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


In depth
Issue 1061 - 08 Jun 2018 | 4 minute read

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.

Tagged with:

Pin Economy & business

Pin Iran

Want to read more?

Subscribe to Gulf States Newsletter

View subscription options

Join our community

Sign up for an account to gain:

  • Set up news alerts on the countries and sectors that matter to you.
  • Free access to newsletter articles under 100 words.
  • Free access to GSN View articles articles.


View a selection of Free articles

Explore subscription options

Follow us on Google News