Contents tagged with PSA Group
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French automaker PSA Group preparing to leave Iran because of U.S. sanctions
The French automaker PSA Group is preparing to withdraw from Iran due to the threat of U.S. sanctions, reported France-Presse, citing a statement from the industrial group.
“The process to suspend joint venture activities has been initiated in order to adapt the situation to U.S. law before August 6, 2018,” the company said.
At the same time, the company’s headquarters stressed that “the company’s management is in contact with U.S. authorities in an attempt to reach an agreement on exclusion …