PSA invites Iran Khodro to produce Peugeots in Algeria
PSA invites Iran Khodro to produce Peugeots in Algeria Iran Khodro logo French carmaker PSA Group has invited Iran Khodro (IKCO) to set up a production line for Peugeot cars in Algeria, the Islamic Republic News Agency (IRNA) reports. PSA executive vice-president for purchasing, Yannick Bézard, on Tuesday visited Tehran-based…
Mercedes to resume Iran production soon: ISNA
Mercedes to resume Iran production soon Iran Khodro presents Mercedes-Benz products at Tabriz Autoexpo 2014. Mercedes-Benz, a division of Daimler AG, will resume production of cars in Iran from the beginning of the new Persian year in March, ISNA news agency has reported. The company is about to produce 2,500…
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…
