PSA Group and SAIPA finalize joint venture agreement for Citroen in Iran  [ Iran ]

On October 6, the PSA Group and SAIPA, Citroen's partner in Iran since 1966, signed a joint-venture agreement to produce and sell Citroen vehicles in Iran.The 50/50 joint venture will encompass the entire value chain, from the design stage through vehicle marketing, including purchasing. The joint venture will invest more than EUR 300 million in manufacturing and R&D capacity over the next ...
<Oct 07, 2016>