Iranian, German carmakers to jointly produce cars

Germany’s Volkswagen and Iran’s car manufacturer Mammut Khodro are planning to launch a new joint production line to make cars in the near future. Talking to the Islamic Republic News Agency (IRNA) on Saturday, Mohsen Salehi-Nia Deputy Minister of Industry and Trade for Industries Affairs said the preliminary measures have…

PSA Peugeot Citroën to produce 200,000 vehicles annually

An Austrian newspaper, Wirtschafts Blatt announced that in the wake of Iranian President’s visit to France a MoU regarding the production of 200,000 vehicles annually in Iran is to be signed on Thursday. Peugeot and its French partner Citroen will work with Iran’s Khodro to produce 200,000 vehicles a year…