French source: Peugeot to return to Iran under new deal

A French government source says a deal that will see carmaker Peugeot return to the Iranian market will be signed Thursday as Iranian President Hassan Rouhani visits France.

Peugeot and its French partner Citroen will work with Iran’s Khodro to produce 200,000 vehicles a year, using parts manufactured in Iran, and the first vehicles will roll off the production line in 2017, the source says.

— AFP

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