PARIS/DUBAI (Reuters) - Peugeot (UG.PA) and Renault (RNO.PA) are among Western firms sending executives to an automotive conference that opens in Iran on Saturday - firing the starting gun on a more overt race for post-sanctions business. The French carmakers are poised to resume vehicle sales in Iran, using a six-month easing of trade restrictions to reclaim their market position before the mass arrival of competitors behind any permanent detente that could follow. Production by Iran's domestic car industry, unusually developed for the Middle East, peaked at 1.6 million cars in 2011, the year crippling new sanctions were introduced. Leading manufacturer Iran Khodro accounted for about half of that output.
via Business News - Yahoo Finance http://finance.yahoo.com/news/french-carmakers-poised-scramble-reclaim-202040807.html
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