French carmaker Renault unveils $360 million Iranian operation
By Agence France Presse (AFP)
Monday, July 26, 2004
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French carmaker Renault inaugurated its new Tehran headquarters on Saturday, part of its bid to establish itself as a major player in Iran's fast-growing automobile market. On show was the Logan, a budget compact family sedan the company is set to produce here as part of a joint venture between Renault Pars, the car giant's Iranian concern, a grouping of Iran's two main state-controlled carmakers Saipa and Iran Khodro.
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