June 21, 2016

IT'S A TRADE DEAL:

French, Iranian Carmakers Sign Joint Venture Deal (RFE/RL, June 21, 2016)

French carmaker Peugeot-Citroen (PSA) and Iran Khodro have signed a final joint-venture agreement in Tehran to produce vehicles in Iran.

The 50-50 venture is expected to invest 400 million euros ($450 million) over the next five years, PSA said in a June 21 statement. 

Posted by at June 21, 2016 1:33 PM

  

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