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SAIPA Devising Strategy to Counter Headwinds

While SAIPA seems confident about its joint ventures with European firms, the company is not putting all its eggs in one basket and is exploring several partnerships elsewhere
SAIPA Devising Strategy  to Counter HeadwindsSAIPA Devising Strategy  to Counter Headwinds

Second largest automaker in the country SAIPA says they have an action plan in place in the event of probable headaches coming in the way of Iran’s auto industry.
Managing Director of SAIPA Mohsen Jahroudi stated during a recent interview with local automotive website Persian Khodro that they have prepared to face sanctions and mitigate their impact as they have long been planning for it.
With a defiant tone in the face of the US president’s underhand move to pull the country out of the historic nuclear deal and threaten to impose new sanctions on Iran, Jahroudi says as a nation, Iranians have lived through sanctions for years, and have learned how to cope with them.
He says the company will do all in its power to take the edge off the possible impact of sanctions if they reimposed. “Fortunately, 40 days before the United States reneged on the 2015 Iran nuclear deal, we devised a plan which can act as a safety net for SAIPA.” Jahroudi did not specify how the company will counter the looming sanctions.

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