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French Carmakers to Offer Packages to Remain in Iran

In the face of mounting pressure from the hawkish US president on international firms to ditch their Iran operations, French automotive companies have held meetings with their local counterparts and relevant authorities to prolong their activities in the
Currently Renault Sandero is produced in Iran by local carmakers.Currently Renault Sandero is produced in Iran by local carmakers.

French carmakers, PSA Group and Renault have held talks with Iranian officials during recent weeks to come up with “packages” to preserve their operations in the country.
In the face of mounting pressure from the hawkish US President Donald Trump on international firms to ditch their Iran operations, and new sanctions to be reimposed against the country, the French automotive giants have held meetings with their local counterparts and relevant authorities to prolong their activities in the huge automotive market of Iran, deputy Industries Minister Mohsen Salehinia was quoted as saying by Mehr News Agency on Tuesday.  
Pointing to several similar sessions over the past few weeks, Salehinia says, “Representatives of Renault and PSA Group are exploring ways to maintain their presence in Iran and ensure their extensive collaborations with local makers.”
“We are looking for mechanisms to enable all parties to honor their commitments,” he added.

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