PSA Group and Iran Khodro sign JV agreement

The PSA Group and Iran Khodro have signed the final joint venture agreement to produce latest-generation vehicles in Iran. This 50/50 joint venture is expected to invest up to €400 million over the next five years in manufacturing and R&D capacity. The capacity to export joint-venture products across the region. million vehicles in 2011. BriefBrought to you by: Electric Vehicles

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