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Tuesday, 08 December 2015 15:22

Three Europe carmakers to return to Iran soon

Three Europe carmakers to return to Iran soon

Three automakers from Sweden, Germany and France will resume operations in Iran when a July nuclear accord goes into effect, Industry Minister Mohammad Reza Nematzadeh says.

 

Iran is also in talks with Italian and Japanese carmakers for cooperation but they still have to reach an agreement, he told reporters on the sidelines of an Iran-Finland trade forum in Tehran Tuesday.

“We have signed MoUs with France, Germany and France. We will also cooperate with Italy and Japan but we are still in early stages with these two countries,” Nematzadeh added.

The minister did not name the companies but France’s Peugeot, Germany’s Daimler and Sweden’s truck and bus producer Scania have been cited in a pole position for resuming operations in Iran.

Last month, Iran Khodro Managing Director Hashem Yekke-Zare said his company and PSA Peugeot Citroen had agreed on a 50-50 venture worth 500 million euros for production of cars in Iran.
EA

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