Citroen

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Citroen

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"French carmaker PSA Peugeot Citroen has reached a deal with Iran’s biggest carmaker to open a plant producing 200,000 vehicles a year, renewing an old partnership with Iran Khodro Co following the lifting of international sanctions. The two companies showcased five models on Wednesday to be produced by IKAP, a joint venture first announced in January during a visit to France by Iranian President Hassan Rouhani." (AP, "PSA Group reaches Deal to Make 200,000 Cars a Year in Iran," 10/5/2016).

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"PSA Peugeot Citroen said it plans to sell more than 150,000 Peugeot vehicles in Iran in the second half of this year as the French carmaker seeks to reclaim the leading position it once enjoyed in the country. Peugeot, the biggest-selling European automaker in pre-sanctions Iran, suspended sales in 2012 when an international boycott due to Iran's nuclear program was extended to cars. Most sanctions were lifted in January... Iran's Minister for Industry Mohammad Reza Nematzadeh will visit PSA's Velizy research center near Paris on Thursday to discuss cooperation with the carmaker, CEO Carlos Tavares told reporters at the Paris autoshow. "This is the kick-off for the implementation of the deals we have signed," said Tavares, who will travel to Iran next week. Tavares wants to sell 300,000 Peugeot vehicles in Iran in 2017." (Reuters, "Peugeot targets $150,000 vehicle sales in Iran in second half," 9/29/2016).

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The Wall Street Journal reported that Peugeot “signed a deal with an Iranian company to make Citroëns in Iran … [and] plans to invest more than €300 million ($330.1 million) in industrial capacity and research and development at the site over the next five years.” (The Wall Street Journal, “Peugeot Signs Joint Venture to Make Citroëns in Iran,” 7/21/2016).

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"Citroen cars will roll off an assembly line in Iran starting from 2018, under a deal between French automaker PSA and Iran's SAIPA finalised on Thursday, PSA said. The joint venture, in which PSA and SAIPA will each have a 50 percent stake, will see cars produced at a plant in Kashan, some 200 kilometres (120 miles) south of the capital Tehran... The Kashan plant is used to produce Citroen cars but has not made one since the start of the decade. The two firms plan to invest "more than 300 million euros ($335 million) in manufacturing and R&D capacity over the next five years," PSA said in a statement. The move follows PSA's 400-million-euro deal in June with Khodro to build 200,000 Peugeot vehicles a year in Iran by 2018." (AFP, "Citroen maker seals Iran joint-venture deal," 10/6/2016).

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“Iranian car manufacturing company Saipa is in talks with France's PSA Peugeot Citroen and Renault, Germany's Mercedes-Benz, and Sweden's Volvo to finalize deals on joint production of cars in Iran, Saipa officials announced on Tuesday.  Saipa CEO Saeid Madani announced that the company is in negotiations with PSA Peugeot Citroen to sign a deal, but at the same time noted that any deal would depend on the ongoing talks between Tehran and world powers over the country's peaceful nuclear energy program. He made the remarks on the sidelines of a ceremony held here in Tehran to unveil the production line of a new Volvo truck in Saipa Diesel factory.” (TasnimIran's Saipa Negotiating with European Automakers, 5/12/15)

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"Citroen C5...has already received the necessary permit from the Institute of Standards and Industrail Research of Iran (ISIRI) as well as the Department of the Environment to enter the Iranian market." (Zawya. "Iran: Citroen C5 Import From Sept." 6/19/2006)

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"Citroen and SAIPA, the Iranian carmaker have signed a contract for the production of Citroen Xantia in the SAIPA factories in Iran for the Iranian car market, making SAIPA part of Citroen's strategy for international development in central Asia." (AutoWeb. "Citroen to Produce the Xantia in Iran." 3/23/2000)