Germany’s Volkswagen says it has picked a local Iranian auto company to represent it in one of the biggest markets of the Middle East.
Frances auto giant PSA Group says it is pushing ahead with a plan to invest in Iran’s auto industry despite an increased anti-Iran rhetoric by the United States under President Donald Trump.
French auto giant Peugeot Citroen PSA says it has serious plans to make Iran a “central” production hub in the Middle East.
PSA Group unveiled a second Iranian manufacturing deal on Thursday as the French carmaker seeks to reclaim the leading position it once enjoyed in the Middle Easts biggest auto market.