|
Trending Topics
|
Looming Sanctions Could Cripple Iran's Auto Industry
(Markets Insider) Gina Heeb - Iran's auto industry benefitted when the U.S. lifted sanctions as part of the nuclear deal in 2015. But as companies like PSA Peugeot Citroen, which accounted for nearly 30% of market share last year, withdraw and halt planned investments in Iran, analysts think the country's auto industry could be hurt. Analysts at Fitch's BMI forecast an 18% decline in vehicle production in Iran in 2018.