Iran News ...


5/4/05

Paykan to go out of production in May: Iran's Industry Minister

Shahr-e Kord, Chaharmahal-Bakhtiari Prov, May 3, IRNA-Minister of Industry and Mines said here Tuesday that the production of Paykan models will be halted by the end of the current Iranian month of Ordibehesht (April 21-May 21).


photo: ISNA

Eshhaq Jahangiri told IRNA that the Renault made L-90 models will come to production in next Iranian year (starts March 20).

He said that the domestic automobile industry needs to expand to be able to become competitive in the international markets.

He also referred the Iran negotiations with the troubled British Manufacturers MG Rover saying, that it is customary that if the automobile manufacturers have the capability they enter into talks with other bankrupt car companies.

He said that Industry and mines Ministry officials have visited the company headquarters in Britain to be informed of the terms and conditions of Rover.

"If the conditions are suitable then they will start negotiations the MG Rover management."

The most important aspect of MG Rover business is its 'license' which purchased at the first opportunity by the Chinese, he said.

"Given the deal there are no incentives for others suitors to purchase the plant," Jahangiri added.

Iran is among over 200 bidders seeking to buy a part of MG Rover, Britain's only remaining mass car manufacturer, which collapsed two weeks ago, administrators seeking sell-off of the firms assets confirmed last week.

"Interest has been expressed by potential buyers from south east Asia, the Middle East, India, Russia and China as well as from the UK," joint administrator Tony Lomas said.

"We have had over 200 expressions of interest and we will be looking at all of these," Lomas was quoted saying by the UK's PA News service.

Reports have suggested that two Iranian car firms, Iran Khodro and SAIPA, were among those expressing an interest and planning to hold discussions about buying the rights and assets of MG Rover.

Iran Khodro is the biggest car maker in the Middle East and also makes Peugeots under license while SAIPA is the second largest car manufacturer in Iran.

Around 5,000 workers at Rover's main Longbridge plant in Birmingham lost their jobs over a week ago when the company went into administration after the failure to reach a partnership with Shanghai Automotive Industrial Corporation of China.

According to the Financial Times, six dealerships in Britain owned by the company are also expected to offer discounts of up to 45 per cent on new cars to help administrators raise cash from assets.

It was also reported that Dastaan of Iran had been in exploratory talks with Rover for about 15 months over plans to build a plant and assemble some 150,000 cars a year in Sistan-Baluchestan province before the collapse.

... Payvand News - 5/4/05 ... --



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