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Truck drivers in several Iran provinces are on strike over low wages, a movement which first began in May.
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The national average gasoline price moved sharply higher for the week ending May 14, following the Trump administration's decision to withdrawal from an Obama-era nuclear deal and reimpose sanctions on the country.
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Renault Group has signed a new joint venture agreement to boost its growth in Iran, bolstering an initial joint venture struck last year.
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Chinese auto manufacturer Chery is now the largest foreign automaker in Iran with a cumulative output and sales volume of over 200,000 units.
Read More →The PSA Group doubled its sales in the Middle-East and Africa region in calendar-year 2016 with a total of 383,500 vehicles sold.
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Renault Trucks has signed to agreements with Iranian importer Arya Diesel Motors.
Read More →China’s BYD will supply pure electric vehicles to Iran. BYD said its commercial initiatives in the Middle East and Africa presently include energy storage, new energy vehicles, and solar power generation.
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Manufacturing of new Citroën vehicles will take place at the Kashan plant in Iran, which will be 50% owned by PSA Group.
Read More →Renault announced that an agreement has been signed for the creation of a joint venture with the Industrial Development & Renovation Organization of Iran (IDRO). Renault will be the majority shareholder.
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The Iran leg of Chery Arrizo 5 Global Media Test Drive recently been wrapped up. In addition to Iran, the test drive covered markets in Chile, China, Saudi Arabia, Brazil, the UAE, and Peru.
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