Renault, IDRO deal historical: Senior French official

Senior Renault official called the contract with Industrial Development and Renovation Organization of Iran (IDRO) and Partov Negin Naseh a remarkable deal in one of the most strategic countries of the world. Executive Vice President and Chief Competitive Officer in Renault Group Thierry Bolloré elaborated the details of contract in…

France’s PSA, Iran’s SAIPA seal JV deal

Carlos Tavares, PSA chairman, (second sitting person from right) and Mehdi Jamali, the managing director of SAIPA (third sitting person from right) at a ceremony to sign a joint-venture deal between the two companies. Iran’s major automaker SAIPA and France’s PSA Group have announced a deal to launch a joint-venture…

Iran Khodro, Peugeot Joint Venture Company begins work

Iran Khodro and Peugeot joint venture company named ‘IKAP’ kicked off its work in presence of Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh and after introducing Board of Directors . They finalized 17 subsidiary contracts in line with the cooperation protocol. The founding members of IKAP convened and…

Bright future for Iran-German trade ties

Indications are growing that the richest European country, Germany, is set to return as Iran’s top trade partner again with officials saying that plans have been devised to increase trade between the two countries by four folds. As Iran starts returning to the global economic stage following the landmark nuclear…

Iran opportunities ‘too big to ignore’: CEO

Investment opportunities in Iran are ‘too big to ignore,’ as the country’s president signs a new series of deals on the second leg of his European tour, the CEO of a top investment firm told CNBC. Formal announcements of Iran’s 100-plane order from Airbus were made this morning, alongside plans…

Iran’s dealmaking with Europe: the seven biggest contracts

Deals worth nearly €40bn were struck during the Iranian president’s four-day visit to Europe after the lifting of sanctions The Iranian president, Hassan Rouhani, meets the French president François Hollande. France and Italy have led the way in cementing post-sanctions deals.  Airbus €22bn (£16.8bn) Aiming to renovate its ageing air…

Iran Khodro, Peugeot of France sign a deal

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…

Franco-Japanese auto giant keen on Iran expansion

The head of Renault-Nissan alliance has expressed the major car manufacturer’s readiness to expand its market in Iran upon the removal of sanctions against the country. Renault-Nissan chief Carlos Ghosn said Monday that “Iran is a very promising market,” according to AFP. “Today it’s more than one million cars, it…

Peugeot likely to finalize Iran deal Wednesday

Iran Khodro and Peugeot will likely finalize an initial deal for €500 million in joint investment in Iran during President Hassan Rouhani’s visit to France on Wednesday, a report said. Under the 50-50 joint venture, the two carmakers will produce Peugeot 2008 crossover, 208 super and 301 compact, Tasnim News…

Suzuki says eager to return to Iran

Japan’s Suzuki Motor Corporation said on Thursday that it is considering re-entering the Iranian market after the recent removal of the economic sanctions on the country. “We signed a licensing deal with Iran Khodro Industrial Group for local production in 2005. With the recent easing of sanctions, we’d like to…