46225
 Iran Khodro Resumes Trading at Tehran Stock Exchange
Economy, Auto

Iran Khodro Resumes Trading at Tehran Stock Exchange

Trading of Iran Khodro Group’s shares has resumed at Tehran Stock Exchange, managing director of IKCO said.
Hashem Yekezare’s announcement follows the recent joint venture between Iran Khodro and Peugeot named IKAP that will produce three new models inside Iran.
Talks between the two automakers to produce several models remained stuck over the past several years due to several roadblocks, but culminated in a joint venture after sanctions against Iran’s nuclear program were removed, ISNA reported.
Addressing reporters, Yekezare said IKCO and Peugeot have offered IKAP’s  shares for sale. He also noted that the two companies have established a joint venture in their new round of cooperation with each investing initially $14.9 million over the past few days.
The 50-50 joint venture will manufacture three models—Peugeot 208, 2008 sport utility vehicle and 301 compact—using parts mostly manufactured in Iran.
Yekezare also referred to a new IKCO product, saying the company is set to release the Peugeot 207 sedan in winter. He noted that the new product will be manufactured based on indigenous knowhow.

 

Short URL : http://goo.gl/bMSzyW
  1. http://goo.gl/Lt4byV
  • http://goo.gl/TjN1MH
  • http://goo.gl/EW6gGz
  • http://goo.gl/PZJk2p
  • http://goo.gl/JKq4f4

You can also read ...

Europe May Tap Cryptocurrencies to Shield Iran Against US Sanctions
The European Union may opt for digital currencies in its...
Iran’s net hot-rolled coil consumption was 5.6 million tons in 2017, of which 0.8 million tons were imported.
Russia and Kazakhstan are temporarily stepping back on sales...
Secondary Forex Market: Corruption Loopholes Abound
Two goals set have been set for the recent establishment of...
EU foreign policy chief, Federica Mogherini, hailed the imposition of the blocking statute on Monday as a “consistent step forward”.
As it races to save the Iran nuclear deal, the European Union...
Deputy Economy Minister Defends Gov’t Forex Policy
The government’s policy to allocate dollars and euros to...
Hashtgerd Subway Station Construction Underway
Iranian authorities are pushing ahead with construction plans...
Colza Production Exceeds Expectations
The government has purchased more than 300,000 tons of colza...
Interbank Rate Tweak to Impact Interest Rates
Officials at the Central Bank of Iran have announced the...

Trending

Googleplus