[LEM]

After sanctions against Iran were removed Peugeot announced that, from late 2017, it will begin producing cars in the Middle Eastern country.

The company will work with local ally Iran Khodro, investing some 400 million euros over five years on upgrading and improving its 50-year-old factory near Tehran.

http://www.carscoops.com/2016/02/peugeot-to-produce-cars-in-iran-from.html

 

[Caterpillar]

Peugeot enjoyed a lot of success in countries in the Middle East, especially Iran, back in it's hay day. Peugeot, as a brand, means more to the Middle East than you realise.