Published: Sunday, 27 August 2017 17:34
By: Mohammad Amin
Published in French Language EconomieMatin
The attractive trade table with Iran involves risks and obstacles that could cause damage.
After a lengthy negotiation, the Renault Group finalized a contract for a joint venture with Iranian carmakers on 7 August. According to the terms of the contract, Renault Group will hold 60% of the company shares, the Iranian state company IDRO (Industrial Development and Renovation Organization of Iran) will hold 20% and the remaining 20% will return to "Negin-Khodro" another apparently private company. The stated objective is to increase the production of different models of Renault vehicles in Iran to 150,000 units per year.