"PSA Peugeot Citroen and Renault will offer new cars to the market with the help of their Iranian partners," the minister said. "They've been big contributors to Iran's auto industry. Given the Geneva deal, we hope sanctions will be lifted by the end of December so that joint ventures with foreign carmakers can resume."Iran Khodro's manager, Hashem Yekeh Zare, said his company is considering a joint project with Daimler AG's Mercedes-Benz, but didn't elaborate. Zare said his company is seeking greater self-sufficiency and is interested in importing auto parts and licenses for joint production.
Iran Nuclear Deal Hits Gas Pedal For Carmakers
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