Regarding the privatization of car manufacturers, we are examining investors' requests for transferring the concessions of Iran Khodro and SAIPA companies, an official with Iran’s Industries Development and Modernization Organization.

Irans largest carmaker the Iran Khodro Company (IKCO) has unveiled a new version of its flagship EF engine as it moves ahead with plans to diversify its models and improve emissions standards of its powertrains. IKCOs CEO Mehdi Khatibi said on Tuesday that the EF Plus (EFP) engine unveiled earlier in the day in the companys headquarters in western ...

President Hassan Rouhanis trip to Paris last month led to deals worth billions of dollars and the auto industry was not left out of this bountiful trip. During the their visit to France, Irans largest vehicle manufacturer, Iran Khodro Company, signed a deal worth 400 million ($436 million) with PSA Peugeot Citroen, which has been lauded by some ...

Press TV - The Iran Khodro Compnay (IKCO), the largest carmaker in Iran, has unveiled a first electric car that could reach mass production in two years time. A report by the IRNA agency on Tuesday said that the Electric RANA, a sedan which bears the name of one of the recent models of IKCO, is equipped with a special engine that is designed by ...

Financial Tribune - Iranian car companies have incurred losses to the tune of 100 trillion rials ($833.2 million) in the first half of the current fiscal year (started March 21), secretary of Iran Vehicle Makers Association says. Ahmad Nematbakhsh also told local automotive website Asbe Bokhar: According to data published by Irans Securities and ...

Financial Tribune - Iran Khodro Company (IKCO), the country's biggest car manufacturer, has announced that in the past two months, it has sold over 50,000 cars. According to a statement published on the company's website, Ikco.ir, it produced around 52,000 vehicles in the two months ending Oct. 20. "Since the beginning of the current Iranian ...

MNA Ex-Deputy Industry Minister Farshad Moghimi has been appointed as the new head of Iran-Khodro Company (IKCO). Moghimi has also been deputy head of Iran Small Industries and Industrial Parks Organization. He is to replace Hashem Yekke-Zare, the ex-CEO of IKCO, who was dismissed and arrested almost a week ago in his office upon an order by ...

Financial Tribune - Irans Defense Ministry is set to share its technological capabilities with local car companies Iran Khodro (IKCO) and SAIPA to curb the industrys reliance on foreign auto parts suppliers. Iranian car companies depend on auto parts importsespecially for key electronicsfor producing vehicles. Following the imposition of harsh US ...

Financial Tribune- Iran's auto market was last month watched in astonishment by jittery customers and bewildered citizens in the face of skyrocketing prices. In order to redress the volatile situation and put in check the spiraling uptrend which had driven car prices to unprecedented highs, the country's two largest carmakers launched extensive sales ...

Financial Tribune- Local carmakers are overly dependent on imported parts and in the best localization case scenario some essential parts are still imported, though not exceeding 7%. Localization is one of the oft-mentioned mantras of the government in regulating new automotive contracts with foreign firms. As per a notification issued by the Ministry ...

Daily look at Irans late-breaking news and upcoming events:   US-made jet fighters dropping American bombs on Yemen: Iran Iranian Foreign Minister Mohammad Javad Zarif says the bombs dropped on the innocent people of Yemen and the jet fighters pouring them are of American origin. Speaking to reporters on Saturday in Tehran, Zarif once again ...

FNA | Mohsen Ataei: Irans largest auto manufacturer, Iran Khodro Industrial Group (IKCO), has opened production line for two new vehicles on Saturday. The Iranian Parliament Speaker Ali Larijani and the Minister of Industry, Mines and Trade Mohammad Shariatmadari visited Iran Khodro Industrial Group in order to give speeches at the inauguration ceremony ...

TEHRAN (ISNA)- The 4th IKCO brand car is going to enter the market by the end of this Iranian year, i.e. Mach 20, 2017. Referring to car production as a goal to supply both domestic and international markets, Keyvan Vaziri, IKCO Deputy CEO Assistant in New Product Development said, "The production target for the car to be produced based on "X409TC" ...

TEHRAN (Tasnim) The managing director of Irans leading car manufacturer, Iran Khodro Company (IKCO), on Sunday said US car manufacturing technology will be indirectly imported to Iran through cooperation with the Italian company Fiat. As regards cooperation with American car manufacturers, the IKCO sticks to the policies of Irans ministry of industry,...

Production at Iran's largest vehicle manufacturing company, Iran Khodro Company, has increased twofold this month compared to the previous month. The figure for the second half of the Iranian year (started Sept. 23) also shows production at IKCO has revved up and is nearing the targets. According to an IKCO press release, supply and demand maintained ...

Iran Khodro Industrial Group has invited international car manufacturers for cooperation in various fields in Iran after successfully negotiating with some European countries. Kamran Sepehri, IKCOs manager for international cooperation, said in addition to pursuing strategies for expanding the domestic market, Iran Khodro is seeking to diversify ...

Vehicle production at Iran Khodro Company, Iran's largest auto manufacturing company, has slumped below 1,000 units a day. During the month ending May 21, the company would produce nearly 2,400 units on a daily basis. However, IKCO produced only 910 units a day during the month ending October 22, Tasnim News agency reported. An unnamed official ...

TEHRAN (ISNA)- Managing Director of Irans largest state-run carmaker (IKCO) Hashem Yekkeh-Zareh said that the corporation plans to establish an exports company to work on engineering, design and providing auto parts. Running the company will pave the way for Iranian car part makers to cooperate with the worlds well-known companies. It will effectively ...

The CEO ofIran Khodro Industrial Group (IKCO), Irans leadingcar manufacturer, says IKCO is in finaltalks with four major foreign companies to set up joint ventures. Hashem Yekeh Zareh said IKCO has finalized a new contract with its French partner, Peugeot, which will be inked soon. Under the new agreement, IKCO will have access to Peugeots export ...

TEHRAN (FNA)- Head of the Mazandaran assembly plant of Iran-Khodro Company (IKCO) announced his company has targeted production of 30,000 sets of cars for this Iranian year (March 21, 2015 to March 20, 2016). Referring to the last year's production volume, Omid Hosseini Nejad declared that IKCO Mazandaran produced 25,157 sets of Peugeot Pars totally....