Iran’s automotive industry is slowly recovering

While initial reactions from automakers after the sanctions were lifted have been positive, the Iranian automotive industry faces a long road on its way to recovery, mainly because of the bad state of the auto parts business.

Even worse, after initial prompt reactions form French carmakers like Renault and PSA who said they would rush to resume production, silence has settled from the big automakers – a good example being a gathering organized by the Iranian Auto Parts Manufacturers Association who utterly failed after 22 officials and vehicle manufacturers from the guest list were nowhere in sight.
Iran’s roughly 2,000 …read more

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