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- Iran in reverse brain drain as top students come home in rising numbers
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- Shia Muslims celebrate Eid Al-Ghadir
- North Korea praises Iran’s anti-US struggle
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- Iran to hold int'l hand-woven carpets expo
- Zarif meets with Iran-Kuwait Friendship Group members
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- ‘Iran to stay in nuclear deal as long as its interests are met’
- India envoy happy with positive trend of trade with Iran
- Iran’s annual export of white meat tops 2.5m tons: Minister
- Iranian scientist discovers new state of matter
- Iran, Japan diplomats discuss bilateral ties
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- Zarif reacts to release of Iranian tanker in Gibraltar
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TEHRAN, October 31 - Iran’s car-maker Saipa and Chinese-owned Swedish vehicle manufacture Volvo Cars are going to establish a joint company, said Saipa CEO Rasoul Mohammad-Sadeghi.
TEHRAN, Young Journalists Club (YJC) - “We have held talks with Volvo Cars to make Iran a regional hub for building the company’s products in the region. The talks are going to focus on export of Volvo cars manufactured inside Iran to regional countries, CIS and Africa.”
The two companies have discussed joint investment and agreed on establishing a joint company, he continued.
20 percent of Volvo Cars products are being manufactured in Iran, he said, adding, the figure would rise to 30 percent by next year based on the agreements.
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