It will be a 50-50 joint venture, aiming to produce three new models of cars starting late next year. Peugeot was a major player in Iran's car market before the sanctions were imposed, and the company said negotiations for this cash advance loans deal have been under way since before the sanctions were lifted. Iranian President Hassan Rouhani is being formally welcomed to France at the gold-domed Invalides monument where Napoleon is buried. While Rouhani arrived in Paris online payday loans Wednesday from Rome, online payday loans official French government greeting ceremony is being held Thursday morning.
Rouhani is also meeting Thursday with the chief of UNESCO, the Paris-based U. Later he and French President Francois Hollande will oversee a ceremony for signing about 20 bilateral accords.
The trip is an effort to usher in a new era after a landmark accord to curb Iran's nuclear program and lift Western sanctions. However, France is now weighing new sanctions over Iranian ballistic missile tests. Fox News Fox Business Fox News Go Fox News Radio Fox Nation Fox News Insider Fox News World Home Video Politics U. France's Peugeot-Citroen has announced a joint venture with automaker Iran Khodro to make 200,000 cars a year outside Tehran, as both countries seek to boost trade after the lifting of Western sanctions.
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Login to get best prices Azadi Football Academy HotelContact hotel for availability Bolvar-e-Gharbi-ye-Estadiyom-e-Azadi, Tehran 11369, Iran Olympic HotelContact hotel for availability Dehkadeh Blvd.
Chamran Express Way, Tehran 19976, Iran Karoon HotelContact hotel for availability No. Iran Khodro 's Deputy CEO for Export Saeed Tafazzoli said the company exported about 100 vehicles to Syria just recently. In his words, the IKCO and its Syrian partner Siamco reached an agreement to restore their joint car-manufacturing site near the Syria's capital Damascus. Siamco is Iran Khodro 's largest site abroad which used to produce a new vehicle dubbed "Sham" before the beginning of unrest in Syria back in 2011.
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