Press TV - French car makers Renault and Peugeot have posted a slump in first-half vehicle sales, mainly because of their withdrawal from Iran under threat of US sanctions. PSA Peugeot Citroen saw its trajectory of the automaker's recovery seriously challenged because of lower sales in the Middle East, China and South America, the company said in ...

Press TV - French carmaker Renault says it will maintain its presence in Iran despite the risk of penalties for violating US sanctions re-imposed on Tehran after Washingtons move to withdraw from the2015 multilateral nuclear agreement. "We will not abandon it, even if we have to downsize very strongly," CEO Carlos Ghosn told shareholders at the ...

IFP - Renault car manufacturer has announced the companys exports to Iran has grown by 83 percent, saying that Tondar and Sandero brands have doubled Renaults sales. According to a Farsi report by the Young Journalists Club (YJC), the French carmaker has announced that according to its monthly sales figures, the sales to Iran increased ...

Financial Tribune - Grgoire Blaise, CEO of Renault Trucks Middle East and North Africa, says following an agreement between Arya Diesel Motors and Renault Trucks in December a training center will be opened to improve the skills and efficiency of boost mechanics. The subsidiary of Volvo, which was bought from Renault in 2001, currently operates ...

IRNA -- Iran's RISECO and MECAPLAST of France signed a joint venture in a situation that 30-percent exports condition will be implemented for a spare part contract. Speaking in the ceremony to sign the contract on Friday, Chairman of RISECO Board of Directors Hamidreza Samadi said that MECAPLAST is one the biggest spare parts suppliers of France. Samadi ...

Renault (RENA.PA) said on Friday it had signed a deal to enter into a new joint venture in Iran that would allow it to strengthen its presence in the country after most trade sanctions were lifted earlier this year. In a statement, Renault said it would be the majority shareholder in the joint venture with Iranian investment fund IDRO. Renault ...

TEHRAN, Feb. 29 (MNA) Deputy industry minister said the contract framework between Frances Renault and Irans Saipa will soon become finalized. Iran Deputy Minister of Industry, Mine and Trade Mohsen Salehinia told the reporters on Sunday Saipa Group has launched negotiations on selling shares of Pars Khodro to Frances Renault car manufacturer ...

French auto giant Renault has announced a major increase of 111 percent in sales of cars to Iran in September. Renault says that it sold 5,500 cars at the Iranian market over the period. It said the figure marked a significant increase compared to the same period last year when sales stood at 2,600 cars. The companys sales to Iran from January ...

Shares of French automakers PSA Peugeot Citroen and Renault have risen 4.45 percent and 1.4 percent respectively following Irans nuclear deal with the Sextet of powers. In afternoon trade at the Paris CAC on Monday, Peugeots shares soared 4.50 percent to 10.69 euros and Renault rose 1.43 percent to 65.35 euros. The nuclear deal signed in Geneva ...