Iran’s biggest car maker, Iran Khodro (IKCO) has said that it plans to reduce dependence on French manufacturers.
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“We are moving toward maximising the share of domestic producers and minimising strategic dependence on Peugeot,” Manouchehr Manteghi, chairman of Iran Khodro Company (IKCO), told reporters.
A number of different Peugeot models accounted for about 64% of the 542,000 passengers cars and pickups produced by IKCO in 2007.
IKCO and the country’s second-largest car manufacturer Saipa also produce the Renault Logan in a joint venture.
The IKCO chairman said the company is turning to East Asian firms and negotiating with a few Japanese companies to set up joint ventures.
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By GlobalDataAnalysts say that the technology ties with Western firms sometimes create local political troubles for Iranian car companies and that France’s government has recently adopted a tougher line in its relations with Tehran. More recently, Iranian automotive firms have also been increasing ties with Chinese firms and Malaysia’s Proton.
