PSA Group
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US Sanctions Slash PSA’s MENA Sales
EghtesadOnline: PSA Group’s sales in the Middle East and North Africa plunged 68.4% in the first half of 2019, punished by the automaker’s forced withdrawal from Iran under the threat of US sanctions.
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US Sanctions Against Iran Hurting Renault, Peugeot
EghtesadOnline: French automotive companies PSA Group and Renault have linked declines in their first-quarter revenues to their forced withdrawal from Iran under threat of US sanctions.
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French Carmakers to Offer Packages to Remain in Iran
EghtesadOnline: French carmakers, PSA Group and Renault have held talks with Iranian officials during recent weeks to come up with “packages” to preserve their operations in the country.
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Renault, PSA in Marathon Talks to Maintain Iran Operations
EghtesadOnline: French carmakers, PSA Group and Renault, through talks with their Iranian counterparts and local and foreign authorities, are deliberating over ways to remain in Iran’s market…
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New Price Rise for Peugeot 2008 in Iran
EghtesadOnline: Peugeot 2008, the first product of a joint venture between the largest domestic automaker Iran Khodro and the French PSA Group, does not seem capable of finding a way out of price…
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PSA Confident Iran Market Will Deliver
EghtesadOnline: While banking hurdles and a volatile forex market have hindered PSA Group’s operations in Iran, the French company’s executive vice president for Africa-Middle East says it is…
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French Carmakers Reiterate Appeal of Iranian Market
EghtesadOnline: The Fifth Iran Automotive Industry International Conference opened Tuesday at the iconic Milad Tower in north Tehran. Managing directors from French automotive companies PSA Group…
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Iranian Parts Makers Asked to Collaborate in Peugeot’s Algeria Venture
EghtesadOnline: Iranian parts makers will collaborate with PSA Group on the production of vehicles under Peugeot brand in Algeria, the French automotive giant’s executive vice-president and purchasing…
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As Iran Sales Grow Peugeot Profits Rise to €2 billion
EghtesadOnline: French automaker PSA Group posted an 11% increase in H1 profits following the repatriation of profits from Peugeot’s much older 206 and 405 models currently produced by Iran Khodro.
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PSA Group Positive Numbers in H1 Backed by Iran Sales
EghtesadOnline: PSA Group has released sales data for the first-half of 2017 indicating that Iran helped it increase overall sales despite downturn in revenue elsewhere.
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Iran 86.5% of PSA Group MENA Sales
EghtesadOnline: Data on global automaker PSA Group has been released in the French media with Iran outperforming all other regions in sales for the first quarter of 2017.
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PSA Group Registers 464% Q1 Growth in MENA Region
EghtesadOnline: French automaker PSA Group in a press release said that the company’s global sales in the first quarter of 2017 amounted to €13,629 million, of which €9,018 million was for the…
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Peugeot's New Crossover Could Cost $24,000
EghtesadOnline: Iran Khodro (IKCO) and PSA Group's new joint venture IKAP will reportedly sell Peugeot's 2008 crossover for 900 million rials ($24,000), the local automotive website Persian Khodro…
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Peugeot poised to buy GM's Opel, creating European car giant
EghtesadOnline: France's PSA Group is set to announce a deal to buy Opel from General Motors on Monday after striking an agreement with the U.S. carmaker and winning the blessing of its board…
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Peugeot has extensive plans for collaboration with Iran; top official
EghtesadOnline: PSA Group vice president has elaborated his company's plans for cooperation between Iran and France.
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Peugeot, Citroen ‘Accelerating’ Footprint Into Iranian Market
EghtesadOnline: PSA Group, which includes Peugeot, Citroen and DS Automobiles, is trying to increase the momentum of its reentry into the Iranian market, an official of the company told the press…
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Citroen Eyes 30% Share of Iran's Market
EghtesadOnline: Chief executives of PSA Group’s Citroen and SAIPA held a joint press conference at the weekend during which the French director said that Citroen is aiming to claim a 30% share…
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Trump's strong Iran stance could benefit the French automaker Peugeot
EghtesadOnline: France's PSA Group is pushing ahead with an Iranian plant investment and production ramp-up in the face of a hardened U.S. stance against Tehran under President Trump that could…
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Peugeot Deliveries Propelled by Sales in Iran
EghtesadOnline: French carmaker PSA Group said global vehicle deliveries rose by 5.8% last year, propelled by strong sales of its Peugeot brand in Iran and the continuation of the European auto…