Reuters - Germanys Mercedes-Benz Trucks signed a contract on Tuesday with Tehran-based automaker Iran Khodro, parent company Daimler AG (DAIGn.DE) told Reuters, laying the foundation for resuming distribution of its trucks in Iran. The deal between Iran Khodro and Mercedes-Benz Trucks includes creating a joint company that provides sales and after-...

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 ...

Mercedes-Benz has entered into intensive talks with Iran Khodro Diesel Company to resume manufacturing its heavy trucks in Iran. If things go well, the giant automaker is likely to reopen its offices in Iran in March 2016. Top executives of Mercedes-Benz, including the vice president of the Daimler Company, are part of a German delegation visiting ...

TEHRAN, Dec. 1 (MNA) Iran Khodro automakers managing director has said the company would probably cooperate with Mercedes Benz if sanctions are removed. Mehr News quoted Hashem Yekkeh Zare talking to the press in the sidelines of International Festival of Automating Industry. Iran as a huge market for automobiles has many attractions to foreign companies ...