You are here

Iran calls the shots as foreign carmakers make re-entry

New JV deals require 40% of production done in Iran, rising to 85% after five years

As prospects of better times for the car industry grow, this week's Iran Auto Show may draw global suitors to Teheran.


FOREIGN carmakers seeking a return to the potentially huge Iranian market with the lifting of international sanctions will find the business environment has changed: former joint venture partners now want to play the game by their own rules.

Iran's car industry has been a...