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All tagged Renault
◢ Tehran on Saturday urged foreign firms working in Iran to resist US "threats" of sanctions, adding it was in talks with French car makers about staying on in the country. "All (foreign) companies working in Iran should not be intimidated by US threats and should continue their activities in Iran," Industry Minister Mohammad Shariatmadari told a news conference in Tehran.
◢ Most French companies hoping to keep doing business in Iran after the US imposes new sanctions on the country will find it impossible to do so, Finance Minister Bruno Le Maire said Tuesday. These companies "won't be able to stay because they need to be paid for the products they deliver to or build in Iran, and they cannot be paid because there is no sovereign and autonomous European financial institution" capable of shielding them," Le Maire told BFM television.
◢ French carmaker Renault will maintain its presence in Iran while taking measures to avoid the risk of penalties for breaching renewed US sanctions, CEO Carlos Ghosn said Friday. "We will not abandon it, even if we have to downsize very strongly," he said at the annual shareholders' meeting in Paris.
