PARIS: PSA on Wednes­day reported a rise in car unit sales for 2016 thanks to business in Iran which the carmaker is including again after the end to sanctions against Tehran.

With the integration of sales from joint ventures and licence agreements in Iran, Peugeot booked a rise in deliveries of 5.6pc. On a comparable basis, without the integration of the Ira­nian contribution, the figure dropped by 2pc from 2015.

The group’ s three brands Peugeot, Citroen and DS, sold just over three million cars last year, of which 233,000 were produced under licence in Iran.

In 2015, the group sold 2.9 million units. PSA’ s post-sanctions return to Iran resulted in joint ventures with local companies Iran Khodro and Saipa, and a partnership with Arian Motor.

These partners continued to build and sell Peugeot cars under licence for four years during the sanctions regime, but PSA did not consolidate these sales into its accounts until 2016.

Published in Dawn, January 12th, 2017

Opinion

Editorial

Warming ties
05 Jul, 2022

Warming ties

BILATERAL ties with the US are clearly on the mend after an extensive rough patch under the PTI government. While ...
LNG emergency
Updated 05 Jul, 2022

LNG emergency

The problem is that Pakistan does not have sufficient cash at the moment to buy even a single LNG cargo at present prices.
The invisible half
05 Jul, 2022

The invisible half

WHAT better illustrates the Afghan Taliban’s misogynistic and mediaeval worldview than the fact that not a single...
Wise counsel
Updated 04 Jul, 2022

Wise counsel

Fuelling the fires of communalism for petty political gains is dangerous and can have a long-lasting impact on India’s stability.
Hazardous waste
04 Jul, 2022

Hazardous waste

GIVEN we have not yet developed streamlined systems for managing locally produced hazardous waste, we are inviting...
Mob ‘justice’
04 Jul, 2022

Mob ‘justice’

OVER the past few days, a string of deadly incidents has been reported from Karachi in which enraged mobs have...