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 Orrin Judd at June 21, 2016 1:33 PM