Automotive joint ventures between Iranian and subsidiaries of French automotive group PSA, Peugeot and Citroen, have announced that measures have been adopted so as to deliver the cars they earlier presold in Iran before they are forced to fully suspend their activities in the country due to the imminent reimposition of sanctions against Tehran by the hawkish US government.
PSA Group’s Peugeot and Citroen forged joint venture agreements with Iranian carmaker Iran Khodro and SAIPA respectively after the 2015 Iran nuclear deal was clinched. With the belligerent US President Donald Trump withdrawing the United States from the historic accord, the French automotive giant has announced that it is forced to halt its operations in Iran.
July 18, 2018 17:24
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PSA Group Committed to Delivering Presold Cars in Iran
PSA Group’s Peugeot and Citroen are committed to fulfilling their obligations in Iran by delivering cars they have presold in the country through their local partners before suspending their operations due to the reimposition of sanctions against Tehran b
Following Trump’s underhand move, imports of parts for Peugeot 2008 were bottlenecked, leading to delays in the delivery of presold cars. The delay triggered confusion in the market with customers anxious to see whether they would be able to get their ha
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