Peugeot intends to strengthen cooperation with Iran

Peugeot intends to strengthen cooperation with Iran

The Executive Vice-President of Middle East and Africa at Peugeot, Jean Christophe Quemard, said that his company will try to make Iran its manufacturing hub in the Middle East and Africa in future.

According to him, Peugeot plans to offer 30% of its joint products with Iran Khordo Company (IKCO) in markets across the region.

“After two years of negotiations, we have reached satisfactory conclusions with IKCO. All the expectations of the Iranian Ministry of Industry have been fully met," Teherean Times cited Quemard as saying.

Answering a question on the losses Iran incurred when the French carmaker left the country in 2011 due to the international sanctions, the company’s official said that both sides have reached some conclusions and are implementing the signed contract in this regard.

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