VOL. XXXIV

NO. 9

3-DECEMBER-1990

Iran

Renault Enters New Agreement with Saipa for Car Assembly

Renault SA, the state-owned French automobile manufacturer, has entered intoa joint-venture protocol agreement worth FF500mn ($100.5mn) with Iran'sstate-owned Saipa car makers for the assembly of 40,000 cars per year. Theletter of intent calls for the assembly of 20,000 Model 21 saloon and estatecars per year beginning mid-1991, according to Renault headquarters in Paris.After 1995, output would increase...