Iran signs its biggest-ever car deal with France’s Renault

Posted on:08 Aug 2017 12:17:38
Iran signs its biggest-ever car deal with France’s Renault
08 August 2017 Current Affairs: Iran signed the country’s biggest-ever car deal with French multinational automobile manufacturer Group Renault to produce 150,000 cars, beginning in 2018.

The Euro €660 million or $778 million deal follows the lifting of international sanctions after Iran’s 2015 nuclear agreement with world powers.

French carmaker PSA Peugeot Citroen reached a deal with Iran Khodro to open a plant producing 200,000 vehicles annually.

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