EghtesadOnline: Major Iranian auto parts manufacturers have recently signed a contract worth 12 trillion rials (over $100 million) with 32 local SMEs as part of a push to provide some relief to the country’s auto industries that have been hard-pressed by US sanctions.

EghtesadOnline: Iran’s auto part production sector is having a hard time procuring the raw material and key parts from foreign sources due to the restrictive US sanctions, an industry insider said.

EghtesadOnline: The €844 million loan earmarked for local auto parts makers is yet to materialize, due to disagreements between automakers and state players, a deputy industries minister says.