American automakers still barred from Iran: US

Iranians drive on a street in the capital Tehran on November 25, 2014US car manufacturers remain barred from doing business in Iran even though European automakers are eyeing huge deals as sanctions are eased against the Islamic republic, a US official said Tuesday. France’s PSA Peugeot-Citroen was in “intense” talks about resuming production in Iran, halted since March 2012, a company representative said in Tehran on Monday at the start of the Iran Auto Show. “As we have said previously, we do not consider Iran open for business, though our sanctions on foreign companies doing business with Iran’s auto sector are suspended,” he said, following an interim deal with Tehran on reining in its suspect nuclear program. “US companies are not permitted to engage in trade with Iran in the auto sector as a result,” he warned.

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