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As Peugeot heads for the exit, what happens next in the Iranian car market?

Groupe PSA – owner of brands such as Citroën, Peugeot and Opel – has signed joint venture agreements worth a combined €700m ($820m) with Iran Khodro and Saipa since the Iran nuclear deal was implemented in January 2016. However, following the United States’ decision to pull out of the Joint Comprehensive Plan of Action (JCPOA), the French car group has suspended both ventures with the two main Iranian car makers to build and sell Peugeot and Citroën cars.

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