The latest news and views about Iran car production
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A talented Iranian youth has managed to design and build a high-quality version of Lamborghini Murciélago in the northwestern city of Tabriz.
A senior security official says the US strategy of using sanctions to force the Iranian people to cave into its demands will lead nowhere, just as the former Iraqi dictator Saddam Hussein failed to impose his will on Iran during the 1980s Iran-Iraq war.
An Iranian deputy minister said French automaker Peugeot has to pay penalty for backing out of a contract it had already signed with Iran.
Iran’s President Hassan Rouhani has called on the Judiciary to seriously deal with the recent offences and financial corruption in importing automobiles.
Informed sources say European carmakers like Peugeot, Citroen and Renault will continue their operation in Iran despite the upcoming re-imposition of US sanctions.
Automobiles are regarded as capital goods in Iran as they are expensive and at the same time economical to maintain.