from the two companies will initially staff the joint venture. Morocco, 14 km south of the European continent, offers a low-cost base to produce vehicles for export to Europe. The country has a stated goal of building one million vehicles per year by 2025 and has been successful in attracting automakers and investment in new production plants to achieve that goal.