Iran says Peugeot to pay $446 million compensation for sanctions move
A logo is pictured on a Peugeot 208 car parked at the PSA Peugeot Citroen plant in Poissy, near Paris, France, April 29, 2015./ French car-maker PSA Peugeot Citroen will pay Iran over 400 million euros ($446 million) in compensation for losses after it quit the country due to sanctions, the managing director of the country's largest carmaker said on Sunday. Peugeot, the biggest-selling European carmaker in pre-sanctions Iran, suspended sales in 2012 when an international boycott against Iran due to its nuclear program was extended to the ...
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