Source: Press TV
Manouchehr Manteqi the chief executive and
president of the Iran Khodro Company, the
Middle East's largest automaker, has been dismissed.
Following Manteqi's unexpected dismissal by Iran's minister of industry and mines on Sunday, most of his deputies have also resigned.
Manteqi's dismissal came after the idea of merging Iran Khodro (IKCO) with Iran's second-largest car company, Saipa, gained ground, Tabnak reported.
Javad Najmeddin, managing director of MegaMotor Co, took up the post in an official ceremony on Sunday. Manteqi did not attend the inauguration of the new chief.
According to Tabnak, the new head of the IKCO has now been tasked with pursuing the merging of the two companies.
Manteqi headed Iran Khodro for more than seven years and was a staunch opponent of the merge.
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