Renault and Iran cooperate for new cars

"Renault is IKCO's strategic partner and has made substantial investments in Iran," Taghavi Nejad said.

Renault and Iran cooperate for new cars

World Bulletin / News Desk

Iranian vehicle manufacturer Iran Khodro (IKCO) will produce new cars in cooperation with Renault, Hamidreza Taghavi Nejad, the IKCO Deputy CEO in Strategy and Planning said, IRNA reported.

According to the report IKCO and Renault have agreed to product Clio 4 and Clio 3 in Iran.

"Renault is IKCO's strategic partner and has made substantial investments in Iran," Taghavi Nejad said.

IKCO started mass production of its exclusive product "automatic Tondar 90" in cooperation with Renault last year, he added.

Iran is negotiating with leader Asian vehicle manufacturer companies including Korea, China, Japan and India for neutralizing international sanctions, he said.

It should be recalled that on July 1 U.S imposed a new round of sanctions against anyone involved in Iran's auto industry and anyone caught using Iran's currency, the rial, for "significant transactions."

Iranian officials say that Iran is one of the main markets for Renault products and the company will meet its obligations to manufacture new products and supply parts to its Iranian customers.

Iran's automobile production has decreased by 56 per cent in May compared to the same period in 2012 and it's automobile export dropped from about 6,000 in March 20-May 20, 2012 to 1,000 cars in same period in the current year.

According to the statistics, about 69 automobile manufacturer units have been closed and 115,000 people lost their jobs in automobile sector during the past two years.

Last Mod: 22 Temmuz 2013, 11:57
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