Renault to enter new joint venture in Iran
Raindrops cover the logo of French car manufacturer Renault on a automobile seen in Paris, France, January 14, 2016./ ) said on Friday it had signed a deal to enter into a new joint venture in Iran that would allow it to strengthen its presence in the country after most trade sanctions were lifted earlier this year. In a statement, Renault said it would be the majority shareholder in the joint venture with Iranian investment fund IDRO. Renault CEO Carlos Ghosn said there was "undeniable" potential in the Iran market. The joint venture will ...
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