By on May 3, 2012

Sanctions imposed on Iran by the EU and the United States have compelled PSA to delay parts shipments to Iran Khodro until September at the earliest.

Iran Khodro needs parts to build cars like the 206 and the ancient (by modern standards) 405. The delays are expected to cost both parties about $10 million per month.

Speaking to Just-Auto, a PSA spokesperson said

“We have withheld shipments to Iran until July…It is for financing reasons because of the sanctions. I guess in May or June it will be reviewed. Most factories are closed in France in August, so if you start again it will be in September.”

Some have suggested that General Motors, which has entered into an alliance with PSA, has put pressure on the French firm to suspend or end its ties with the Iran Khodro, but GM steadfastly denies this.

Just-Auto also spoke to an Iran Khodro spokesman who was optimistic that the company could find replacement parts, and expressed hope that negotiations regarding Iran’s controversial nuclear program would go well, leading to a resumption of business as usual. PSA’s Iranian business interests are worth $1.57 billion, or 1.5 percent of PSA’s total revenue.

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6 Comments on “Sanctions Cause PSA To Suspend Iran Khodro Shipments...”

  • avatar

    Perhaps they could shift some of the workers they are using to build nuclear weapons to kill all the Jews into the factories which produce their old cars. I know a lot of people around the world that would support such a move.

    Here’s the deal. Stop threatening to kill everyone who isn’t Muslim, and we’ll let you get car parts.

    We’ll even perhaps start sending Chevrolet Impalas over there. It’s been a while since you got a chance to drive your favorite American cars, hasn’t it? Well, you should see the 2012 Impala! And the 2013 is even better!

  • avatar

    I think we know what’s going on here.

    Iran is amassing an arsenal of 206- and 405-shaped nuclear missiles.

  • avatar

    Interesting article.

  • avatar
    Pastor Glenn

    The sad truth is that if Peugeot walks away, the Iranians will simply get cheap car parts – supposedly to spec – from the Chinese.

    The other problem is that the Iranians don’t have access to the international banking clearinghouse, so how can they pay for parts from anyone anyway? (This was surely done at the ‘request’ of our own USA gov’t). Even the soviet union didn’t get this treatment even while we were in the midst of the cold war.

    BTW, stopping cross-national banking is for all intents and purposes, a declaration of war.

    Can you imagine what the US might consider doing if for example the Chinese said “nobody can bank or trade with the Americans or we won’t trade with you and we’ll punish you.”

    • 0 avatar

      Stop trying to find some sort of moral equivalency, because it just isn’t there. Iran has been an unpredictable, dangerous pariah state for more than 30 years, in case you haven’t noticed.

  • avatar

    Do they know that “PSA” stands for “prostate specific antigen”, the prostate cancer test? Just asking…

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