Finalization of a deal between the Iranian government and Renault SA for local production of entry-level cars is being delayed several weeks. The plan calls for production of Renault’s so-called €5,000 ($5,452) car, codenamed X90, and originally was expected to become official in July or August. It now is unlikely to be completed before late September or October. Renault Chairman and CEO Louis Schweitzer signed a letter of intent with the Industrial Development and Renovation ...
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