The joint production of a new automobile under the brand name ECO, at Iran’s proposal, by the member states of the Economic Cooperation Organization (ECO) could prepare the ground for greater unity and cooperation in the bloc.
IRGC Aerospace Force said the force can provide Iranian automakers with advanced technologies so that they can overcome their shortcomings and reduce their reliance on foreign firms.
The mass production for its fully homemade car will begin early next year amid efforts to make the automotive industry in the country less vulnerable to foreign sanctions.
Iran President dismissed the minister of industry and assigned a caretaker to the ministry to handle the situation in the domestic car prices.
CEO of IKCO Hashem Yeke Zare announced on Monday that the Iranian giant car-manufacturer has received €150 miilion compensation from the French Peugeot in the past five years.
Khazar Car Factory, a joint venture between Iran Khodro and the Azeri automotive company AzEuroCar LLC, plans to offer its products in Russian and Georgian markets, Azerbaijan’s Deputy Minister of Economy and Industry Niyazi Safarov said. According to Safarov, talks are underway to export Khazar cars to Russia and Georgia and the capacities of both […]