EghtesadOnline: PSA Group’s sales in the Middle East and North Africa plunged 68.4% in the first half of 2019, punished by the automaker’s forced withdrawal from Iran under the threat of US sanctions.
EghtesadOnline: French automotive companies PSA Group and Renault have linked declines in their first-quarter revenues to their forced withdrawal from Iran under threat of US sanctions.
EghtesadOnline: French carmakers, PSA Group and Renault, through talks with their Iranian counterparts and local and foreign authorities, are deliberating over ways to remain in Iran’s market in spite of looming US sanctions.
EghtesadOnline: French carmakers, PSA Group and Renault have held talks with Iranian officials during recent weeks to come up with “packages” to preserve their operations in the country.
EghtesadOnline: Peugeot 2008, the first product of a joint venture between the largest domestic automaker Iran Khodro and the French PSA Group, does not seem capable of finding a way out of price fluctuations.
EghtesadOnline: While banking hurdles and a volatile forex market have hindered PSA Group’s operations in Iran, the French company’s executive vice president for Africa-Middle East says it is expanding its presence in the country and has signed agreements with 76 local parts makers.
EghtesadOnline: The Fifth Iran Automotive Industry International Conference opened Tuesday at the iconic Milad Tower in north Tehran. Managing directors from French automotive companies PSA Group and Renault were in attendance, the IAIIC website reported.
EghtesadOnline: Iranian parts makers will collaborate with PSA Group on the production of vehicles under Peugeot brand in Algeria, the French automotive giant’s executive vice-president and purchasing director said at a meeting with suppliers in Tehran on Tuesday.
EghtesadOnline: French automaker PSA Group posted an 11% increase in H1 profits following the repatriation of profits from Peugeot’s much older 206 and 405 models currently produced by Iran Khodro.
EghtesadOnline: PSA Group has released sales data for the first-half of 2017 indicating that Iran helped it increase overall sales despite downturn in revenue elsewhere.