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5/17/06

Iran-France L90 agreement to be signed in weeks

TEHRAN, May 15 (Mehr News Agency) -- The agreement to produce in Iran the French passenger car L90 is expected to be signed within the next two weeks, noted a lawmaker here on Monday.

The French car producer Renault has consented to conditions set by Iran which provide for the export of 20 percent of the cars produced here, noted Mohammad-Reza Sajjadian, member to the Industries and Mines Commission of Majlis.

Meanwhile, in a report given to the Majlis (parliament) by Manuchehr Manteqi, the managing director of Iran's major auto producer Iran Khodro Industrial Group (IKCO), the official put the profits earned by his company in the current year at Rls.5400 billion.

Daily production of Iranian made automobiles at the car company is expected to rise from the current 1,800 cars to 2,000, he also explained.

Being the largest car producer in the Middle East region, IKCO presides over more than 100 large domestic auto part producers affiliated to it.

... Payvand News - 5/17/06 ... --



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