tag Carmakers

Iran Carmakers Expanding Operations in Syria, Azerbaijan

EghtesadOnline: Iran Khodro and SAIPA are planning to expand their overseas operations. SAIPA is poised to increase production in Syria and IKCO has started manufacturing its Samand model in neighboring Azerbaijan.
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Publish Date:20/November/2018 | 10:58

Iranian Carmakers Saddled With $1.4 Billion Debt

EghtesadOnline: Major carmakers Iran Khodro and SAIPA have seen their debt tally with parts makers, banks and financiers build up in the past few months amassing a debt of 200 trillion rials ($1.37 billion), said the secretary of the Specialized Manufactures of Auto Part Association.
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Publish Date:16/October/2018 | 09:25

Gov't Weighs New Approach to Privatize 2 Big Carmakers

EghtesadOnline: Economists, industrialists and market observers insist that the incessant problems of the failing auto companies is more about mismanagement and less about ownership per se.
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Publish Date:28/November/2022 | 20:03

Kalantari Says DoE Lacks Clout to Take On Polluting Carmakers

EghtesadOnline: The pattern of procrastination by automakers and the influence of their strong lobbies notwithstanding, the Department of Environment insists on its stance that car companies must start making advanced engines compliant with Euro 5 emissions standards, the DoE head said.
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Publish Date:24/June/2020 | 24:16

Carmakers ’ Losses Exceed $830 Million in Six Months

EghtesadOnline: Iranian car companies have incurred losses to the tune of 100 trillion rials ($833.2 million) in the first half of the current fiscal year (started March 21), secretary of Iran Vehicle Makers Association says.
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Publish Date:24/November/2019 | 10:58

Central Bank of Iran Boss Lashes Out at Loss-Making Carmakers

EghtesadOnline: Despite the deep compulsions to work for verifiable efficiency in key economic sectors at a time when the economy is saddled with mounting pressure due to US hostility and sanctions, startling performance of the auto industry has again come under the spotlight.
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Publish Date:22/October/2019 | 13:16

Iranian Carmakers Mull JVs With Russian Counterparts

EghtesadOnline: As traditional foreign partners of Iranian car companies suspend their operations or leave, the local automotive firms are looking north and seeking partnerships with Russian counterparts.
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Publish Date:22/September/2019 | 13:16

IKCO-SAIPA Debts Reach $8.8 Billion

EghtesadOnline: By October 2018, the accumulated debts of Iranian carmakers, Iran Khodro (IKCO) and SAIPA, had reached 1 quadrillion rials ($8.8 billion), the industries minister said in a recent interview.
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Publish Date:03/September/2019 | 10:03

Carmakers Taken to Task for Iran Exit

EghtesadOnline: Iranian parliamentarians have harshly criticized foreign automotive companies over their “lack of commitment” and for terminating their operations in Iran in the face of US sanctions.
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Publish Date:13/August/2019 | 11:29

Industries Ministry Warn Carmakers Against Hoarding

EghtesadOnline: As accusations against Iranian carmakers pile over the alleged hoarding of vehicles, the Industries Ministry has cautioned major auto firms to avoid shady practices and fall in line.
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Publish Date:02/July/2019 | 10:33

Iranian Carmakers ’ Woes Deepen

EghtesadOnline: Major Iranian car companies are grappling with two main problems: lack of auto parts that have caused a sharp decline in production and a failure to clear the piling backlog of car orders they have presold months ago.
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Publish Date:19/May/2019 | 09:26

Carmakers Special Sales Trigger Car Buying Frenzy in Iran

EghtesadOnline: As car prices keep rising as never before, the two main Iranian auto companies, Iran Khodro and SAIPA, launched what they call are ‘special sales’, selling their cars like hotcakes.
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Publish Date:23/February/2019 | 15:06

Iran Gov't Extends $333m Loan for 2 Major Carmakers

EghtesadOnline: The government will lend money to two local auto companies, Iran Khodro and SAIPA, to the tune of 40 trillion rials ($333 million). The bailout is for paying part of the carmakers’ mounting debt to local parts makers.
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Publish Date:10/February/2019 | 11:24

Iranian Carmakers Stand Accused of Hoarding, Insider Trading

EghtesadOnline: Following the strange and extended delays in delivery of thousands of vehicles presold by domestic carmakers, would-be buyers and sections of the print media are openly accusing the state-affiliated companies of hoarding, market manipulation, and insider trading.
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Publish Date:03/December/2018 | 24:49

New Rules and Slumber of Iranian Carmakers

EghtesadOnline: Hard-pressed auto manufacturing industry already under mounting pressure for its poor quality and high prices should prepare for a new challenge in the coming weeks. The state is due to raise the bar and announce a new set of automotive standards. Form what is known, most vehicles made by the two major car companies Iran Khodro and SAIPA will not be able to comply with the new norm.
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Publish Date:06/November/2018 | 10:50