EghtesadOnline: Two major auto manufacturers are negotiating with banks to boost liquidity for increasing their production by 260,000 units in the fourth quarter of the current fiscal year (December 22, 2021-March 20), according to a member of the board of directors of the Association of Homogeneous Propulsion Industries and Component Manufacturers.
EghtesadOnline: The long anticipated plan to bring auto trade to the capital market is reportedly coming to fruition.
EghtesadOnline: The managing director of Securities and Exchange Organization in a letter asked the economy minister to reconsider mandatory prices for the auto sector.
EghtesadOnline: The pattern of procrastination by automakers and the influence of their strong lobbies notwithstanding, the Department of Environment insists on its stance that car companies must start making advanced engines compliant with Euro 5 emissions standards, the DoE head said.
EghtesadOnline: Automakers Iran Khodro (IKCO) and SAIPA are expected to end the production of two low-quality cars, Peugeot 405 and Pride, which have been made in Iran for decades.
EghtesadOnline: Iran's Defense Ministry has signed a deal with local car manufacturing company SAIPA to curb the auto sector's reliance on foreign parts.
EghtesadOnline: So long as state-run automakers keep manufacturing low-quality vehicles, the people will be the main victims who have to face the economic burden stemming from the unprecedented rise in gasoline prices, a former head of the Iranian Fuel Conservation Company said.
EghtesadOnline: Over the past week, Tehran hosted an event to connect tech firms with automakers, on the sidelines of which several deals totally worth $162 million were signed.
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.
EghtesadOnline: Automakers will soon receive the okay from relevant authorities to increase prices once again, a deputy minister of industries said. Bad news that translates into a simple message for the common man: cars are gradually becoming luxury items most families cannot afford anymore.