Deputy Commercial Manager of SAIPA auto making group Hassan Baghaei said on Saturday that the group has inked a one-billion-dollar finance deal with South Korean company SK networks.
Iran's second major carmaker Saipa and the French giant carmaker Citroen will sign cooperation deal next month, Mehdi Jamali, CEO of Saipa, said.
The auto giant PSA Peugeot Citroen has become the first foreign company since the Jan. 16 implementation of the Joint Comprehensive Plan of Action to obtain a license from the Iranian government to invest in Iran Khodro Co. (IKCO), the biggest car manufacturer in the country; al-monitor reported.
