France's Peugeot-Citroen in 400 mln-euro Iran comeback
(PSA) announced its return to Iran on Tuesday, signing a 400-million-euro joint venture with its old partner Iran Khodro in The first cars produced under the new venture are set to hit Iranian roads in February, with the aim of producing 200,000 vehicles a year by 2018. PSA is the first Western carmaker to announce a return to Iran since many economic sanctions were lifted in January when a landmark nuclear deal with world powers took effect. It had signed an initial deal during a visit by President "Today is the comeback of PSA to Iran. We ...
Click
To Read Full Article