President Hassan Rouhanis trip to Paris last month led to deals worth billions of dollars and the auto industry was not left out of this bountiful trip. During the their visit to France, Irans largest vehicle manufacturer, Iran Khodro Company, signed a deal worth 400 million ($436 million) with PSA Peugeot Citroen, which has been lauded by some ...

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 ...

Al-Monitor | Mohsen Shariatinia: As Irans auto industry is grappling with a multifaceted crisis, there are signs that Chinas nascent carmakers may step in to become part of the solution. The US withdrawal from the Joint Comprehensive Plan of Action (JCPOA) and the impending reimposition of sanctions have not only caused a currency crisis in Iranbut ...

IRNA A French official referred to US sabotage regarding the nuclear deal with Iran, saying Peugeot Company is after staying in Iran. Speaking to France International Radio on the condition of anonymity, he said the company is waiting for post-Trump era or the sudden change of the US president. According to the French Radio, in the wake of US ...

Reuters - French carmaker PSA Group launched its Citroen C3 model in Iran last week despite Washingtons withdrawal from the nuclear agreement with Tehran, brand chief Linda Jackson said on Thursday. PSA, the maker of Peugeot and Citroen cars, sold 2,000 C3 subcompacts in one hour on launch day, Jackson said, adding that the groups strategy in Iran ...

Press TV- French carmaker PSA Group has to procure 30% of auto parts at its Algeria site from Iran under its agreement with the country's leading automaker Iran Khodro (IKCO), a car parts maker says. According to the signed contract, 30% of the parts necessary for production should be sourced from Iran, said Mohammad Reza Najafi-Manesh, a member ...

Financial Tribune- Data released by two major French carmakers has it that Iran accounts for 21% of cars sold under Peugeots brand worldwide and has a 6% share in Renaults global sales. French automotive companies PSA Group (Peugeot owner) and Renault Group have recently released their 2017 sales reports and say Iran has been a driving force for ...

IRNA Head of France's Union of Rubber and Plastics showed interest in training Iranian industrialist to make car parts. Dennis Vaillant said on Tuesday that Groupe PSA, formerly known as PSA Peugeot Citron, has reached the decision to produce car parts in Iran. Vaillant, who is in Tehran to sign a memorandum of understanding, said that according ...

Business Insider- France's PSA Group is pushing ahead with an Iranian plant investment and production ramp-up in the face of a hardened U.S. stance against Tehran under President Donald Trump that could play to the carmaker's advantage, a senior executive said. The group's Peugeot brand is about to begin production with local partner Iran Khodro,...

Reuters- French carmaker PSA Group (PEUP.PA) said global vehicle deliveries rose by 5.8 percent last year, propelled by strong sales of its Peugeot brand in Iran and the continuation of the European auto market's recovery. PSA's global sales volume rose to 3.146 million vehicles in 2016 from 2.972 million the previous year, the Paris-based company ...

French auto giant Peugeot Citroen PSA says it has serious plans to make Iran a central production hub in the Middle East. "Iran is central to the implementation of the strategic growth plan of the PSA group," PSA Chairman Carlos Tavares told reporters during a visit to the companys local partner, Iran Khodro. Tavares also added that his ...

Newspapers on Thursday covered the ongoing developments in Iraq and Syria, where the US, Russia, and Turkey are on the verge of a conflict among themselves ahead of an operation to liberate the ISIS-held Mosul in Iraq. The remarks made by the CEO of Peugeot-Citroen, the French car-maker, about the compensation paid to Iran also received good coverage....

TEHRAN, Iran (AP) -- French carmaker PSA Peugeot Citroen has reached a deal with Iran's biggest carmaker to open a plant producing 200,000 vehicles a year, renewing an old partnership with Iran Khodro Co following the lifting of international sanctions. The two companies showcased five models on Wednesday to be produced by IKAP, a joint venture first ...

PSA Peugeot Citroen (PEUP.PA) said it plans to sell more than 150,000 Peugeot vehicles in Iran in the second half of this year as the French carmaker seeks to reclaim the leading position it once enjoyed in the country. Peugeot, the biggest-selling European automaker in pre-sanctions Iran, suspended sales in 2012 when an international boycott due ...

TEHRAN, Aug. 20 (MNA) An official at Irans Ministry of Industry announced that Frances Peugeot has begun compensating for its previous contract with Iran. Amir Hossein Ghanati, Director General of Automobile and Automotive Industries Department at the Ministry of Industries, Mine and Trade, said the French company will make amends for all losses ...

Tehran, July 18, IRNA Irans leading vehicle manufacturer SIAPA is going to finalize a deal with Frances Cintroen soon, its Managing Director Mehdi Jamali said. Talking to IRNA on Monday, he said the deal serves the goal of promoting the Economy of Resistance policies set by the Supreme Leader. Noting that the deal is the first of the kind to ...

TEHRAN, Jun. 06 (MNA) Deputy industry minister has described the details of Irans new negotiations with France's Peugeot over automobile parts manufacturing. No agreement has been reached with Renault company for production of Kwid cars, stressed Irans Deputy Minister of Industry, Mine and Trade Mohsen Salehinia saying however, Saipa Motor Corporation ...

PSA Groupes Citroen brand plans to launch five new models in the Iranian market, according to a report released in local media over the Iranian weekend. According to a report by IRNA, the French carmaker is in the final stage of agreeing to the production of five models by SAIPA-Kashan, a subsidiary of the second largest carmaker inside Iran. Fariborz ...

TEHRAN, Iran The auto giant PSA Peugeot Citroen has become the first foreign company since the Jan. 16 implementation of the Joint Comprehensive Plan of Action to obtain a license from the Iranian government to invest in Iran Khodro Co. (IKCO), the biggest car manufacturer in the country. Jean-Christophe Quemard, PSA Peugeot Citroens executive vice ...

TEHRAN, Apr. 10 (MNA) Deputy industry minister said Iran Khodro Industrial Group and Peugeot Car Company will officially launch joint cooperation in late April. Iran Deputy Minister of Industry, Mine and Trade Mohsen Salehinia touched upon the latest status of bilateral collaboration between Iran Khodro Industrial Group (IKCO) and Frances Peugeot ...