Peugeot resolute to invest in Iran car industry

TEHRAN, July 14 (MNA) – IKCO and PSA Peugeot Citroën directors have expressed both companies’ interests for cooperation.

Directors of Iran Khodro Industrial Group, known as IKCO, and PSA Peugeot Citroën discussed ways for comprehensive, joint investments, for production and exportations.

Hashem Yekke Taz, IKCO CEO and Jean-Christophe Quémard PSA Peugeot Citroën, Operational Director of Middle-East & Africa, discussed cooperation between the two companies.

Quémard emphasized on his company’s willingness to attend Iran’s market which he highlighted as “a window to the region’s market.”

Negotiation frameworks emphasized on equipment of IKCO products with eco-friendly engines. Producing new generations of low-consuming engines was also discussed in the meeting.

PSA Peugeot Citroën is the second largest car company in Europe.

By Mehr News Agency

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