Peugeot on its way to Iran

According to sources privy to the negotiations between Iran and France, an agreement between Iran's Khodro company and Peugeot has been reached. It is estimated to be worth €0.5 billion. According to the agreement, Peugeot cars will be produced in the Islamic republic of Iran.

According to Iran.ru, the companies will create a joint venture, which is to produce three models of Peugeot. Two models are to be created especially for Iranian conditions.