Iran General NewsIran Khodro seeks self-sufficiency after Peugeot exit

Iran Khodro seeks self-sufficiency after Peugeot exit

-

Bloomberg: Iran Khodro Co., the country’s largest carmaker, can produce most of the parts for the Peugeot 206 model, Fars reported, citing a top company official.
Bloomberg

By Ladane Nasseri

Iran Khodro Co., the country’s largest carmaker, can produce most of the parts for the Peugeot 206 model, Fars reported, citing a top company official.

The company is “self-sufficient in producing 90 percent of the parts” for that car, said Hossein Najjari, Iran Khodro’s deputy for production affairs, according to the state-run Fars news agency. “Efforts are made to use local suppliers for parts that were previously imported.”

PSA Peugeot Citroen suspended sales of car assembly kits to Iran in February, the report said. Locally assembled versions of the Peugeot 405 and 206 models are prevalent in Iran, it said.

U.S., European Union and United Nations sanctions against Iran over its nuclear activities have limited energy, trade and financial interaction with the Persian Gulf nation. Iran rejects U.S. accusations that its nuclear program is a cover for developing atomic weapons and says it’s needed for power generation.

Latest news

The World Must Acknowledge the Iranian People’s Right to Self-defense

Victor Hugo once said: “When dictatorship is a fact, revolution becomes a right.” Throughout history, this has been the...

Iran: 60% Of Population Is Poor

The livelihood baskets of the Iranian people are shrinking dramatically. This, in turn, has introduced new concerns to protect...

The implications of EU’s terrorist designation of the Revolutionary Guards (IRGC)

The European Parliament called on January 18 for the European Union to list Iran's Revolutionary Guards (IRGC) as a...

Iran’s Regime Is Hiding Human Rights Violations In Its Prisons

With more than four months into Iran’s latest round of nationwide uprisings, the brutality of the Iranian regime’s security...

How Internet Censorship Is Damaging Iran’s Economy

While in the last four months, internet access in Iran has been cut off or severely limited, the regime’s...

Iran Regime’s Upcoming Budget Bill Will Lead To More Protests

On January 12, the Iranian regime’s president Ebrahim Raisi handed over the country’s budget bill to the parliament.  According...

Must read

Thailand sells 250,000 tonnes of rice to Iranian government

Business Recorder: The Thai government has signed a contract...

Iran Sends 3 Attack Planes to Iraqi Government

New York Times: Deepening its involvement in the crisis in...

You might also likeRELATED
Recommended to you