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Renault to remain in Iran despite risk of US sanctions, CEO says
AFP via France 24 ^ | 2018-06-15

Posted on 06/16/2018 3:26:52 AM PDT by Olog-hai

French carmaker Renault will maintain its presence in Iran while taking measures to avoid the risk of penalties for breaching renewed US sanctions, CEO Carlos Ghosn said Friday.

“We will not abandon it, even if we have to downsize very strongly,” he said at the annual shareholders’ meeting in Paris. “When the market reopens, the fact of having stayed will certainly give us an advantage,” he predicted. […]

Renault’s rival PSA, which produces the Peugeot and Citroën brands, has also announced it will quit Iran to abide by the US sanctions.

But Ghosn signaled that Renault, which counted 160,000 cars sold in Iran last year out of its total 3.76 million, would try to stay in the country.

“We have a future in Iran,” he insisted. …

(Excerpt) Read more at france24.com ...


TOPICS: Business/Economy; Local News; Travel
KEYWORDS: brazil; carlosghosn; citroen; emmanuelmacron; europeanunion; eussr; france; hamas; hassannasrallah; hezbollah; interpol; iran; jcpoa; jordan; lebanon; macron; peugeot; psa; renault; rop; russia; syria; turkey; waronterror
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1 posted on 06/16/2018 3:26:53 AM PDT by Olog-hai
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To: Olog-hai

Does Renault even sell cars in the US anymore? The last Renault I recall was a long time ago. I know they once were part of AMC but they disappeared when Chrysler bought them. How long ago was that?


2 posted on 06/16/2018 3:39:44 AM PDT by xp38
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To: xp38

“Does Renault even sell cars in the US anymore?”

That’s what I’m thinking too. I haven’t seen a Renault nor a Renault dealership in decades. Appears to me that Renault’s decision to ignore the possibility of US sanctions is zero risk proposition for Renault.


3 posted on 06/16/2018 3:52:38 AM PDT by snoringbear (W,E.oGovernment is the Pimp,)
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To: xp38

Does Renault even sell cars in the US anymore?


I am trying to remember the last time I saw a Renault in the U.S.


4 posted on 06/16/2018 3:53:04 AM PDT by marktwain (President Trump and his supporters are the Resistance. His opponents are the Reactionaries.)
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To: xp38
Renault left the US in the 70's....I think. Though there was some Renault parts in AMC's and Jeeps for a while after and there are still some Renault influences and parts in some of the Mitsubishis.

Their Iran play is stupid but I won't rag on them too much. They did play a part in keeping the Jeep alive.

5 posted on 06/16/2018 4:16:13 AM PDT by Politically Correct (A member of the rabble in good standing)
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To: Olog-hai

The Froggies have it down pat. The Iranians can convert a Renault vehicle into a bomb delivery vector in about 30 minutes, including appropriate factory installed wiring harnesses.

Tick, tock Renault. Build bomb shelters in your factories, You’re gonna need them.


6 posted on 06/16/2018 4:21:34 AM PDT by Candor7 ((Obama Fascism)http://www.americanthinker.com/articles/2009/05/barack_obama_the_quintessentia_1.html)
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To: Politically Correct

My Dad had a Renault wagon. A few years later, the same model was being sold as an AMC Eagle.

>> They did play a part in keeping the Jeep alive. <<

You say that like it’s a GOOD thing?!


7 posted on 06/16/2018 4:21:49 AM PDT by dangus
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To: dangus

The French copy no one, and no one copy the French. /Click and Clack


8 posted on 06/16/2018 4:23:37 AM PDT by steveyp
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To: marktwain

Nissans are Renaults, Renaults are Nissans. Renault bought into Nissan some years ago and is the controlling shareholder.


9 posted on 06/16/2018 4:48:14 AM PDT by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: xp38

Don’t know about cars, but some 25 years ago Mack Truck was having financial troubles, and was joined by Renault for a bit. Mack used R diesel engines in some trucks. A friend had rollback truck wth an R engine. It was so under-powered it couldn’t pull a sick baby off a pottychair!


10 posted on 06/16/2018 4:56:50 AM PDT by Tucker39 ("It is impossible to rightly govern a nation without God and the Bible." George Washington)
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To: xp38

AFAIK, the last year was 1987.


11 posted on 06/16/2018 5:17:01 AM PDT by Olog-hai ("No Republican, no matter how liberal, is going to woo a Democratic vote." -- Ronald Reagan, 1960)
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To: Spktyr
From last month...

Renault-Nissan merger unlikely before 2020, CEO Ghosn says

12 posted on 06/16/2018 5:20:22 AM PDT by mewzilla (Has the FBI been spying on members of Congress?)
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To: dangus
Still love my Jeep Wrangler Rubicon.

It's a Jeep thing....you wouldn't understand.

13 posted on 06/16/2018 5:22:21 AM PDT by Politically Correct (A member of the rabble in good standing)
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To: Olog-hai

I guess they raised the white flag then. Dittos for other French cars like Peugeot and Citroen. Other cars not seen in a long time.


14 posted on 06/16/2018 6:08:23 AM PDT by xp38
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To: xp38

Nissan is the majority shareholder in Renault now. Has been for some time. (That kind of explains the weird styling of modern Nissan cars.)


15 posted on 06/16/2018 6:15:42 AM PDT by Afterguard (Deplorable me!)
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To: Afterguard

I think it’s the other way around; Renault is the principle shareholder in Nissan.


16 posted on 06/16/2018 6:18:42 AM PDT by jjotto ("Ya could look it up!")
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To: jjotto

Not sure which way it is, but Ghosn is head of both companies.

Is he really suggesting he would risk Nissan’s presence in America to support Renault’s in Iran?

That would be foolish. Trump had no problem taking on Huawei....


17 posted on 06/16/2018 7:20:22 AM PDT by beancounter13
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To: beancounter13

Ghosn is CEO of Renault, but not Nissan. CEO of Nissan is a Japanese guy. Ghosn is Chairman of the Board of Nissan, indicating its control by Renault.

It can be argued there’s too many players in the American auto market. Renault has opted out, and maybe Renault believes Nissan should too, although a presence in Iran is not likely to be a decisive factor. The auto market is changing dramatically.


18 posted on 06/16/2018 7:30:32 AM PDT by jjotto ("Ya could look it up!")
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To: Politically Correct

Oh, no. Don’t tell me I’ve crossed a Rubicon!


19 posted on 06/16/2018 7:59:18 AM PDT by dangus
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To: dangus
Heh!

I see what you did there.

20 posted on 06/16/2018 6:49:17 PM PDT by Politically Correct (A member of the rabble in good standing)
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