Middle East

French minister sees smoother return to Iran for Renault than PSA

July 30, 2015 12:47 CET

PSA/Peugeot-Citroen, previously the market leader in Iran, could find it more difficult to return to the country than rival Renault following a dispute over the carmaker's 2011 market exit, Laurent Fabius, France's foreign minister, said after talks with Iranian leaders....
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PSA says anti-French backlash weighs on Iran talks

July 29, 2015 12:20 CET

PSA's talks on a manufacturing venture with Iran's biggest carmaker are being undermined by anti-French sentiment in the country, CEO Carlos Tavares said. Iranians are hostile because France took a tough line in talks to lift international sanctions against Iran....
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Daimler in talks on truck partnership, Iran Khodro says

July 28, 2015 12:01 CET

Daimler is exploring a partnership with Iran Khodro as it weighs a return to Iran's market for trucks, vans and buses, the Iranian automaker's CEO said. European carmakers are planning their return to Iran after the country agreed to curb its nuclear program in return for the lifting of international sanctions that have crippled its economy....
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Renault seeks to stake in Iranian partner, report says

July 25, 2015 09:13 CET

Renault is in talks to buy a minority stake in its Iranian joint venture partner, the Wall Street Journal cited an executive at the Iranian firm as saying....
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PSA plans to export Iran-made cars after nuclear deal

July 24, 2015 06:01 CET

PSA aims to export cars it produces in Iran with local partner Iran Khodro, as the French company looks to rebuild its business in the country following the diplomatic agreement last week ending sanctions over Iran's nuclear program....
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Renault mulls Iran launch for Kwid crossover

July 20, 2015 17:28 CET

Renault may sell its new Indian-built Kwid crossover in Iran in a bid to freshen its model lineup as it prepares to return to the market following a deal to lift economic sanctions....
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Automakers vie for pole position in Iran

July 18, 2015 06:01 CET

Carmakers are racing for Iran following the country's breakthrough nuclear deal with Western powers - pitting past market leader PSA/Peugeot-Citroen against challengers including Volkswagen and Renault....
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VW explores return to Iran after nuclear sanctions lift

July 16, 2015 14:48 CET

Volkswagen has taken the first steps to entering Iran after the Islamic Republic's nuclear accord with the West pointed to an easing of economic sanctions that have prevented carmakers from doing business in the country....
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PSA plans to expand Iran venture after nuclear deal

July 15, 2015 10:53 CET

PSA/Peugeot-Citroen is in advanced talks over an Iranian carmaking venture with its local partner, Iran Khodro. The new venture would build cars from scratch using the automaker's latest vehicle architectures and engines....
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PSA eyes re-entry to Iran's auto market, report says

May 8, 2015 15:17 CET

PSA/Peugeot-Citroen is in talks about a possible joint venture with Iranian carmaker Iran Khodro if sanctions against the Islamic Republic are lifted, a German magazine reported, citing Peugeot brand chief Maxime Picat....
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Oman will use Italian expertise to help build auto industry

April 17, 2015 06:01 CET

The Oman government has bought into an Italian supplier as part of its goal to develop car production in the oil-rich Middle Eastern state. The state-owned Oman Investment Fund last month bought a 40 percent stake in Italian thermoplastic parts supplier Sigit....
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Nuclear deal may unleash big, pent-up Iran market

12:01 am U.S. ET | April 13, 2015

The prospective nuclear agreement among Iran, the U.S. and four other nations could have major ramifications for the auto industry by opening up a new and significant emerging market....
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Oil prices? They're nothing to worry about

12:01 am U.S. ET | Oct. 6, 2014

Spikes in fuel prices have been behind most recessions during the last 40 years, Ira Silver reminded the National Auto Auction Association at its annual conference last month in Boston....
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