Auto
0

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
SAIPA-Citroen initiated the presale of the Citroen C3 in Iran on May 16.SAIPA-Citroen initiated the presale of the Citroen C3 in Iran on May 16.
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

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) ...

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com