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

Daimler No Pushover for China in Iran MarketDaimler 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.

Financialtribune.com