French auto giants Renault-Nissan and Peugeot-Citro-en are planning to return to Iran\'s market in light of the easing of anti-Iran sanctions.
Reports say Renault and Peugeot are gearing to reclaim their share of the huge Iranian market they lost after the implementation of anti-Iran sanctions... Show More >>
French auto giants Renault-Nissan and Peugeot-Citro-en are planning to return to Iran\'s market in light of the easing of anti-Iran sanctions.
Reports say Renault and Peugeot are gearing to reclaim their share of the huge Iranian market they lost after the implementation of anti-Iran sanctions in 20-11. Both companies are sending representatives to a crucial auto conference in Tehran that opens within hours. Their participation in the conference has been interpreted by the media as a sign to mark their early return to the Iranian market before other competitors. Renault and Peugeot have been production partners of Iran\'s domestic majors - Iran Khodro and SAIPA. Official data show the sanctions against Iran led to the unemployment of 100,000 workers and undermined the output of the two French giants.
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