Saipa in talks with Citroen, Renault, Kia Motors
. Author: mbncom
Iranian car manufacturing company Saipa is conducting negotiations with French automakers, Citroen and Renault, as well as South Korea's Kia Motors Corporation, announced the company's CEO.
Speaking to the Tasnim News Agency, Mahdi Jamali pointed to Saipa's plans for cooperation with major international automakers and said that the company is in talks with France's Citroen but not with Peugeot.
He added that Saipa has also entered in talks with Kia Motors Corporation headquartered in South Korea.
"In addition to the two companies, we are also in talks with Renault," he said, adding that Renault is not going to work in joint production with Iran Khodro, Saipa's rival company in Iran.
Iran's automotive industry is the second largest industry in the country, after its oil and gas, accounting for 10 percent of the country's gross domestic product.
The industry is expected to grow significantly after Iran and the six world powers reached a conclusion on the text of a comprehensive deal on Tehran's nuclear program in July 2015 and started implementing the agreement on January 16.
The nuclear deal between Iran and the P5+1 (Russia, China, the US, Britain, France and Germany) terminated all nuclear-related sanctions imposed on Iran.
Source:Irandaily
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