China is rapidly gaining market capitalization in the global automobile sector, while European carmakers are losing competitiveness, Maksim Oreshkin, Russian President Vladimir Putin’s top economic adviser, told Expert magazine in an interview published on Tuesday.

Financial Times | Monavar Khalaj: When Amir last went shopping for a new car in Tehran he had few options. With Iran under sanctions, the only western automaker assembling vehicles in the Islamic republic was Renault, which offered just one model. Some new cars were imported, but they were subject to 100 per cent import duty, meaning they were far ...

Three automakers from Sweden, Germany and France will resume operations in Iran when a July nuclear accord goes into effect, Industry Minister Mohammad Reza Nematzadeh says. Iran is also in talks with Italian and Japanese carmakers for cooperation but they still have to reach an agreement, he told reporters on the sidelines of an Iran-Finland trade ...