Iran to supply French Peugeot cars to Middle East, North AfricaA French car production official said Wednesday that Iran will become Peugeot's top supplier in the Middle East and North Africa, Tehran Times daily reported. Peugeot's manufacturing plan for its market of Middle East and North Africa is one million cars in 2025, 75 percent of which would be produced in the region, the chairman of the managing board of PSA Peugeot Citroën, Carlos Tavares, said during his visit to Iran Khodro Company (IKCO). In the relevant remarks, executive vice president of Middle East and Africa of PSA Peugeot Citroën, Jean Christopher Quemard, told Iran's state TV earlier that his company would try to make Iran its manufacturing hub in the Middle East and North Africa in future. On Friday, France's Renault signed an agreement with Iran to establish production line of cars and after-sales service centers in the Islamic republic. The first vehicles to be produced in Iran will be under the brands of the Symbol and the Duster, beginning in 2018.

Source: The North Africa Journal October 06, 2016 02:15 UTC