Iran, Turkey, Russia consider launching joint car: Industry businessman
Iran, Turkey and Russia could launch a joint car project in the near future based on a proposal submitted to the three governments by private industries, says an Iranian industry businessman who is familiar with the issue.
Mohammad Reza Najafi Manesh, who leads Iran’s association of autoparts makers, said on Sunday that Turkish industries had first raised the idea for setting up a consortium with Iran and Russia to design and manufacture a joint car.
“The project was proposed by the Turks and the Russians have welcomed it,” Najafi Manesh was quoted as saying by the IRNA.
“This proposal has been submitted to the industry officials in the three countries and we believe the manufacturers have the capacity and the potential to realize the task,” he said.
The businessman said the project could benefit from parts manufacturing capacity in Turkey as well as the design potentials and manufacturing platforms in the Iranian and Russian automotive sectors.
He said international carmakers, including Renault, had set up similar projects in Iran and Russia which they abandoned following the imposition of Western sanctions on the two countries
Najafi Manesh said Russia has been looking to countries such as Iran and Turkey in search of suppliers of cars and autoparts after it came under sanctions in February because of the war in Ukraine.
He said another advantage for the joint project could be an understanding between Iran, Russia and Turkey to bolster their banking ties to allow increased use of mutual currencies to settle payments between businesses.
Iran reports slight increase in mining sector exports in April-October
Immunity of Iran’s shipping industry to illegal sanctions
Iran parliament committee approves to lower car import tariffs
Israeli embassy shooting in Jordan leaves gunman dead, 3 police injured
VIDEO | Paris march in support of Palestine women
VIDEO | ICC issues arrest warrants for Israeli prime minister, ousted regime war minister
120 Palestinians perish as Israeli war machine keeps ravaging Gaza
VIDEO | Struggles of Palestinian women amidst war, displacement
VIDEO | Hezbollah rains attack drones down on elite Israeli brigade
VIDEO | US biased mediation fails
Leader: All captains of criminal, Zionist, terrorist gang must be prosecuted
PressTV NEWSLETTER
now
This makes it easy to access the Press TV website
