Last year, it generated $6.3 million in gross revenue from its Iran petrochemical business, according to the company’s annual report. Renault executives expect the company should be able to continue its operations if U.S. sanctions return, according to a person familiar with the matter. That is because most of the parts that go into the cars will be made in Iran, this person said. An Airbus spokesman said it would continue to comply with any regulations related to the Iran deal. Iranian officials, meanwhile, say they will cope.

Source: Wall Street Journal May 08, 2018 08:46 UTC