Auto Sector Prioritised As Sanctions Loom

In the face of international sanctions, the Iranian government has prioritised its domestic auto industry. The government has invested in new capacity and the country's automotive production is reaching record levels. In early March, Iran Khodro said it was setting a new record for output and that it expected to produce 680,000 vehicles for the 2009-2010 Iranian year ended March 21. The automaker, the largest in the Middle East, is bullish on the future and reportedly is aiming to boost production to 730,000 units in the 2010-2011 Iranian

To read the full article, please choose one of the following options: