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Iran auto industry not to roll out red carpet for firms from hostile states

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Staff writer ▼ | March 16, 2015
President of Iran's largest carmaker, Iran-Khodro Company, Hashem Yekehzare underlined the country's capabilities in manufacturing modern cars, and said Tehran will not roll out a red carpet for the automakers of those states which have shown a hostile behavior towards Iran.
Hashem Yekehzare
Auto industry   Hashem Yekehzare:
"Today, we are in a status that we talk with the world's top automakers not from the position of a country in need, but from the position of a partner which owns technology," Yekehzare told reporters in Tehran on Saturday afternoon.

"We will never roll out a red carpet for those countries which have not had a friendly attitude, words and performance towards our country and have probably manufactured crisis for the Islamic Republic of Iran and no change is seen in their behavior," he added.

"Iran's market is highly attractive to the foreign automakers," Yekehzare said, and added that ensuring durable and long-term cooperation in designing and manufacturing modern products sets a priority for Iran-Khodro Company (IKCO).

He also announced Iran's plans to choose a European partner, and said, "Several highly creditable companies want to launch cooperation with Iran-Khodro, but IKCO never forgets the lessons it has received from the past and it does not want to hold contracts whose life could come to an end by very small problems."

His remarks came after, Europe’s second largest automaker, PSA Peugeot Citroen, and IKCO agreed to establish a car factory in Iran.

“Peugeot will set up a joint factory with Iran Khodro, held 50% by Peugeot and 50% by Iran Khodro,” Yekeh Zareh said earlier this month. He said that the planned joint factory would export 30% of its manufactured vehicles. The official also said Iran-Khodro would no longer assemble cars in Iran.