Business & Economy | Energy & Oil Art | Film & Music | Events Heritage & History Philanthropy
Sports | Politics For Peace | Society & Culture Literature & Books Health & Medicine
Rights | Women | Diaspora Travel | Environment & Geography Science & Education Middle East & Asia

Home|News|Archive|RSS
twitter|facebook|Privacy Policy



Payvand Iran News ...
01/29/14 Bookmark and Share
Renault set to resume car assembly in Iran

Source: Press TV


The Iranian version of Renault's low-cost Logan is known as Tondar model. (File Photo)

French carmaker Renault says it has resumed shipments to Iran for vehicle assembly, less than two weeks after Iran's nuclear deal with world powers took effect. Renault's regional boss Gilles Normand said the automaker expects its car manufacturing in Iran to pick up in the first half of the year.

"The important thing is that we can gradually restart the supply of parts for vehicle production as well as the flow of payments," Reuters quoted Normand as saying on Tuesday.

"There's a window of opportunity for the next six months," he added

The Iranian version of Renault's low-cost Logan is known as the Tondar model.


 

Renault and its rival Peugeot have shown willingness to resume vehicle assembly and sales in Iran with local partners Iran Khodro and Pars Khodro amid hopes of sanctions relief following the January 20 implementation of Iran's nuclear accord with the six world powers.

Renault and Peugeot used to supply about 100,000 and 458,000 kits a year for final assembly to Iran, respectively, before they had to leave due to US-led sanctions.

Over the past two years, the production of the two carmakers dropped by almost 50 percent due to the sanctions.

On January 20, the European Union Council suspended part of its sanctions against Iran according to the Geneva nuclear deal between Tehran and the six world powers - the United States, France, Britain, Russia, China and Germany -, which was signed last November.

The decision was adopted in the course of the regular monthly meeting of EU foreign ministers in Brussels after the International Atomic Energy Agency (IAEA) confirmed earlier in the day that Iran had halted 20-percent uranium enrichment under the Geneva agreement.

... Payvand News - 01/29/14 ... --



comments powered by Disqus

© Copyright 2014 NetNative
(All Rights Reserved)

Popular Now

Join Payvand's Facebook Page

join Payvand's daily News mailing list
* indicates required

Home | Contact | About | Archive | Web Sites | Bookstore | Persian Calendar | twitter | facebook | RSS Feed