PSA had returned to Iran a few years ago but was forced to withdraw again in 2018 as the USA threatened it (and other companies active there) with sanctions. Although PSA itself is not active in the USA, Faurecia is. Consequently, the licence agreement with Iran’s Khodro was terminated again.
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Delivery numbers fell sharply in Q1 19
- Published:
25 Apr 2019 -
Author:
Hans-Peter Wodniok -
Pages:
2
PSA had returned to Iran a few years ago but was forced to withdraw again in 2018 as the USA threatened it (and other companies active there) with sanctions. Although PSA itself is not active in the USA, Faurecia is. Consequently, the licence agreement with Iran’s Khodro was terminated again.