Renault to remain in Iran, CEO says
French carmaker Renault will maintain its presence in Iran while taking measures to avoid the risk of penalties for breaching renewed US sanctions, CEO Carlos Ghosn said Friday.
Ten companies who left Iran
On 6 June 2018, Ellen R Wald wrote in Forbes that when President Trump announced the return of U.S. sanctions on Iran almost one month ago on May 8, there was a great deal of skepticism about how many global businesses would cease operations in Iran or with Iranian agents.
Best-selling domestic and imported cars
Statistical studies indicate that Groupe Renault’s cars are the best-selling imported cars in Iran. According to Asr-e-Iran, in the first 11 months of this year, Renault Talisman and Koleos were ranked the first and second best-selling cars respectively.
Peugeot and IKAP joint car production in Algeria
Peugeot carmakers PSA Group has invited IKAP (joint venture between Iran Khodro and Peugeot), to collaborate in a project to manufacture 70 thousand vehicles in the city of Oran, Algeria.