Despite the reinstatement of US sanctions against Iran's key automotive industry, a joint venture between China's SAIC Motor and Farda Automobile Manufacturing Co (FAM Co) has started operation in Semnan with the inauguration of a production line for the SUV model MG RX5.
While Iranian carmakers collaborations with French automotive groups Renault and Peugeot-Citroen have been hindered by the imposition of US sanctions, unperturbed by the United States' belligerence SAIC Motor has just launched a production line in the city of Semnan, 180 km to the east of the capital Tehran.
September 01, 2018 17:30
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SAIC Motor Operations Take Off in Iran
Unperturbed by the imposition of US sanctions against Tehran, SAIC Motor’s collaborations with private Iranian carmaker FAM Co has been set in motion by launching the production line of the SUV model MG RX5 in Semnan
FAM Co plans to import the SUV as semi-knocked-down kits to Iran and complete the production at its Semnan factory
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