Iran: Renault signs €660 mln deal to produce 150,000 cars a year in Iran

A three-way contract worth €660 million ($777 million) was signed between French car maker Renault, the Industrial Development and Renovation Organization of Iran (IDRO), and holding company Partov Negin Naseh in Tehran on Monday. Under the deal, the French car manufacturer will produce 150,000 vehicles a year in Iran, adding to its current output in the country. It will also establish customer... Еще service centres around the country. A further phase of automobile production is scheduled to follow in 2019. The deal comes following the lifting of worldwide sanctions against Iran under the Iran Nuclear Deal Framework, widely known as the Iran deal of 2015.

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