Renault signs landmark auto deal in Iran
French carmaker Renault has signed a much-awaited agreement with Iran to produce more than 150,000 cars a year in the country – what is already being described as the Islamic Republic’s biggest ever auto deal. The value of the agreement, which was signed after 10 months of negotiations, would be €660 million. Based on it, Renault would team up with Iran's Negin Khodro and the Industrial Development and Renovation Organization (IDRO) to produce the latest versions of Symbol and Duster brands of the French automaker from 2018. “Sixty percent ...
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