Iran Khodro Co. seeks cooperation with Germany’s Mercedes-Benz

Business Materials 1 December 2013 14:53 (UTC +04:00)

Baku, Azerbaijan, Dec. 1

By Rahim Zamanov - Trend:

Iran Khodro Company (IKCO) will start cooperation with Germany's Mercedes-Benz Company once the sanctions on Iran's car industry are completely lifted, the Managing Director of IKCO Hashem Yekke Zareh said on December 1.

"We will start negotiations with French Peugeot Company in the coming days in order to restart the two companies' cooperation," the Mehr News Agency quoted Yekke Zareh as saying.

He went on to note that IKCO is also negotiating with another German car manufacturer, but refused to give more details.

The Managing Director of Setareh Iran Company Seyyed Reza Hosseini said in October that Setareh Iran Company is negotiating with the Mercedes-Benz Company to reopen the German company's production line in Iran.

"Iranian Top Khodro Company previously used to manufacture Mercedes-Benz company's sedan cars in Iran. But the production line is now inactive. In case the negotiations are successful and the sanctions are lifted we can open the line," the Fars News Agency quoted Hosseini as saying.

"Iran Khodro Diesel was also active in production of Mercedes-Benz models, especially E-Class series, in Iran," he said, adding that Iran is still the exclusive base for production of the German company's model in the Middle East.

Based on the recent deal between Iran and the P5+1, sanctions on Iran's car industry will be removed in near future.