23 Nov 2024
Wednesday 26 December 2012 - 17:28
Story Code : 15625

Iran Khodro says Peugeot parts no longer needed, Tehran Times

Iran Khodro says Peugeot parts no longer needed, Tehran Times
iran_khodro_logo_1Iran Khodro Co., the countrys largest carmaker, can manufacture all automobile parts thatPSA Peugeot Citroen (UG)used to supply,Tehran Timesreported, citing Chief Executive Officer Javad Najmeddin.
Iran Khodrocan construct parts for itsPeugeot 206andRunnapassenger cars without backing from the French company, Najmeddin said.

PSA Peugeot Citroen suspended sales of car assembly kits to Iran in February, local reports said on July 31.

Energy, trade and financial sanctions imposed by the European Union, U.S. andUnited Nationsover Irans nuclear program have limited international companies involvements with the Persian Gulf nation. Iran rejects western accusations that its nuclear activities may be aimed at developing atomic weapons and maintains the program is needed for power generation.

By Bloomberg

 

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