French carmakers poised to re-enter Iranian market - FT.com

French carmakers poised to re-enter Iranian market - FT.com:

"

Industrial push: exports of cars and heavy vehicles
constitute close to 20 per cent of GDP

The French car industry is in line for a cash windfall as well as the opportunity to reclaim its once dominant standing in the Iranian market following a thawing of relations between Tehran and the international community.
Renault, which was selling nearly 100,000 cars a year in Iran before sanctions came into force, still has around €200m frozen in the country that could be returned to its French coffers, according to people with knowledge of the group.
The French group is also hopeful that it can win back a large part of the market share it once had in the Iranian car market, where total sales hit 1.6m in 2011, the year before new sanctions were introduced by the US and other world powers."

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