While banking hurdles and a volatile forex market have hindered PSA Group’s operations in Iran, the French company’s executive vice president for Africa-Middle East says it is expanding its…
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<p>Read the latest news about Iran’s automotive industry, market trends, output figures, & import data, along with updates about Iran Khodro, Saipa and Pars Khodro</p>
The BMW X4 will receive two new, more powerful engines when the redesigned compact crossover goes on sale in July. In addition to the new engines, the second-generation X4 moves to a new…
Managing directors from French automotive companies PSA Group and Renault say Iran is seen as an appealing market by global carmakers. Renewing their companies’ commitment to major agreements…
Uber Technologies Inc. had a painful 2017, but the business managed to grow. Adjusted net revenue last quarter increased 61% to $2.22 billion from the same period in 2016.
Meanwhile, the…
Iran’s Court of Administrative Justice issued a verdict last week temporarily demanding suspension of the newest government directive which pushed up car tariffs up to 65%. On Monday the…
Uber Technologies has agreed to settle a lawsuit with Alphabet’s Waymo over allegations that Uber stole and used intellectual property for self-driving vehicles.
Senior Renault board member Thierry Desmarest has resigned from the French carmaker days ahead of a meeting at which Chief Executive Carlos Ghosn is asking directors to back his chosen successor…
The Court of Administrative Justice has issued an order suspending the Rouhani administration’s latest amendments to auto import rules that have created chaos in the market and pushed up prices…
A subsidiary of Iran Khodro, Clean Auto Catalysts Co at the weekend launched production lines of Euro 5 catalysts at Mahmoud Abad Industrial Zone near the central city of Qom, 120km south of…
Using insider information and the benefits of cronyism, some auto importers have made fortunes from the volatile import rules and the chaotic market over the past two years. To address the…
Peugeot published a picture of its 405 model on its official Instagram account reminiscing when the model was selected as the ‘European Car of the Year’ in 1988. The picture has gone viral in…
German prosecutors said they raided offices belonging to high-end carmaker Audi Tuesday, the second sweep in a week related to diesel emissions cheating at the Volkswagen subsidiary.
Renault’s production deal with the Industrial Development and Renovation Organization and a local private company Negin Khodro will become operational by March, the IDRO chief said.
“The…
Ferrari, the Italian luxury sports car maker, delighted investors with its prediction that profits will double by 2022 as it reported earnings for 2017 way ahead of its current plan.
Nissan Motor Co plans to invest 60 billion yuan ($9.5 billion) in China over the next five years with its joint-venture partner as it seeks to become a top three automaker in the world’s biggest…
Pars Khodro, a subsidiary of SAIPA, has announced an increase in the price of Brilliance models with upgraded engines.
Three models, namely H320, H330 and C3, have been upgraded and will…
The Ministry of Industries has sent an amended version of auto import rules to the Cabinet that proposes newly-imposed higher import tariffs on hybrid cars be cut and be based on the vehicles’…
Aston Martin is seeking a joint venture in China to help break into the world’s biggest market for EVs, CEO Andy Palmer said.
As 2017 was coming to a close the government of President Hassan Rouhani passed an amended version of auto import rules and the unexpected happened. Import tariffs on hybrid vehicles were…
Iran Khodro has started online presales of the hatchback model Peugeot 207i. The vehicle is offered with automatic and manual gearboxes, priced at 429 and 495 million rials ($9,420 and $10,870…
Toyota Motor Corp aims to sell 1.4 million vehicles in China in 2018, nearly 9% more than it sold last year, but two insiders at the Japanese automaker said production constraints and other…
Brazilian miner Vale is seeking to sell un-mined cobalt worth hundreds of millions of dollars to investors, as speculation rises over a shortage of the metal needed to make batteries, sources…
Germany’s scandal-hit auto giant Volkswagen has suspended its chief lobbyist Thomas Steg as outrage mounted over monkey and human experiments to study the effects of diesel exhaust fumes.
Iranian parts makers will collaborate with PSA Group on the production of vehicles under Peugeot brand in Algeria, the French automotive giant’s executive vice-president and purchasing director…
Plans to float a 15.8% of controlling stake in Iran’s largest auto producer, Iran Khodro Group, were terminated in the early hours of Wednesday.
