Economy, Auto

Peugeot Tightlipped on IKCO Payout

Peugeot Tightlipped on IKCO PayoutPeugeot Tightlipped on IKCO Payout

PSA Peugeot Citroen has over the past week not responded to claims by its local production partner Iran Khodro about "compensation" paid as part of the new joint deal. The fresh report, carried by Just-Auto, says Peugeot has not commented about the supposed payout, making Iran Khodro the only party to highlight the deal.  Financial Tribune contacted Peugeot for a comment on the subject to verify Iran Khodro's claim of the $400 million payout by the French company. The company did not respond by the time the paper went to print.