Posted on 05/23/2006 4:41:50 AM PDT by Flavius
TEHRAN (Reuters) - Iran will sign a contract with France's Renault by Friday to produce the no-frills Logan model in a deal Tehran hopes will revive moribund foreign investment, the industry minister said on Tuesday.
A Renault spokesman in Tehran said an agreement had been reached and the deal should be signed in the next few days. Analysts reckon Renault's investment will be about $2 billion (1.1 billion pounds).
Iran has been negotiating with Renault to get a 20 percent share of worldwide exports of the Logan (L90) cars built in Iranian plants. The industry and mines ministry suspended the deal until Renault accepted its terms.
"As all of Iran's conditions have been accepted, the L90 final contract will be signed by the end of this week," Industries and Mines Minister Alireza Tahmasbi was quoted as saying by the official IRNA news agency.
Iran's week ends on Friday.
(Excerpt) Read more at today.reuters.co.uk ...
The french bottom feeders are at it again.
May as well buy cheap cars, they're just eventually going to be blown up.
Actually, this may be a strategic move. Renault's are known for being pieces of crap. They'll break down shortly after they're purchased, clog the streets and prevent the Iranian armed forces from defending against the "Great Satan".....
May as well buy cheap cars, they're just eventually going to be blown up.""
The sooner the better......
The French have shown their true colors again.
With all the countries in the world, couldn't they find a better country to try and build cars??
"With all the countries in the world, couldn't they find a better country to try and build cars??"
That's because field tests made in France last summer show that Renaults are more flammable than other cars, thus providing more energy.
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