tag Auto Industry

CBI Throwing Auto Industry Lifeline Worth $612 Million

EghtesadOnline: The Central Bank of Iran has allocated 150 trillion rials ($612.24 million) in aid packages and loans to the auto sector to help bolster productivity and localization efforts, the CBI chief said.
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Publish Date:04/February/2021 | 16:11

Plan to Inject $650m in Ailing Auto Industry

EghtesadOnline: There are plans to finance the loss-making auto industry to the tune of 150 trillion rials ($650 million), the governor of the Central Bank of Iran said.
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Publish Date:31/January/2021 | 19:14

Gov’t Seeking Way Out for Beleaguered Auto Industry

EghtesadOnline: 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 unemployment.
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Publish Date:28/August/2018 | 11:44

Auto Industry Off for Summer Holiday

EghtesadOnline: Iranian carmakers and parts manufacturers shut down their production lines for their customary one-week summer holiday on Saturday.
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Publish Date:27/August/2018 | 09:15

Iran Auto Market Sees Price Spikes Again

EghtesadOnline: 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 saw the market take a break from its months-long bullish run.
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Publish Date:18/August/2018 | 10:47

Iran, Brazil Eye Enhanced Automotive Relations

EghtesadOnline: Iranian and Brazilian officials are to engage in dialogue within the next few months to discuss expansion of bilateral ties in the auto industry.
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Publish Date:07/August/2018 | 09:39

Industry Ministry Launches Transparency Campaign

EghtesadOnline: Iran’s auto industry has been in a state of tumult ever since the hawkish US President Donald Trump reneged on the historic 2015 nuclear deal, creating economic uncertainty in the country as baffled Iranians saw the dollar exchange rate and prices of many goods including vehicles hit unprecedented highs. Since then, Iranian authorities and carmakers have rushed in to mitigate the damage caused by Trump’s underhand move.
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Publish Date:03/July/2018 | 13:48

Iran, Azerbaijan Might Produce Buses Under Azermash JV

EghtesadOnline: During a visit to Baku Economy Minister Masoud Karbasian and his Azeri counterpart Shahin Mustafayev discussed ways to expand collaboration in the auto industry, the local news website Eranico reported.
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Publish Date:29/October/2017 | 24:49

Gov’t, Majlis Dispute Auto Policy

EghtesadOnline: Disagreements between the government and the Majlis have posed challenges to the automotive industry.
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Publish Date:28/February/2023 | 22:46

Iran Auto Industry Future Uncertain

EghtesadOnline: Iran’s auto industry was in a hopeless and failing platform even before Donald Trump imposed tough new economic sanctions in 2018 after getting out of Iran’s historic nuclear agreement.
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Publish Date:06/August/2020 | 18:15

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

Iran: $60m Deal for Auto Localization

EghtesadOnline: Major Iranian automotive companies and 32 parts makers from the private sector signed a $60 million deal on Saturday to curb the auto industry’s reliance on foreign suppliers.
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Publish Date:23/July/2019 | 09:55

700,000 Jobs Threatened in Iran Auto Industry

EghtesadOnline: If the Iranian government does not offer the local auto industries an aid package to the tune of 70 trillion rials ($466 million) soon, over 700,000 workers employed in the key sector will join the dole queue, the secretary of Iran Auto Parts Manufacturers Association claimed.
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Publish Date:14/May/2019 | 11:51

MPs Go Ballistic Against Dysfunctional Automakers

EghtesadOnline: With the car market getting out of its Norouz Holiday hiatus, vehicle prices have once again started their rally. Irked by the latest price hikes, the Majlis has gone ballistic against the dented auto industry.
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Publish Date:16/April/2019 | 13:43

Iran Auto Industry Output Falling

EghtesadOnline: Domestic auto production has plunged markedly with companies producing 721,363 cars and commercial vehicles during the eight months to November -- a 24.9% year-on-year decline.
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Publish Date:23/December/2018 | 15:32

Iranian Government Introduces Rescue Package for Auto Industry

EghtesadOnline: 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, reduced bureaucracy, and in the event of layoffs, the immediate payment of unemployment benefits.
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Publish Date:02/September/2018 | 07:56

Iran Auto Industry ’s Facts and Figures

EghtesadOnline: 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.
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Publish Date:19/August/2018 | 07:23
The search giant is partnering with Audi and Volvo to ship car systems running the Android operating system.

Google Wants Android and Its Assistant to Power Your Car Too

EghtesadOnline: Android already powers most smartphones on earth. Now Google is placing its mobile operating system right inside cars, a bid to cement its core service in the auto industry as more technology sweeps in.
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Publish Date:16/May/2017 | 05:46