EghtesadOnline: Chairman of the Industrial Development and Renovation Organization of Iran (IDRO), Mansour Moazami , told a press briefing at the opening of the new Punch Powertrain transmission manufacturing factory in Zanjan on Tuesday that Iran will produce three million cars a year by 2023.

EghtesadOnline: Volkswagen and an Iranian car maker are going to sign a contract in the few days to come, according to which the German and Iranian companies will produce cars in Iran, Iran’s Deputy Minister of Industry Mansour Moazami said.