[29 Nov 2013] Renault Nissan Peugeot Citroen planning to return to Iran - English

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29   November   2013   Renault   Nissan   Peugeot   Citroen   planning   to   return   to   Iran   PTV   Presstv   English   French   auto   giants   Renault   Nissan   and   Peugeot   Citro   en   are   planning   to   return   to   Iran   market   in   light  

French auto giants Renault-Nissan and Peugeot-Citro-en are planning to return to Iran\'s market in light of the easing of anti-Iran sanctions. Reports say Renault and Peugeot are gearing to reclaim their share of the huge Iranian market they lost after the implementation of anti-Iran sanctions in 20-11. Both companies are sending representatives to a crucial auto conference in Tehran that opens within hours. Their participation in the conference has been interpreted by the media as a sign to mark their early return to the Iranian market before other competitors. Renault and Peugeot have been production partners of Iran\'s domestic majors - Iran Khodro and SAIPA. Official data show the sanctions against Iran led to the unemployment of 100,000 workers and undermined the output of the two French giants.

Added by PTV on 30-11-2013
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