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.
