French auto giant Peugeot Citroen PSA says it has serious plans to make Iran a central production hub in the Middle East. "Iran is central to the implementation of the strategic growth plan of the PSA group," PSA Chairman Carlos Tavares told reporters during a visit to the companys local partner, Iran Khodro. Tavares also added that his ...

French firms are worried that their governments headstrong approach in nuclear talks with Iran might have harmed their business chances as international companies are jostling for position in one of the lucrative emerging markets. The very tough stance has created some aggressive thinking vis--vis France and everything that represents France, like ...