Iran Khodro to sign deal with Mercedes within few months
Tehran, Iran, March 14
By Mehdi Sepahvand - Trend:
Iran Khodro carmaker will sign a trade deal with Germany's Mercedes Benz in the first half of the next Iranian fiscal year (to begin March 20), according to the Iranian car making company's CEO Hashem Zare Yekta.
He said the deal will include agreements on trade as well as making sedans, Iran Khodro's website reported March 14.
Earlier, Yekta had said his company intended to sign one agreement with Mercedes and one with another company, adding both agreements eye expansion of international cooperation as well as boosting domestic capabilities.
Yekta asaid Iran Khodro is in talks with a Japanese company, which he did not name, adding that Iran Khodro is also going to hold talks with Renault.
"We are in serious talks with an Italian company as well. If things go as planned, soon we will be signing a deal with them, too," he said.
Iran Khodro is Iran's leading car making company. It was one of the first Iranian companies to sign a foreign deal in the wake of the removal of international sanctions on Iran on July 16.
The company's representatives traveled to France with President Hassan Rouhani a few days after the sanctions were lifted. There they signed a joint venture deal with Peugeot.