Code: 82001097 (5228587) | Date: 13/03/2016 | Time: 19:56|
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Iran Khodro to sign deal with Mercedes Benz in months

Tehran, March 13, IRNA – The managing director of Iran Khodro Industrial Group says the company will sign an agreement with Mercedes Benz in the first half of 1395 (March – August 2016).

Hashem Yekke-Zare said the deal will include production of commercial vehicles and passenger cars in Iran.
Back in January, Iran Khodro Industrial Group and Daimler Company, that is owner of several subsidiary and big brand auto companies such as Mercedes Benz, Mercedes-AMG and Smart, signed a memorandum of understanding on establishment of two joint companies.
Daimler, as major truck producer worldwide and Iran Khodro as biggest auto manufacturer in the Middle East, plan to establish two venture companies using each other's capacities to consolidate their position and set up a major commercial auto production hub the region.
Yeke-Zare said Iran Khodro Industrial Group in the new round of its international cooperation will follow a completely different approach, emphasizing presence and joint investment of the other party.
Iran Khodro CEO also said the company was in talks with Peugeot. The French carmaker said in January it had signed a binding contract worth €400 million with Iran Khodro to produce a range of cars in the country.

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