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September 03,2018
Eager to contain the mounting public outrage over the recent car price hikes, the hard-pressed Industries Ministry has decided to shift the focus to aggravating factors closer to home, especially...
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September 03,2018
Tesla had been aiming for a production rate of 6,000 Model 3 vehicles per week by the...
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September 03,2018
Ford Motor may cut up to 24,000 jobs and stop producing models such as the S-Max, Galaxy and...
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September 03,2018
German carmaker Volkswagen said only half of its VW branded passenger car models in Germany...
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September 01,2018
A plan worked out by the administration of President Hassan Rouhani to mitigate the impact of US sanctions on Iran's economy is to provide the country's beleaguered auto sector with tax exemptions...
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September 01,2018
Ford Motor Co has abruptly killed a plan to sell a Chinese-made small vehicle in the United States...
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September 01,2018
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...
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September 01,2018
While the Iranian automotive sector is facing various headwinds, authorities are moving ahead with plans to hold a new round of Tehran International Auto Show in November, when the annual event is...
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August 27,2018
Uber says it plans to focus more on its electric scooter and bike business, and less on...
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August 27,2018
Investors on Monday were to render their verdict on Tesla Inc Chief Executive Elon Musk’s decision...
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August 27,2018
Iran’s Industries Ministry is preparing a support plan for the hard-pressed auto industry in a bid to salvage the key sector from plunging into further disarray which can hit thousands with...
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August 27,2018
The world’s first autonomous taxi to run on public roads started operating in central Tokyo on Monday.
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August 25,2018
Tesla Inc CEO Elon Musk said late on Friday he would heed shareholder concerns and ...
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August 25,2018
Iranian carmakers and parts manufacturers shut down their production lines for their customary one-week summer holiday on Saturday. According to ISNA, makers usually overhaul their production...
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August 25,2018
In light of recent developments in the forex market coupled with mounting pressure by carmakers, the authority in charge of regulating the auto market in a rare move has announced that it is poised...
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August 20,2018
Given the turmoil surrounding the government forex policies which have hampered the import of raw materials, auto parts makers are struggling to keep production lines up and running amid a stream...
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August 20,2018
PIF, the Saudi Arabian sovereign wealth fund that Tesla Inc CEO Elon Musk has said could help...
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August 20,2018
Major local carmaker Iran Khodro has introduced a special presale scheme, which started on Monday and runs until Aug 30. As per the scheme, eight models are on offer, including the locally designed...
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August 18,2018
Extending apologies for the prolonged delay in the delivery of presold units of the SUV model Peugeot 2008, Iran Khodro, the local partner of the French automotive company, has announced that all...
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August 18,2018
During the first four months of the current fiscal which started in March, Iranian automakers manufactured 436,136 cars and commercial vehicles, down 0.1% from last year’s 436,413 units.
According...
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August 15,2018
Since the beginning of the current fiscal that started in March, Iran’s largest auto manufacturer, Iran Khodro has sold and presold 274,000 cars.
Since March, the value of the rial has plummeted...
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August 15,2018
Tesla Inc’s board named a special committee of three directors on Tuesday to decide what to do about...
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August 15,2018
US pressure on Iran’s key auto industry coupled with domestic faulty policies have pushed up car prices once again, only a few days after the introduction of the government’s new forex policy which...
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August 15,2018
The South Korean government has said it will ban about 20,000 BMWs from its streets after...
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August 13,2018
Since March, and through a joint venture between Iran Khodro and the Azeri automotive company AzEuroCar LLC, over 300 units of family sedan model Dena have been produced in the Republic of...