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…
Iran approves imports of Chevrolets
Iran said on Sunday that it has issued the authorization for imports of automobiles produced by the American carmaker giant Chevrolet. The announcement has been made by the Trade Promotion Organization of Iran which says two of the company’s models – Chevrolet Trax and Chevrolet Aveo – have received the…
Auto preferences to shift
The preferences of Iranians are likely to change in the post-sanctions era regarding their choice of cars, said an automotive expert this week. According to Farbod Zaveh, South Korean carmakers are likely to continue operating strongly in Iran, though the same cannot be said of Chinese brands, Financial Tribune reported….
