Daimler No Pushover for China in Iran Market
Economy, Domestic Economy

Daimler No Pushover for China in Iran Market

German automotive corporation Daimler AG says it is determined not to lose the Iranian market to China. The remark was made by the firm’s trucks division head, Wolfgang Bernhard, as reported by German publication Manager Magazin. “We want to gradually switch to locally produced parts of motors, transmissions and axles up to complete lorries,” he added. Daimler’s trucks division is scheduled to start the deliveries of Mitsubishi Fuso brand in Iran later this year, following an agreement signed by the German carmaker with the Iranian side back in January. Fuso, once a Mitsubishi brand, is majority owned by Daimler since 2011.

Short URL : http://goo.gl/8zmmqv
  1. http://goo.gl/HYKXWG
  • http://goo.gl/gWXOVH
  • http://goo.gl/g8Qy9f
  • http://goo.gl/5mimkt
  • http://goo.gl/Rppnrr

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...
Colza Production Exceeds Expectations
The government has purchased more than 300,000 tons of colza...
Hashtgerd Subway Station Construction Underway
Iranian authorities are pushing ahead with construction plans...
Plastic Production Plant Launched in Chabahar
A factory producing different kinds of plastic products was...
Interbank Rate Tweak to Impact Interest Rates
Officials at the Central Bank of Iran have announced the...