Friday 11 July 2014

Iran sells $430m stake in Khodro

Iran's government has sold an 18 per cent stake in Iran Khodro, the Middle East's biggest carmaker, for the equivalent of about $430 million, said a senior Tehran Stock Exchange official. The offering by Privatisation Organisation


Iran replaces head of its largest car maker

Iran has replaced the head of partly state-owned Iran Khodro, the Middle East's largest car maker which has a joint venture with France's Renault, Iranian media reported on Tuesday. The reports carried by several newspapers did not


China's Chery to form $370m Iran car venture

Chery Automobile Co, a mid-sized but fast-growing Chinese car maker, has agreed to set up a $370 million assembly plant in Iran with two foreign partners, targeting Iran and neighbouring markets. Chery will hold 30 per cent in the venture,

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