Iran Khodro and Peugeot

western sanctions: The two would work with Iran Khodro to produce 200,000 vehicles a year using parts manufactured in Iran and the first vehicles would roll out in 2017, AFP said, according to Deutsche Welle. Peugeot pulled out of Iran in 2012 after western sanctions were imposed on the country over its nuclear program. The president was also due to sign a deal with French carmaker Peugeot, which is planning to return to the Iranian market with its partner Citroen, French news agency AFP quoted a source as saying. Rouhani arrived in Paris after a trip to Rome earlier this week. The president signed 14 agreements worth billions of euros in areas such as energy, industrial machinery, shipbuilding and transportation with Italy. At a press conference in the Italian capital, Rouhani insisted his country was open to working with the US. "If American investors and the heads of the American economy want to come to Iran and invest in my country, there are no problems from our point of view," he said. (news.financializer.com). As reported in the news.