German carmaker may launch joint ventures in Iran
Baku, Azerbaijan, Oct.21
By Fatih Karimov - Trend:
Skoda Auto, an automobile manufacturer based in the Czech Republic, and a wholly owned subsidiary of the German Volkswagen Group, may become a partner of Iranian carmaker Iran Khodro.
After launching joint ventures with French giants Renault and Peugeot, Iran Khodro is negotiating with Skoda to establish production lines in Iran, Donya-ye Eqtesad Persian language daily reported on October 21.
Skoda was founded in 1895. It became a wholly owned subsidiary of the Volkswagen Group in 2000. Its total global sales reached 931,696 cars in 2013.
Iran Khodro CEO Hashem Yekeh Zare' said Skoda may acquire a 30 percent share of Iran Khodro's domestic market in the future.
Since 2005, Skoda has embarked on launching joint ventures with Iranian carmakers three times, but the deal never worked, every time due to undisclosed reasons.