PSA Peugeot Citroen signs JV deal with Iran Khodro
French carmaker PSA Peugeot Citroen says it has signed a final agreement with Iran Khodro to form a joint venture to produce vehicles in Iran. PSA has announced in a statement that the agreement provides "a crucial milestone" in its cooperation with Iran Khodro./ This 50/50 joint venture is expected to invest up to €400 million over the next five years in manufacturing and R&D capacity, Reuters has quoted PSA as announcing in its statement. This investment will contribute to the development of a competitive manufacturing base for producing, ...
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