Saipa-PAN Relationship Has Mutual Benefits

BMI believes Iranian carmaker Saipa's partnership with Peugeot Automobiles Nigeria (PAN) should be mutually beneficial, in that it will increase production in the Nigerian autos sector, which has been on the slide, and provide new trading partners for Iranian companies in the wake of EU and UN sanctions. Saipa, which recently lost South Korea's Kia Motors as a partner, will team up with PANTECH, a subsidiary of PAN, for sales and production of Saipa cars in

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