TEHRAN – Minister of Industry, Mine and Trade says French auto-making giants Peugeot and Renault will have no longer place in Iran’s industry as the country is seeking to find new foreign partners in auto industry.
TEHRAN – The CEO of Iran’s giant car-maker Iran Khodro (IKCO) says the company has taken legal action against French car-making company Peugeot and is seeking 150m euros damages.
CEO of IKCO Hashem Yeke Zare announced on Monday that the Iranian giant car-manufacturer has received €150 miilion compensation from the French Peugeot in the past five years.
Peugeot ‘301’ production line was inaugurated in Iran Khodro Industrial Group (IKCO) this morning in the presence of Vice President for Science and Technology Sorena Sattari.
An Iranian deputy minister said French automaker Peugeot has to pay penalty for backing out of a contract it had already signed with Iran. Iranian Deputy Industry Minister Mohsen Salehinia pointed to Peugeot’s refusal to work with Iran under a new wave of US sanctions, saying the French company must pay penalty for cancelling its […]
Chief Executive of Iran Khodro Industrial Group (IKCO) Hashem Yekehzare denied any talk with Italy’s FIAT Automobiles and said that France’s PSA has not yet announced its exit from Iran’s lucrative car market officially. In response to a question on the details of talks between Italy’s FIAT automobiles and Iran’s leading car manufacturing company ‘IKCO’, […]
Chief Executive of Iran Khodro Industrial Group (IKCO) Hashem Yekezare said that Peugeot 301 passenger car will hit Iranian car market in the next Iranian calendar year in 1397 (to start March 21, 2018). Speaking in the unveiling ceremony of book on the sustainable performance and social responsibility of Iran Khodro Industrial Group (IKCO), he […]