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TEHRAN， June 22 (Xinhua) -- Iran's major car manufacturer Iran Khodro and French car manufacturer Peugeot-Citroen (PSA) agreed to launch a joint company in Tehran for car production， Tasnim news agency reported Wednesday.


The 50-50 joint venture， if finalized， would be worth 400 million euros， the report said.


The company to be established will manufacture the Peugeot 208， the 2008 Sport Utility Vehicle， as well as the 301 compact.


Thirty percent of the cars which are to be jointly produced， will be exported to the Middle East and other countries， Iran Khodro's Chief Executive Officer， Hashem Yeke Zareh， was quoted as saying.


Owing to the U.S.-led sanctions against Iran regarding the latter's disputed nuclear issue， PSA had left Iran in 2012.

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TOKYO , Sept. 29 (Xinhua) -- The U.S. dollar changed hands in the mid-112 yen zone in early deals in Tokyo on Friday, rising marginally from its levels seen overnight in New York.


As markets opened here, the dollar was quoted at 112.49-50 yen compared with 112.30-40 yen in New York and 112.82-83 yen in 5 p.m. on Thursday in Tokyo.


The euro, meanwhile, fetched 1.1781-1782 dollars and 132.53-54 yen against 1.1781-1791 dollars and 132.34-44 yen in New York and 1.1754-1756 dollars and 132.61-65 yen in late Thursday afternoon trade in Tokyo.