Renault signs deal for venture in Iran as its economy opens

September 30, 2016 10:10 AM

3 0

Renault signs deal for venture in Iran as its economy opens

PARIS – Renault has reached a deal with Iran's government to open a plant making at least 150,000 vehicles a year, as European companies race for a share of Iran's market now that international sanctions have been lifted.

The French carmaker announced the deal with the Industrial Development & Renovation Organization of Iran on Friday, during the Paris auto show.

Also read: SMU pulls Chad Morris off the market for now with three-year extension

Read more

To category page

Loading...