Renault seeks partner for Iran push image

Chief Performance Officer Jerome Stoll has disclosed the French automaker is aiming to resume Iran activities and is now seeking a financial partner that would support the business restart in the country.

Renault is currently in negotiations with both the US and French government on the matter, as the carmaker wants to resume activities in the country as soon as possible. Before the deterioration of diplomatic relations with the western world and subsequent economic sanctions, Renault enjoyed a leadership position on the Iranian automotive market and is now seeking to restart car manufacturing alongside its two local partners, Iran Khodro and Pars Khodro.

“What we are looking for is a financial partner, who will on their own as well comply with all the international regulations and which enable us to resume our activities in Iran,” said Stoll. “We are just trying to explain our position to the American administration and French administration as well. “

Back in January, the company said it restarted shipping cars to Iran and that it expected to gradually resume car production throughout the first part of the year. So far, Renault has been approached by both Turkish and international banks. The automaker sells in Iran the Tondar, which is essentially a locally made version of Dacia’s affordable sedan, which is shipped in kits to the country and assembled there.

Via Automotive News Europe