PSA Peugeot Citroen

Automakers Renault and Nissan say they will develop electric cars with a Chinese state-owned partner, adding to a series of tie-ups between global auto brands and local partners in the biggest electric vehicle market.

Iran signed the country's biggest-ever car deal with French multinational automobile manufacturer Groupe Renault on Aug. 7 to produce 150,000 cars, beginning in 2018.

Volkswagen saw sales drop 3.0 percent in France last month, figures showed Nov. 2, as it continued to deal with the impact of revelations that it cheated on emissions tests.

European stocks advanced amid investor speculation that Greece and its euro-area creditors may reach a compromise agreement on its bailout.

The Stoxx Europe 600 Index added 0.3 percent to 378.14 at 8:05 a.m. in London. Stocks were little changed on Tuesday as a rise in makers of food and drinks offset a drop in Greek equities.

The sales of Dacia cars recorded, last month, a solid increase in Europe (EU plus EFTA), and the market share of the domestic carmaker maintained at 3 percent, according to the statistics of the European Car Makers' Association (ACEA), published on Tuesday.

Photo credit: (c) Cristian NISTOR / AGERPRES ARCHIVE

French companies have struck agreements worth EUR 18 B with China during its president's official visit to Paris.

A total of 50 deals were signed according to France's President Francois Hollande, who made the announcement after meeting his Chinese counterpart Xi Jinping at the Elysee Palace, France24's website has reported.