Deputy director of SAIPA-Citroen joint venture Yann Martin says the French automotive company is committed to Iran business. According to him, in the face of the belligerent US President Donald Trump’s announcement that he is withdrawing from the Iran nuclear deal, Citroen has adopted a wait-and-see strategy.
In an interview with IRNA, Martin said, “We have strong ties with Iran. Remaining in the country and continuing our operations are top of our priorities.”
SAIPA and PSA’s brand Citroen signed a 50-50 joint venture in late 2016 under which the Paris-based carmaker has undertaken to invest more than €300 million ($352 million) ...
May 16, 2018 17:12
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Citroen Committed to Iran
The French official says Citroen has strong ties with Iran and remaining in the country and continuing its operations are top of the automotive giant’s priorities
The SAIPA-Citroen official says, when in 2011, Citroen’s sister brand Peugeot was forced to terminate its operations in Iran due to sanctions and financial and political pressures, the French company and its workers suffered just like their Iranian peers
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