22
Jul
09:24
Citroen agrees vehicle production joint-venture in Iran
French car maker PSA Group and Saipa, Citroën's Iranian partner since 1966, have signed a framework agreement to create a joint-venture to produce Citroën vehicles in Iran, Kallanish learns from PSA.
Manufacturing will take place at the Kashan plant in Iran, which will be 50% owned by the PSA Group.
The joint venture will invest more than €300 million ($331m) in manufacturing and R&D capacity over the next five years. The plan to boost …
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Very good overview of the weekly steel market.
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