Thursday Oct 31, 201307:22 PM GMT
Iran bans cripple Peugeot Citroen: Deputy minister
On April 5, the French auto-manufacturing group PSA Peugeot Citroen suspended operations at one of its factories because of a halt to shipments of spare parts from Iran. (File photo)
On April 5, the French auto-manufacturing group PSA Peugeot Citroen suspended operations at one of its factories because of a halt to shipments of spare parts from Iran. (File photo)
Sun Jul 22, 2012 4:35PM
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  • Iran has broken many new grounds in automobile industry and in addition to filling the empty space of Peugeot in supplying spare parts, it has introduced new brands [of cars] to the market."
  • Iran’s Deputy Minister of Industry, Mines and Trade, Mohsen Salehinia
Iran’s deputy minister of industry, mines, and trade says imposing sanctions against Iran has crippled the French company Peugeot Citroen and the recent layoffs at the company justify the argument.


“Iran has succeeded to not only supply spare parts for Peugeot cars it manufactures, but also to design and market other cars,” Mohsen Salehinia told Mehr News Agency on Sunday.

Referring to the layoffs of French workers at Peugeot after the company imposed sanctions on Iran, the official said Peugeot officials thought that by withholding spare parts from Iranian carmakers, domestic automobile industry will not be able to survive.

“Iran has broken many new grounds in automobile industry and in addition to filling the empty space of Peugeot in supplying spare parts, it has introduced new brands [of cars] to the market,” he added.

The Iranian deputy minister stated that although all layoffs at Peugeot are not due to the sanctions imposed against Iran, these embargoes are believed to be one of the main factors which have crippled Peugeot.

On Thursday, April 5, the French auto-manufacturing group PSA Peugeot Citroen suspended operations at one of its factories in northeastern France because of a halt to shipments of spare parts to Iran.

The comments come a few days after the automaker temporarily laid off 220 workers at its Vesoul factory in northeastern France for the month of April because of a slowdown caused by the lack of spare parts from Iran.

PSA Peugeot Citroen stopped its trade with Iran on February 20 after the enforcement of US-led financial sanctions against the Islamic Republic over the issue of its nuclear energy program.

The French car making group has also halted its exports of vehicles to Iran, which accounted for around 13 percent of the firm’s global deliveries last year.

Washington and some of its European allies claim Iran's nuclear activities include a military component and based on this allegation, they have imposed a raft of sanctions on Tehran.

Iran rejects Western claims, arguing that as a committed signatory to the nuclear Non-Proliferation Treaty and a member of the International Atomic Energy Agency, it has the right to use nuclear technology for peaceful purposes.

SS/PKH/AZ

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