FNA- Iran Khodro Industrial Group signed a new cooperation agreement with Hyundai Powertech as part of efforts to meet domestic and foreign markets' needs. The two sides signed the agreement for designing, developing, producing and supplying of 400,000 pieces of new automatic six-speed gearboxes for IKCO's new vehicles platforms. Representing ...

Financial Tribune- The largest local carmaker, Iran Khodro, has signed a joint venture deal on the production of gearboxes in Iran with a subsidiary of the South Korean automotive company, Hyundai PowerTech Company. The deal was signed by IKCOs Director Hashem Yekezare and CEO of Hyundai PowerTech Hae-Jin Kim on Oct. 24 in Tehran, the local automakers ...