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.
Renault SA is shaping up to be the latest European company to fall victim to Donald Trump’s renewed sanctions on Iran, even if it doesn’t sell cars in the US. Iran operations are likely to be put on hold to comply with US sanctions, Renault Chief Operating Officer Thierry Bollore told analysts during a conference […]
The CEO of the automaker Renault said Fri. that French company will not leave Iran and will take measures to avoid the risk of US reinstated sanctions. According to France 24, Renault CEO Carlos Ghosn told its shareholders on Friday that they will not abandon Iran even if they have to downsize their activities very […]
Iran’s Parliament will be holding an extraordinary session this week to review the contracts on joint ventures between Iranian and French carmakers as the European side has suspended projects to avoid US sanctions. A member of Iranian Parliament’s Committee on Industries and Mines told Mehr News correspondent on Monday that an extraordinary session will be […]
TEHRAN – French automaker Renault is going to expand activities in Iran, boosting its total investments in the country to €800 million, IRNA reported quoting the company’s director for MENA region. Speaking at the 5th edition of Iran’s Automotive Industry International Conference in Tehran on Tuesday, Pascal Felten noted that with the new round of […]
TEHRAN- Through manufacturing of over 160,000 vehicles in Iran, Renault hit a record high in 2017, according to a report by the Communications Department of Renault Pars (a joint venture established in 2004 between France’s Renault and Iranian car makers Iran Khodro and Saipa). The report said that production of Renault in Iran witnessed a […]