Bourse and Bazaar | AFP: French auto giant Groupe PSA, which makes the Citroen and Peugeot brands, reported record vehicle sales Tuesday as the acquisition of General Motors' Opel unit helped offset a sharp downturn in key markets China and Iran. PSA sold 3.88 million vehicles, up 6.8 percent from 2017 when it acquired the Opel business which includes ...

Reuters - New U.S. sanctions against Iran took effect on Tuesday, and President Donald Trump, who defied Washingtons allies to impose them, pledged that companies doing business with Tehran would be barred from doing business with the United States. Following are comments and responses from companies in Europe which last year did far more business ...

Financial Tribune - Automotive joint ventures between Iranian and subsidiaries of French automotive group PSA, Peugeot and Citroen, have announced that measures have been adopted so as to deliver the cars they earlier presold in Iran before they are forced to fully suspend their activities in the country due to the imminent reimposition of sanctions ...

Reuters - French carmaker PSA Group (PEUP.PA) has begun to suspend its joint venture activities in Iran to avoid U.S. sanctions after Washingtons withdrawal from the international nuclear deal. Large French companies active in Iran, including oil major Total (TOTF.PA), are struggling to obtain exemptions from the sanctions imposed by U.S. President ...

Financial Tribune- French carmaker and owner of Peugeot brand PSA Group said on Wednesday that it hoped the European Union would adopt a common position on Iran, following US President Donald Trumps decision to pull the country out of the nuclear deal with Iran. Like other economic players, we are following the evolution of the matter, and are also ...

Press TV- French carmaker PSA Group has invited Iran Khodro (IKCO) to set up a production line for Peugeot cars in Algeria, the Islamic Republic News Agency (IRNA) reports. PSA executive vice-president for purchasing, Yannick Bzard, on Tuesday visited Tehran-based Iran Khodro which has signed production deals worth 700 million euros with PSA. Bzard ...

Reuters - French carmaker PSAs (PEUP.PA) global sales jumped by 15 percent last year as strong growth in Iran and Latin America helped to offset difficulties in Britain and China. The owner of the Peugeot brand sold 3,632,300 vehicles in 2017, it said on Tuesday, a day after domestic rival Renault (RENA.PA) announced a similarly robust performance....

Press TV- Paris-based PSA has yet to start production of the Peugeot 2008 in Iran despite the launch of an assembly line in the country seven months ago. The maker of Peugeots and Citroens announced a joint-venture worth 400 million euro ($450 million) with its former local partner Iran Khodro (IKCO) in Mayfor the joint production of 200,000 ...

Reuters | Bozorgmehr Sharafedin, Laurence Frost and Edward Taylor: French carmakers PSA (PEUP.PA) and Renault (RENA.PA) are turning their U.S. absence into an Iranian advantage by piling into a resurgent market still off-limits to foreign rivals fearful of sanctions under Donald Trump's administration. The French investment has been seized upon ...

Iran Khodro Group and PSA Groupe (consisting of Peugeot and Citroen) finally took the wraps off their long-awaited deal last week to produce new vehicles in the country under a new joint venture. The announcement by the French company can be seen as a sign that a deal is truly underway. Prior to this JV announcement, several auto commentators had ...

Daily look at Irans late-breaking news and upcoming events:   PSA Group enters new phase in Iran with its Iran Khodro partnership On Tuesday 21 June 2016, the PSA Group (Paris:UG) and Iran Khodro signed the final joint venture agreement to produce latest-generation vehicles in Iran. Leader urges people of literature to focus on US treason ...

On Tuesday 21 June 2016, the PSA Group (Paris:UG) and Iran Khodro signed the final joint venture agreement to produce latest-generation vehicles in Iran. The agreement not only marks the beginning of a new chapter in the two partners' history but will also open up new possibilities for customers in Iran, who will be offered vehicles built to the ...