EghtesadOnline: Due to the new US sanctions and the economic headwinds, production of poor quality and outdated (but apparently affordable) vehicles like SAIPA’s Pride cannot be banned, head of Iran Standard and Quality Inspection Company (ISQI) says.
EghtesadOnline: The joint venture company between France’s Citroen and Iran’s SAIPA delivered the first Citroen C3s made in the central city of Kashan to customers earlier this week in Tehran.
EghtesadOnline: After carmaker Iran Khodro jacked up prices twice over the past few weeks, its archrival SAIPA apparently did not waste precious time! The second biggest carmaker raised the price of three models from 24 to 80% over the weekend.
EghtesadOnline: SAIPA-Citroen, a joint venture between Iran’s SAIPA and France’s Citroen says that it has enough spare parts to provide customers with adequate after-sales services.
EghtesadOnline: Iran Khodro and SAIPA are planning to expand their overseas operations. SAIPA is poised to increase production in Syria and IKCO has started manufacturing its Samand model in neighboring Azerbaijan.
EghtesadOnline: Hard-pressed auto manufacturing industry already under mounting pressure for its poor quality and high prices should prepare for a new challenge in the coming weeks. The state is due to raise the bar and announce a new set of automotive standards. Form what is known, most vehicles made by the two major car companies Iran Khodro and SAIPA will not be able to comply with the new norm.
EghtesadOnline: Major carmakers Iran Khodro and SAIPA have seen their debt tally with parts makers, banks and financiers build up in the past few months amassing a debt of 200 trillion rials ($1.37 billion), said the secretary of the Specialized Manufactures of Auto Part Association.
EghtesadOnline: As part of a push to expand SAIPA’s presence overseas, Iranian ambassadors to Venezuela and Algeria visited the automaker’s production facilities and R&D center over the weekend.
EghtesadOnline: While SAIPA’s French partner Citroen has suspended its collaborations with the Iranian company, the local carmaker striving not to get marooned in the past has introduced a brand new model along with a homegrown automotive platform which can usher in a new era for SAIPA.
EghtesadOnline: On Monday, Iranian news websites reported that the eagerly anticipated news on the price of the Citroen C3 hatchback, manufactured through a joint venture between Iran's SAIPA and France's Citroen, had been announced through an "official statement" with the final factory price of the vehicle set at 1.35 billion rials ($32,140). However later in the day, the company released a statement stating that the price has not been determined yet.