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All tagged Iran Khodro
◢ French carmaker Renault will maintain its presence in Iran while taking measures to avoid the risk of penalties for breaching renewed US sanctions, CEO Carlos Ghosn said Friday. "We will not abandon it, even if we have to downsize very strongly," he said at the annual shareholders' meeting in Paris.
◢ France's PSA said Monday that it would pull out of two joint ventures to sell its cars in Iran to avoid the risk of US sanctions after Washington decided to withdraw from a key nuclear deal with Tehran. "The group has begun to suspend its joint venture activities, in order to comply with US law by August 6, 2018," the automaker said in a statement.
