Renault to enter new joint venture in Iran

Renault to enter new joint venture in Iran
 

Renault (RENA.PA) said on Friday it had signed a deal to enter into a new joint venture in Iran that would allow it to strengthen its presence in the country after most trade sanctions were lifted earlier this year.
In a statement, Renault said it would be the majority shareholder in the joint venture with Iranian investment fund IDRO.
Renault CEO Carlos Ghosn said there was "undeniable" potential in the Iran market. The joint venture will include a new manufacturing plant with a capacity to produce 150,000 vehicles per year. The carmaker already has an annual capacity of 200,000... read more

 
30 September 2016 in Business, Views: 39
Source: Reuters
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