• About Us
  • Write For Us
  • Advertising
  • Support
  • Contact Us
September 30, 2023 8:52 am CDT
Heartland Newsfeed
  • Illinois
    • Local
      • Capital Area
      • East Central Illinois
      • West Central Illinois
    • Regional
      • Chicagoland
      • Metro-East
      • Northern Illinois
      • Quad Cities
      • Southern Illinois
    • Obits
    • Executive Watch
    • Legislative Watch
    • Road Conditions
      • Illinois
    • Weather Closings
      • Central Illinois
  • Missouri
    • Regional
      • Northeastern Missouri
      • East Central Missouri
      • St. Louis Metro
      • Southeast Missouri
    • Executive Watch
    • Legislative Watch
    • Weather Closings
      • Greater STL Metro (IL/MO)
    • Road Conditions
      • Missouri
  • Weather
  • National
  • World
  • Sports
  • Entertainment
  • OPINION
  • Radio
    • Affiliates
    • Network Schedule
    • Network Streams
    • Podcasts
  • Features
    • Business Directory
    • Classifieds
      • Current Ads
      • Job Board
        • Job Listings
        • J2CTalroo
        • Post a Job
        • Receive Alerts
        • ZipSearch
    • Community Calendar
    • Live Video
    • Newsfeeds
    • Puzzles & More
  • Store
  • Deals
  • Calendar
No Result
View All Result

No products in the cart.

Heartland Newsfeed
No Result
View All Result

Renault signs deal to make 300,000 cars per year in Iran

United Press International by United Press International
August 7, 2017 - Updated on August 8, 2017
in Automotive News, Business & Lifestyle, Business News, Financial News, Life & Style, World
Reading Time: 2 mins read
Donate
0
PARIS/TEHRAN (UPI) — French automaker Renault announced a joint venture with Iranian authorities on Monday, despite U.S. efforts to isolate Iran economically.
Executives of Renault and Iran’s Industrial Development and Renovation Organization celebrate the signing of a deal in Tehran Monday — by which Renault will make up to 300,000 vehicles per year near Tehran. (Photo courtesy Press TV)
The $779 million deal between Renault, Iran’s state-run Industrial Development and Renovation Organization and privately-held Parto Negin Naseh, calls for up to 300,000 cars per year to be built at a factory in Saveh beginning in about 18 months. Monday’s agreement calls for 30 percent of Renaults manufactured in Iran to be exported. The first phase of the deal calls for 150,000 vehicles. The pact comes after PSA Group, maker of Peugeot and Citroen vehicles and Renault’s French rival, began discussions to build cars for the Iranian market. It also followed the easing of trade restrictions against Iran after an agreement limiting Tehran’s nuclear program. The Trump administration has shown antagonism toward the nuclear deal, which could potentially put the landmark 2015 agreement at risk. The United States retaliated against an Iranian space launch in June with sanctions against six Iranian companies. Despite trade restrictions, Renault has had a manufacturing presence in Iran since 2004. “We are happy to sign one of Renault’s most historical contracts here,” said Renault representative Thierry Bollore at the signing ceremony Monday in Tehran. “Within Renault, Iran is known for its great industrial potential, its automotive industry infrastructure, strong human resources and unique geopolitical position. Renault has proved its commitment with a nonstop presence in Iran since the beginning of its operation in 2004, and this signing confirms our strong intent and commitment for long-term operations as a strategic partner of Iran’s automotive industry.” Written by UPI Writer Ed Adamczyk
United Press International
+ posts

United Press International is an international news agency whose newswires, photo, news film, and audio services provided news material to thousands of newspapers, magazines and radio and television stations for most of the 20th century.

  • United Press International
    https://www.heartlandnewsfeed.com/author/upi/
    Amazon to hire 250,000 workers for holidays
  • United Press International
    https://www.heartlandnewsfeed.com/author/upi/
    14 dead after plane crashes in Amazon
  • United Press International
    https://www.heartlandnewsfeed.com/author/upi/
    Coinbase to lay off more than 900 employees
  • United Press International
    https://www.heartlandnewsfeed.com/author/upi/
    Samsung announces disappointing 3Q results

Share this:

  • Twitter
  • Facebook
  • LinkedIn
  • Reddit
  • Tumblr
  • Telegram
  • Print
  • Email

Like this:

Like Loading...
Tags: £300000carsdealIranRenaultsignsyear
Share196Tweet123Share5Send
  • Workforce training center opens in Litchfield

    1497 shares
    Share 599 Tweet 374
  • Missouri law to crack down on porch pirates

    980 shares
    Share 392 Tweet 245
  • Missouri Dems critical of proposed tax cut

    959 shares
    Share 384 Tweet 240
  • No management pay raises in UPS deal

    917 shares
    Share 367 Tweet 229
  • McARDLE PAPERS: The most corrupt committee in the national Libertarian Party

    915 shares
    Share 366 Tweet 229

OPERATING HOURS

Online all the time 
Office Hours: 8 AM to 8 PM

Sitemap | Published Press | Privacy Policy
Staff Email | Independent Media | Buy traffic for your website

LIVE WEBSITE VIEWERS

Some rights reserved 2017-2023 by Heartland Newsfeed, a subsidiary partnership by Heartland Internet Media Networks and Heartland Media Group of Central Illinois LLC. Content published by Heartland Newsfeed staff is covered by the BipCot NoGov license. This allows use and re-use by anyone except governments and government agents. License on record. JNews theme designed and developed by Jegtheme.

No Result
View All Result
  • News
    • Politics
    • Business
    • World
    • Science
  • Entertainment
    • Gaming
    • Music
    • Movie
    • Sports
  • Tech
    • Apps
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Food
    • Fashion
    • Health
    • Travel

Some rights reserved 2017-2023 by Heartland Newsfeed, a subsidiary partnership by Heartland Internet Media Networks and Heartland Media Group of Central Illinois LLC. Content published by Heartland Newsfeed staff is covered by the BipCot NoGov license. This allows use and re-use by anyone except governments and government agents. License on record. JNews theme designed and developed by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

WP Radio
WP Radio
OFFLINE LIVE
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00
%d bloggers like this: