Renault Pars

Status:
Risk Alert – Entity in a problematic sector – Sector controlled by the Top Alert entities

Info:
Renault Pars is an Iranian joint venture established in 2004 and owned by Renault and Iran’s Industrial Development Renovation Organisation (IDRO);

The company is in charge of managing the assembly of CKD Renault cars by local manufacturers Iran Khodro and Iran Saipa’s Pars Khodro;

The company is held 51% by Renault, French leading automotive company, pioneer in the production of zero emission and eco friendly vehicles in the world and 49% by AIDCO, Automotive Industrial Development Company;

Established:
24 March 2004

Industry:
Automotive Industry

Country:
Iran

Address:
Tehran Iran

Managed by:
Renault (51%)
IDRO Group (49%)

Reason for the color:
» Renault was the only western carmaker company that did not leave the country and maintain its presence in Iran while taking measures to avoid the risk of penalties for breaching renewed US sanctions when the sanctions against Iran intensified;

You May Be Interested