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Western carmakers to face Chinese competitors in Iran if sanctions lift

European manufacturers aim to return to the country if sanctions are eased under a proposed nuclear pact

Published Thu, Apr 16, 2015 · 09:50 PM

Paris

WHEN Mohammad Kolahi wanted to replace his French Peugeot sedan this year, the Teheran business consultant looked East instead of West.

A friend was already driving a JAC J5, an Italian-designed four-door assembled in Iran for Chinese carmaker Anhui Jianghuai Automobile Co. Mr Kolahi paid 570 million rials (S$27,300) for an automatic-transmission version about a month ago - or about 30 per cent less than other comparable new cars he considered.

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