France's largest carmaker agrees to pay a cool $446 million to revive relationship with Iran

Reuters French car-maker PSA Peugeot Citroen will pay Iran over $446 million (400 million euros) in compensation for losses after it quit the country due to sanctions, the managing director of the country's largest carmaker said on Sunday. Peugeot, the biggest-selling European carmaker in pre-sanctions Iran, suspended sales in 2012 when an international boycott against Iran due to its nuclear program was extended to the automobile sector. Most sanctions were lifted in January. "Based on the ded...