French automakers PSA Peugeot Citroën and Renault SA and companies that transport Iranian oil are poised to benefit from the six-month accord to rein in Iran’s nuclear program while easing trade sanctions.
OAO AvtoVAZ appointed Bo Andersson, a former top purchasing manager at General Motors Co., as chief executive officer, the first non-Russian to lead the maker of Lada cars as it deepens ties with the Renault-Nissan alliance.
Carrefour SA said Charles Desmartis will lead all of the grocer’s operations in Brazil, following a report that the company hired banks for an initial public offering of the retailer’s second-largest business.
Renault SA, France’s second-biggest carmaker, reported third-quarter revenue that missed analyst predictions as currency drops in South America and Russia more than offset global delivery gains and higher pricing in Europe.
Carrefour SA, France’s largest retailer, said domestic hypermarket sales rose for the first time in more than two years as its turnaround gathered pace, sending its shares to the highest price since 2011.