Renault to Invest More than 1 Billion in Morocco

Taroudant – French vehicle manufacturer Renault has signed agreements with Morocco to invest 10 billion dirhams ($1.04 billion) and create 50,000 jobs in Morocco.Moulay Hafid Elalamy, Morocco’s Minister for Industry, was quoted by AFP as saying, “This strategic project alone will give Morocco 50,000 new jobs and combine investment of more than 10 billion Moroccan dirhams).”After signing the deal on Friday at the launching ceremony of Renault Group’s new project in Morocco, Elalamy said, on the sidelines and in the presence of King Mohamed VI, that the ecosystem and its new plants will raise Renault’s local component sourcing from 32 to 65 percent and are projected to generate 20 billion dirhams in revenues. “We have signed this agreement that is expected to transform Morocco’s automotive industry. Exports from Morocco’s motor industry generate about 50 billion dirhams per year surpassing all other sectors of the country,” he said.Renault’s head of operations for the Africa-Middle East-India region, Bernard Cambier, was said to be optimistic about the deal.According to the same source, Cambier said the agreements will “… more than double the revenue that we make in Morocco, with a target of two billion euros in a few years.”On Friday, The King chaired the signing ceremony for three agreements related to the “Renault Ecosystem” project. The first was a framework-agreement on the setting up of the Renault ecosystem. The second was related to industrial real estate and the third to executive  and vocational training specific to the automobile sector.In recent years, Morocco has managed to attract a number of large auto and aerospace investors, including Delphi, Bombardier and Eaton Corp. read more

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Networks responding to viewers rejection of reruns with fresh episodes

Networks responding to viewers’ rejection of reruns with fresh episodes by David Bauder, The Associated Press Posted Aug 6, 2013 4:18 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email NEW YORK, N.Y. – CBS’ limited drama series “Under the Dome,” the most popular show on television last week, is notable for what it’s not: a rerun.Three of the top 10 most-watched shows on TV last week were repeats, according to the Nielsen company. That number is an indication of how the summer television world has changed among the big networks.During the corresponding week five years ago, six of the top 10 shows were reruns, Nielsen said. Go back a decade to 2003, and nine of the top 10 were programs that had aired before in colder-weather months.Reruns used to be a dependable way for broadcasters to recoup the costs of making comedies and dramas. But with cable offering more original programs in summer, viewer tastes have changed. They increasingly don’t want to see shows that have aired before, and networks are relying less on them.The three reruns last week were all on CBS, which has an older and larger audience than their rivals. They include “NCIS” and “The Big Bang Theory,” the top-rated drama and comedy during the regular season.Besides “Under the Dome,” CBS is also airing fresh episodes of the drama “Unforgettable” and viewers are responding. The NFL’s Hall of Fame exhibition game and the nonfiction shows “America’s Got Talent,” ”The Bachelorette” and “Big Brother” were all new programming that finished in the top 10.Univision airs new telenovelas in prime time all summer, and viewers respond. The Spanish-speaking network easily beat Fox last week. Fox, weighed down by a low-rated soccer game on Saturday, had the smallest weekly audience of any of the major broadcasters this summer.CBS easily won the week in prime-time, averaging 5.8 million viewers. NBC had 5.4 million viewers, ABC had 4 million, Univision had 3.1 million, Fox had 2.4 million, Telemundo had 1.5 million, ION Television had 1.2 million and the CW had 1.1 million.USA was the most-watched cable network, averaging 2.6 million viewers in prime time. The Disney Channel had 2.4 million, TNT had 2.2 million, History had 2.1 million and Discovery had 1.9 million.One week after beating NBC’s “Nightly News” among the key 25-to-54-year-old demographic, ABC’s “World News” fell back to second last week, by the slim margin of 68,000 people, Nielsen said.Among all viewers, “Nightly News” averaged 7.5 million, “World News” had 7 million and the “CBS Evening News” had 5.8 million.For the week of July 29-Aug. 4, the top 10 shows, their networks and viewerships: “Under the Dome,” CBS, 11.41 million; “America’s Got Talent” (Wednesday, 9 p.m.), NBC, 10.28 million; NFL Exhibition Football: Dallas vs. Miami, NBC, 10.11 million; “America’s Got Talent” (Tuesday), NBC, 9.81 million; “Football Pregame,” NBC, 8.9 million; “60 Minutes,” CBS, 8.22 million; “The Big Bang Theory,” CBS, 8.03 million; “The Bachelorette,” ABC, 7.94 million; “NCIS,” CBS, 7.66 million; “Big Brother 15” (Thursday), CBS, 7.12 million.___ABC is owned by The Walt Disney Co. CBS is owned by CBS Corp. CW is a joint venture of Warner Bros. Entertainment and CBS Corp. Fox is a unit of News Corp. NBC and Telemundo are owned by Comcast Corp. ION Television is owned by ION Media Networks.___Online:http://www.nielsen.com read more

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