IRAN

Peugeot Talbot Terminates Manufacture of Car Kits for Iran

Peugeot Talbot of the UK has removed the possibility of resuming the shipment of car kits for assembly in Iran by Iran Khodro by dismantling the machinery used to manufacture them. A spokesman said on 26 August that production had been suspended last December due to Iran's failure to pay for stocks due for shipment, and that "we have permanently terminated our Iran manufacturing capability by dismantling...