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…

PSA strikes deal with Saipa to build Citroen cars in Iran

PSA Group unveiled a second Iranian manufacturing deal on Thursday as the French carmaker seeks to reclaim the leading position it once enjoyed in the Middle East’s biggest auto market, until U.S.-led sanctions forced its withdrawal. The Paris-based carmaker struck a framework deal with Iranian counterpart Saipa to invest 300…

Saipa, Citroen to conclude contract after finalization of talks

Deputy Minister of Industries, Mines and Trade for Industries Affairs, Mohsen Salehinia, said on Sunday that Saipa and French Citroen are in talks, nearing conclusion of a contract. Talking to IRNA, Salehinia said the two sides have in their talks even ascertained the amount of joint venture investment and the…