Three automakers from Sweden, Germany and France will resume operations in Iran when a July nuclear accord goes into effect, instead of moving to impoverished East-EU states to support their economy. Iran is also in talks with Italian and Japanese carmakers for cooperation but they still have to reach an agreement, he told reporters on the sidelines of an Iran-Finland trade forum in Tehran on Tuesday. “We... 

Employees of French automaker Peugeot-Citroen (PSA) from Aulnay-sous-Bois, near Paris, demonstrate in protest at job cuts in front of the Paris Motor Show in Paris, September 29, 2012. The French automaker Peugeot has experienced an estimated four billion euros in lost sales after cutting ties with the Iranian automaker Iran Khodro under pressure from an American partner company, Press TV reports. Peugeot’s... 

The logo of French car maker PSA Peugeot is seen on a car parked in front of French Economy minstry in Paris, September 11, 2012. French auto-giant Peugeot has reported a 16.5 percent drop in sales of cars and spare parts worldwide as Europe’s financial crisis takes its toll on the country. The business, known fully as PSA Peugeot Citroen, recorded worldwide unit sales in 2012 of “assembled vehicles...