EghtesadOnline: The longstanding debate over halting the production of poor quality cars in Iran has reached a tipping point with a clear deadline in sight, despite automakers bemoaning a lack of substitute for these models.
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: Automotive joint ventures between Iranian and subsidiaries of French automotive group PSA, Peugeot and Citroen, have announced that measures have been adopted so as to deliver the cars they earlier presold in Iran before they are forced to fully suspend their activities in the country due to the imminent reimposition of sanctions against Tehran by the hawkish US government.
EghtesadOnline: Peugeot published a picture of its 405 model on its official Instagram account reminiscing when the model was selected as the ‘European Car of the Year’ in 1988.
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: Data released by two major French carmakers has it that Iran accounts for 21% of cars sold under Peugeot’s brand worldwide and has a 6% share in Renault’s global sales.
EghtesadOnline: Paris-based PSA has yet to start production of the Peugeot 2008 in Iran despite the launch of an assembly line in the country seven months ago.
EghtesadOnline: Executive Vice-President of PSA Group (Peugeot-Citroën) for Africa and the Middle East says that lack of liquidity is hindering Peugeot’s operations in Iran.
EghtesadOnline: Iran Khodro dealers confirm that the new Peugeot 301 sedan is priced at 949 million rials ($24,973), and will be delivered to buyers in ten days.
EghtesadOnline: The joint venture between Iran’s biggest domestic automaker Iran Khodro and France’s Peugeot, known as IKAP, is set to import the large Peugeot 3008 SUV by the end of the current fiscal (ending March 2018).