Iran Khodro car maker from Iran and Peugeot of France signed a deal on Thursday to broaden mutual cooperation on automobile industry in Iran.
During the current visit of the Iranian President Hassan Rouhani and his entourage to France, the two sides held various round of talks on signing a deal between Iran Khodro and Peugeot at the presence of Iranian president, French premier and ministers of industry, mines and commerce as well as senior economic managers and the two auto making managing directors.
This is for the first time ever that a top international automobile maker is to finance in Iran’s automobile industry.
Establishment of Iran-France Joint company with equal sharing of fifty percent will bring latest technological development to Iran for auto making products.
President Rouhani leading a high delegation arrived in Italy and now is in France on his second leg to his European tour.