Financial Tribune - As accusations against Iranian carmakers pile over the alleged hoarding of vehicles, the Industries Ministry has cautioned major auto firms to avoid shady practices and fall in line. Jafar Sarqeini, a deputy industries minister, pointed to aerial pictures of the premises of local automotive company Iran Khodro (IKCO) published ...

Press TV - Iranian government is absolutely determined to give up its remaining shares in the two giants of the countrys automotive industry, saying IKCO and SAIPA will be fully privatized next year. A senior member of the Expediency Council, an overarching body influencing high-stake economic decisions in Iran, said on Wednesday that the two main ...

Financial Tribune- Rising foreign exchange rates over the past several weeks is pushing up the price of raw material for automakers according to the secretary of Irans Automakers Association. He has called on the government to provide more support to the local auto part manufacturers. According to Eghtesad Online, Ahmad Nematbakhsh says automakers ...

TEHRAN, Aug. 07 (MNA) Iran has begun construction of an automobile manufacturing plant in the neighborhood of Neftala industrial zone located in Azerbaijan Republic. Mohammad Reza Nematzadeh, Iranian Minister of Industry, Mine and Trade and the Minister of Economic Development of Azerbaijan Republic Shahin Mustafayev inked an agreement for establishment ...

TEHRAN, Jan. 27 (Xinhua) -- Iran's plans to build the nation's biggest car factory, capable of producing 5 million cars every year, by 2015, local Tehran Times daily reported on Sunday. The factory's output will be larger than the combined output of the two existing major carmakers, Iran Khodro and Saipa, the report said. The products of the factory ...