Tag Archives | PSA Peugeot Citroen

German Rail, Telecom Operators End Iran Projects

German rail operator Deutsche Bahn and Deutsche Telekom are ending projects in Iran after Washington imposed new sanctions against Tehran and said firms doing business with Iran would be barred from doing business with the United States. New US sanctions against Iran took effect last week and several European companies have suspended plans to invest […]

Most French Firms ‘Unable to Stay’ in Iran

Most French Firms ‘Unable to Stay’ in Iran due to US Sanctions: Minister French Finance Minister Bruno Le Maire said that after the US imposes new sanctions on Iran most French companies would be unable to continue business in Iran because of problems over payment, also saying that the US cannot be the “planet’s economic […]

Peugeot-Citroën to Pull Out of Iran

French car maker PSA Group has said it will pull out of two joint in Iran following Washington’s withdrawal from the Iran nuclear deal. In a statement, the maker of Peugeot and Citroen cars said: “After signature of the Joint Comprehensive Plan of Action (JCPOA) on July 14th, 2015 and the lifting of international sanctions […]

Peugeot 2008 ramps up Production

The CEO of IKCO Supplying Automotive Parts Company (SAPCO) says given a growing demand for Peugeot 2008 in the Iranian vehicle market, the joint venture company between Iran Khodro and France’s Peugeot — Peugeot-IKCO car-manufacturing company (IKAP) — plans to increase its production. In an address to a joint meeting between the managers from Peugeot, […]

PSA Sells 444,600 Units in Iran

By John Lee. French carmaker Groupe PSA, which makes the Peugeot and Citroen brands, has reported that it has sold 444,600 units in Iran in 2017. Consolidated sales in the Middle East & Africa region were up by 61.4% on the previous year. In a statement, the company also made reference to the production start-up […]

Autoneum enters Iran Growth Market

Swiss-based company Autoneum has concluded an exclusive license agreement with Iranian automotive supplier Ayegh Khodro Toos (AKT) for the production and distribution of its multifunctional components for acoustic and thermal management in Iran. In the future, Ayegh Khodro Toos will produce carpet systems and inner dashes at its plant in Mashhad (Razavi-Khorasan province) for IKAP, […]

Iran Khodro Kermanshah Launched

Iran Khodro Kermanshah Company with a nominal capacity of 30,000 units per annum and two working shifts launched in the presence of the first Vice President, Minister of Industry, Mine and Trade, the Company’s CEO and a group of senior managers of Iran Khodro Industrial Group. The site is supposed to give a hand in […]

French Carmakers seeking Stronger Foothold in Iran Market

French carmakers PSA (PEUP.PA) and Renault (RENA.PA) are seeking to increase their presence in Iran’s resurgent market through more deals and investments, a report said. PSA has signed production deals worth 700 million euros ($768 million), while Renault has announced a new plant investment to increase its production capacity to 350,000 vehicles a year, according […]

Why French Carmakers are real Winners of Iranian Protectionism

By Ali Dadpay for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iran’s auto industry is only second to its energy sector, accounting for some 10% of the gross domestic product and 4% of employment. Showcasing the Islamic Republic’s efforts to become an industrial economy, it […]

Why Iran’s Auto Ambitions will Benefit Economy, not Consumers

By Alireza Ramezani for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. In February, Iran hosted an international auto show for the first time in 11 years. Some two dozen European, Asian and Iranian brands, including Iran’s longtime French partners Renault and Peugeot, took part in the […]

New US Sanctions Could Help Peugeot in Iran

New US Sanctions Could Help Peugeot Extend Its Lead in Iran’s Car Market A senior official with the giant French automotive Peugeot Citroen said recent new US sanctions against Tehran could play to the vehicle manufacturer’s advantage. “This is our opportunity to accelerate,” Peugeot Africa and Middle East chief Jean-Christophe Quemard said at a recent […]

S. Korean Envoy Sees Bright Future for Iran’s Auto Industry

South Korea’s ambassador to Tehran dismissed the notion that Iran is just a suitable market for selling cars and auto parts, predicting a bright future for the Iranian automobile industry’s presence in global markets. Iran is not just a place for the sale of vehicles and automobile components, and will become a “serious rival” for […]

Iran to Finalize Deal with Renault in Weeks

The Iranian Minister of Trade and Industry Mohammad Reza Nematzadeh said a much-awaited contract with French automaker Renault is going to be signed by March 20. The deal with Renault is in the final stages, Nematzadeh told  the Tasnim News Agency on Monday. “They (Renault officials) have promised that it (the deal) would be signed […]

Iran Khodro signs three Contracts with Mercedes-Benz

featuredThe CEO of Iran Khodro (IKCO) has announced that his company has recently signed three contracts with the German automaker Mercedes-Benz to launch joint ventures. Speaking to reporters in Tehran, Hashem Yeke Zare said three cooperation agreements have been signed between the IKCO and Mercedes-Benz. He added that two more contracts between the two companies […]

Iran Khodro Unveils New Models

By John Lee. Iran Khodro (IKCO), Iran’s largest carmaker, has announced that two new products — the Peugeot 207i and Dena Plus — will enter mass production in the second quarter of 2017. Keyvan Vaziri, IKCO Deputy CEO in New Product Development told the press that the Dena (pictured) is the first Iranian sedan with […]

How Iran’s Auto Industry became a Political Football

By Alireza Ramezani, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iranian hard-liners have launched a new attack on the administration of President Hassan Rouhani, this time focusing on the country’s automotive industry. At an Oct. 25 parliamentary hearing, the Industries and Mines Committee grilled […]

Video: Iran ‘Central’ to Peugeot-Citroen Plans

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. Iran will play a “central” role in French carmaker PSA’s (Peugeot-Citroen) strategic plans for the Middle East, according to the head of the manufacturing group on his first visit to the country:

Peugeot to Sell over 450,000 Vehicles in Iran in 2016-2017

The CEO of PSA Peugeot Citroen said the French carmaker plans to sell over 150,000 Peugeot vehicles in Iran in the second half of this year, a report said. Carlos Tavares (pictured) told reporters at the Paris autoshow on Thursday that Peugeot will sell over 150,000 vehicles in 2016 as well as over 300,000 in […]

Iran to be Peugeot’s Manufacturing Hub in ME, Africa

By John Lee. Tehran Times reports that Peugeot will try to make Iran its manufacturing hub in the Middle East and Africa. Jean Christophe Quemard, Executive Vice-President of Middle East and Africa, said Peugeot plans to offer 30 percent of its joint products with Iran Khordo Company (IKCO) in markets across the region, adding: “After […]

Iranian carmakers’ good fortune unlikely to trickle down

By Alireza Ramezani, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. A majority of car consumers in Iran complain about the low quality and high prices of vehicles produced by local manufacturers, according to a poll conducted by news website Khabar Online. Citing another poll, […]