SAIPA to produce Citroen crossover in Iran

SAIPA is set to produce a subcompact crossover based on Citroen C3, which is an exclusive model offered by the Franco-Chinese joint venture Dongfeng Peugeot-Citroen in the Chinese auto market.

The CEO of SAIPA visited Paris last week and met with his PSA Group counterpart Carlos Tavares, the Iranian company’s press office reported.

SAIPA and PSA Group’s subsidiary Citroen signed a 50-50 joint venture in late 2016, based on which the Paris-based carmaker is obliged to invest more than €300 million ($352 million) in Iran over the next five years.

SAIPA chief Mohsen Jahrodi announced that collaborations between SAIPA and Citroen will be expanded.

Source » Iranproject

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