Iran General NewsRenault to produce cars in Iran

Renault to produce cars in Iran

-

BBC: French carmaker Renault has unveiled plans to build its new budget car, the Dacia Logan, in Iran. The car is designed to help Renault boost its sales in emerging markets.
The Logan will be built in Iran by Renault Pars, a joint venture with Iran’s Industrial Development and Renovation Organisation (IDRO). BBC

French carmaker Renault has unveiled plans to build its new budget car, the Dacia Logan, in Iran.

The car is designed to help Renault boost its sales in emerging markets.

The Logan will be built in Iran by Renault Pars, a joint venture with Iran’s Industrial Development and Renovation Organisation (IDRO).

Iran’s parliament recently passed a law giving it a veto over foreign joint ventures, but Renault has narrowly avoided coming under its authority.

The law – aimed primarily at Turkish firms’ investments in airports and telecoms – was passed in September and was retroactive to 20 March 2004.

Renault’s deal to own 51% of Renault Pars was signed on 16 March.

The Dacia brand is that of a Romanian carmaker which Renault bought in 1999

Renault Pars is expected to produce 300,000 Logans a year from 2006 onward, Renault said, adding that it would market the car in Iran under its own brand rather than that of Dacia.

‘No frills’

Following on from a recent launch in Romania, Renault is planning to release the Logan elsewhere in central and eastern Europe, and in the Middle East and north Africa – over the coming year.

Russia, Colombia, Morocco, and possibly China – as well as Iran – are on the agenda as well, both as markets and potential manufacturing sites.

There are also plans to bring it to Renault’s more mature markets in western Europe, to compete with “budget” models from other carmakers such as Peugeot’s 107 and Volkswagen’s Brazil-built Fox.

The price in western Europe is likely to be some 7,500 euros, with exact figures depending on local tax levels.

Renault hopes to sell 4 million of the cars a year worldwide by 2010.

The Logan is based on the Clio, Renault’s successful entry in the “supermini” class.

But it lacks the extras now supplied as standard on many manufacturers’ models – the windows are manual, the radio lacks a CD player, and there is no sign of air conditioning, power steering or airbags.

Latest news

Iran’s New Generation Seeks Nothing but Regime Change

In a silly and desperate statement, the Iranian regime’s foreign minister Hossein Amir-Abdollahian claimed that nothing special is going...

Iran’s Youths Broke the Spell of Fear

One of the main characteristics of the recent protests in Iran is the courage and fearlessness of the people,...

Iran Is on the Brink of a Revolution

The wall of fear has been broken. In many cities across Iran, women are taking to the streets, leading...

Iran’s Regime Claims To Fill Global Energy Gap Despite Crippled Petroleum Sector

In recent weeks, the Iranian regime’s officials have been constantly exaggerating their huge capacity in oil and gas reserves...

What Is Happening in Iran?

Following the brutal killing of Masha Amini, the Iranian people have once again united to fight and defeat the...

Iran Regime’s Ministry of Culture’s Decision To Eliminate Children’s Intellectual Centers

With the so-called ‘Cultural Revolution’ which took place between 1980 and 1983, the Iranian regime tried to purge the...

Must read

Iran says close to resuming ties with Egypt

Reuters: Iran is close to resuming full diplomatic relations...

Dozens detained as students protest in Iran capital

Iran Focus: Tehran, Iran, Feb. 25 – Hundreds of...

You might also likeRELATED
Recommended to you