Opel Navi CD70 East Europe 2013-2014
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Opel Navi CD70 East Europe 2013-2014
The Opel 3 c minibus is comparable to Opel’s “P1” vehicles ( MEI Focus Group design concept). The key to the minibus’s affordability is that it uses a 7-seat 3-row minivan platform, an established automotive industry standard. As a result, the minibus could be built at a relatively low cost, about half of that of the French Opel Corsa, and about the same cost as the German Volkswagen Transporter. The total investment in building the minibus in Morocco is expected to be about €70 million (about $85.8 million), but will have a relatively low manufacturing cost.
Opel’s rental car company, Opel Financial Services, will supply the minibus in Europe, a strategy that is eerily reminiscent of the MEI Focus Group minivan designs. Opel Financial Services will likely target the French car market, operating it through dealerships under the Opel “Citroen” brand. French car dealerships usually occupy large tracts of the city centers, and could be a lucrative target for the minibus. Additionally, French dealerships could use the minibus as the base for a higher end “Citroen” brand variant featuring automatic transmission and more upscale interior finish. Opel Financial Services has sold over 5 million passenger vehicles to date. In Europe, Opel Financial Services ranks 17th with a market share of 3.9%.
Arabica Steel, a joint venture by the Far East International Group (FEIG), a large Chinese conglomerate, and the South Korean Ministry of Trade, Industry, and Energy (MOTIE), announced its plan to invest RMB 11.1 billion in Morocco’s northern Coorgi border town in January 2020, although it did not specifically mention electric vehicles. The project is based on the Moroccan government’s expansion of the Banque Centrale du Maroc (BCM) Rabat, located in the northern city of Taza, to include a new finance center to handle the CEPA; improve its infrastructure; and renovate its facilities to accommodate the Rabat branch.
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