Auto Industry
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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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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,…
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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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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…
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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,…
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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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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…
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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…
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Iran Central Bank, Carmakers Clash Over €844 Million Loan
EghtesadOnline: To help again rescue the dysfunctional local auto industry, the Central Bank of Iran agreed last month to lend €844 million to the two main companies, Iran Khodro and SAIPA.
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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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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…
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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…
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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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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…
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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…
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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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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…
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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…
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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…
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Auto industry a potential ground for promotion of cooperation of Iran, Pakistan
EghtesadOnline: Iran's Ambassador to Pakistan Mehdi Honardoust and Chairman of the Pakistan Automotive Manufacturers Association (PAMA) Sohail Bashir Rana discussed and exchanged views on cooperation…
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Amazon Pushes Deeper Into Auto Industry With Car Research Site
EghtesadOnline: Amazon.com Inc. is pushing deeper into the auto industry and car-parts market with a new website featuring reviews, images and specifications on thousands of new and classic car…