While Iran's car industry is suffering from inefficiency and lack of effectiveness and as a result unproductivity, their declared reports of their financial statements show new records of accumulated losses.

When the cost of producing a car is much lower than the price being sold, a question poses itself here: How do automakers present themselves as losers?

Seemingly, the Iranian government does not intend to cede automobile companies to the private sector while declaring itself obliged to privatize the industry. Some experts argue that the government's presence in the car industry is mostly political.

The secretary of the Iranian Association of Parts Makers announced that a resolution was ratified to sell 120,000 cars by the end of the year at 5% below the market price.

Financial Tribune- The 16th Shiraz Auto Exhibition wrapped up on Friday where a large number of carmakers and importers attended with dozens of new cars and trucks. Peugeot, Renault, Mitsubishi, Mercedes-Benz, Iran Khodro, SAIPA, Chery, Kerman Khodro, Karmania were among the top exhibitors. Iran Khodro was one of the busiest booths. It showed ...

Financial Tribune- Iran Khodro, a local car producer which assembles a range of different vehicles, has started a new Peugeot Pars production line in western Kermanshah Province. The factory in the city of Sahneh has created employment for 200 local people, Mehdi Maleki, CEO of the IKCO Kermanshah, told local automotive website Asbe Bokhar. Maleki ...

IRNA| Mahdi Qorbani: Iranian President Hassan Rouhani officially launched the production line of Peugeot 2008 and the locally designed IKCO Dena+.  

Financial Tribune - Iranian President Hassan Rouhani officially launched the production line of Peugeot 2008 and the locally designed IKCO Dena+. Peugeot 2008 is the first car to be produced through the joint venture forged between Iran Khodro and Peugeot better known as IKAP in 2016. The Dena+ model is an upgraded version of Dena which the ...

Financial Tribune - ASino-Iranian joint venture, MG Pars Motor, has produced a test run of 80 MG360 sedans, during the last days of the last fiscal that ended on March 20. The 50-50 joint venture was created three years ago between Chinas SAIC Motors and AZVICO a subsidiary of Iran Khodro Group based in the northwestern city of Tabriz. According ...

French auto giant Peugeot Citroen PSA says it has serious plans to make Iran a central production hub in the Middle East. "Iran is central to the implementation of the strategic growth plan of the PSA group," PSA Chairman Carlos Tavares told reporters during a visit to the companys local partner, Iran Khodro. Tavares also added that his ...

Iran's President Rouhani unveiled Saina automobile and a diesel engine produced by Iran Khodro Industrial Group (IKCO) and SAIPA companies on the sidelines of the 3rd edition of Iranian Automotive Industry Exhibition opened in Tehran on Tuesday morning.     By President.ir�

As the ink dries on the deal Iran Khodro signed with PSA Peugeot Citroen last week, one regional country is likely to be the greatest beneficiary of the cessation of sanctions on the Islamic Republic. Oman, the only Arab country with a proven record of international goodwill and impeccable reputation, worked hard to develop its ties with Iran even ...

French car maker returns to Iran after four-year absence as sanctions lifted PARISPSA PeugeotCitronon Thursday signed a deal with Iranian manufacturer Iran Khodro to start a joint venture that will produce cars in the Middle Eastern nation, marking a return to the country for the French car maker after a four-year absence. The deal, long anticipated ...

Daimler is looking to revive assembly and manufacturing operations in Iran, as it continues to hold discussions with its former local partners in hopes that sales opportunities there could help offset any negative impact in the Middle East from low oil prices. In the wake of this years nuclear deal between Iran, investors and businesses from the ...

Iran says it will soon sign a major deal with German automaker Mercedes-Benz over production of medium-duty diesel engines. Gholam-Reza Razzazi, the managing director of Iranian Diesel Engine Manufacturing (IDEM), told reporters that the cooperation with Mercedes-Benz will specifically involve the production of Arna mini-trucks as well as Arian ...

Irans media say the country has suspended plans to cooperate with Peugeot and is instead preparing to take up talks with German and Italian auto majors to encourage them to invest in its car industry. Previously, everyone was expecting the signing of a cooperation agreement between Iran Khodro and Peugeot in light of the July nuclear breakthrough ...

IFP has taken a look at the front pages of newspapers on Saturday and picked headlines from 21 of them. IFP has simply translated the headlines and does not vouch for their accuracy. The Supreme Leaders remarks on the Joint Comprehensive Plan of Action and the removal of sanctions in a meeting with members of the Assembly of Experts dominated the ...

Suzuki Motor Corp and Iran Khodro have agreed on supplying the Iranian market with four new models of the Japanese automaker, the Fars news agency says. The small carmaker's executives visited Irans largest automaker recently to discuss new cooperation after the removal of sanctions, it said. Iran Khodro, meanwhile, has announced plans to introduce ...

By Tasnim News Agency

German carmaker Mercedes-Benz has paid Iran Khodro 42 million euros in compensation for leaving Iran in the heyday of Western sanctions on the Islamic Republic, Tehran-based media reports say. The reparation comes as Mercedes, owned by Daimler, seeks to return to Iran in anticipation of sanctions being lifted after last months conclusion of nuclear ...