Iran car maker says French politics hampering ventures
Agence France-Presse – 09 October, 2008

 

The chairman of Iran’s biggest car maker accused France of “inappropriate
policies”, which he said are hampering joint ventures in a country where
French manufacturers have a 40 to 50 percent market share.

France is Iran’s biggest trading partner but “surprisingly, in financial
matters their treatment of us is like one with a country of few bilateral
ties,” Manouchehr Manteghi, chairman of Iran Khodro Company (IKCO), told
AFP.

In July, IKCO, Iran’s biggest car company, celebrated the 20th year of
cooperation with Peugeot, whose 405 and 206 ranges it manufactures under
licence.

Seven different Peugeot models accounted for about 64 percent of the total
542,000 passengers cars and pickups produced by Manteghi’s company in 2007.

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