Press TV - French carmaker Renault says it will maintain its presence in Iran despite the risk of penalties for violating US sanctions re-imposed on Tehran after Washingtons move to withdraw from the2015 multilateral nuclear agreement. "We will not abandon it, even if we have to downsize very strongly," CEO Carlos Ghosn told shareholders at the ...

The head of Renault-Nissan alliance has expressed the major car manufacturers readiness to expand its market in Iran upon the removal of sanctions against the country. Renault-Nissan chief Carlos Ghosn said Monday that "Iran is a very promising market," according to AFP. "Today it's more than one million cars, it has the potential to go to 1....