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SAIPA En Route to Phasing Out Pride

EghtesadOnline: The long-running debate over halting the production of Pride, a poor-quality small city car produced by Iranian automaker SAIPA, has reportedly been concluded with a clear and close deadline.
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Publish Date:14/January/2020 | 11:50

Local Carmakers Cannot Pay Their Bills

EghtesadOnline: Local carmakers Iran Khodro and SAIPA, are deep in the red owing part makers 230 trillion rials ($1.9 billion) one official with Tehran Chamber of Commerce says.
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Publish Date:26/November/2019 | 11:11

SAIPA Expanding Presence in Africa

EghtesadOnline: Iran’s SAIPA and South African car manufacturer Mureza are to jointly produce vehicles in Zimbabwe.
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Publish Date:20/October/2019 | 13:19

Debate Flares Again Over Halting Pride’s Production

EghtesadOnline: The long-running debate over halting the production of SAIPA’s small car Pride has reignited, after Iran Traffic Police chief said license plates will not be issued for the vehicle as of March 2020.
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Publish Date:15/September/2019 | 10:33

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

70,000 of Road Fatalities Involved SAIPA’s Pride

EghtesadOnline: Over the past 11 years, 34% of those who lost their lives in road accidents in Iran, constituting 70,056 victims, died in SAIPA’s small city car, Pride.
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Publish Date:11/August/2019 | 10:46

Deadbeat Carmaker on Wrong Side of Insurers

EghtesadOnline: Insurance companies have stopped offering third party vehicle insurance to new vehicles produced by SAIPA, Iran's second-largest automaker, due to the carmaker’s pattern of failure to settle its mountain of debts.
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Publish Date:16/July/2019 | 10:26

SAIPA, University of Tehran Sign R&D Agreement

EghtesadOnline: Iranian car manufacturer SAIPA has signed a research and development agreement with the University of Tehran to use academic potentials for boosting the key sector.
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Publish Date:07/May/2019 | 11:21

SAIPA to Sell Brilliance H330 in Syria

EghtesadOnline: Iranian car company SAIPA and its Syrian partner SIVECO are to produce the Chinese-derived sedan Brilliance H330 in Damascus, Aleppo, Lattakia, Homs and Hama.
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Publish Date:17/March/2019 | 14:23

Iranian Carmaker Says Cannot Deliver Presold Renaults

EghtesadOnline: Pars Khodro, a subsidiary of Iranian car company SAIPA, reportedly presold 36,000 Renault cars which it now says it cannot deliver because the new US sanctions have disrupted the supply of parts.
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Publish Date:10/March/2019 | 13:10

Tons of Imported Auto Parts Stuck in Iran Customs

EghtesadOnline: An estimated 10,000 containers of imported auto parts are stuck in Iranian customs warehouses ostensibly because local automotive companies Iran Khodro and SAIPA are unable or unwilling to get clearance for the goods.
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Publish Date:03/March/2019 | 11:49

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

CEO Revolving Door Doing Well at SAIPA

EghtesadOnline: When it comes to higher-ups and top jobs SAIPA’s revolving door keeps on turning at unusual speed. On Sunday, Mohammad Reza Soroush was removed from his post as CEO barely after four months in the job and was replaced by Mirjavad Soleimani.
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Publish Date:22/January/2019 | 15:05

Car Buyers in Iran Get a Raw Deal

EghtesadOnline: Due to the new US sanctions and the economic headwinds, production of poor quality and outdated (but apparently affordable) vehicles like SAIPA’s Pride cannot be banned, head of Iran Standard and Quality Inspection Company (ISQI) says.
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Publish Date:13/January/2019 | 14:32

Car Prices Almost Double: SAIPA Joins Price Race

EghtesadOnline: After carmaker Iran Khodro jacked up prices twice over the past few weeks, its archrival SAIPA apparently did not waste precious time! The second biggest carmaker raised the price of three models from 24 to 80% over the weekend.
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Publish Date:30/December/2018 | 11:09

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