The Central Bank of Iran and the Ministry of Industries, Mines and Trade announced that starting next week, they will offer loans to both auto buyers and manufacturers. The announcement indicates that starting November 9, buyers of Iranian-produced cars will be eligible for a loan of up to 80% of the purchase price, with a cap of 250 million rials,...

12 October-19 October     Iranians stage protest against ISIL in front of UN office     A group of Iranian people meet Ayatollah Khamenei   Funeral held for victims of crashed Iranian police plane   Irans first lithium battery factory inaugurated   Iran's carmaker unveils new products  ...

Daily look at Irans late-breaking news and upcoming events:   Iran, G5+1 talks next week Iran and G5+1 (Britain, China, France, Russia and US plus Germany) will start new rounds of negotiations next week, Foriegn Ministry Spokeswoman Marzieh Afkham announced in a press conference on Wednesday.   Iran, P5+1 agree on principle issues:...

Iran Khodro Industrial Grouphas raised the daily number of cars it manufactures in Iraq to 50 and the figure will climb to around 100 as it plans to increase its personnel working shifts at the request of the Iraqi side. "Iran Khodroproduces a variety of cars such as Runna, Samand, Soren, Peugeot Pars and Peugeot 405 in Iraq", said Ali ElmiIKCODeputy ...

TEHRAN (FNA)- The Iranian auto industry manufactured 96,765 vehicles in the third month of the current Iranian calendar year, (May 21-June 21) showing a 103.6 percent jump in comparison with the same period last year. Iran has raised sedan output by 104.1 percent, hitting 80.144 from 39.465. The country produced 14.847 pickups, rising by 102.6 percent....

BAKU, Azerbaijan, July 3 (Bernama) -- The first US sanctions against Iran's auto industry take effect on Monday as the United States has ratcheted up its efforts to isolate Iran for its uranium enrichment programme, reports Azerbaijan's Trend news agency. In his ninth executive order against Iran on June 3, US President Barack Obama approved sanctions ...

The Iranian auto industry warns that U.S. sanctions have left carmakers on the verge of bankruptcy. The Mehr News Agency reports that the industry has called on the government to assist companies with the crisis in automotive parts and continually rising costs. The industry has called on the government for bailout money to invest in the industry....