Government Faces Autos Risks Head-On

The Iranian auto industry has recorded a mixed performance this quarter. While production, sales and exports are growing quickly in the face of economic difficulties, the two major Iranian carmakers -- Iran Khodro (IKCO) and Saipa -- have continued to suffer from liquidity issues. Overall, however, the commitment of the Iranian government to developing the domestic auto industry ensures that these difficulties are of secondary importance compared with increasing production and exports. IKCO, Iran's largest auto firm, intends to increase 2010-2011 production to over 73,000 units.

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