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.
EghtesadOnline: As part of SAIPA's extensive presale launched last week, the company offered a limited number of Kia Ceratos assembled in Iran, all of which were sold out in a few hours.
EghtesadOnline: Iran’s major carmaker SAIPA has completed the third phase of a scheme which aims to help mitigate the depletion of underground water resources.
EghtesadOnline: Second largest automaker in the country SAIPA says they have an action plan in place in the event of probable headaches coming in the way of Iran’s auto industry.
EghtesadOnline: Through a joint venture with Iranian carmaker SAIPA, French automotive giant Citroen presold 2,000 units of its small city hatchback C3 in its initial offering in the country on May 16.
EghtesadOnline: Reports from the SAIPA Group show that the second major local carmaker is mulling over alternatives to the production of Pride, the company’s cheapest model which is manufactured in Iran for almost three decades.
EghtesadOnline: Carmaker SAIPA has ultimately transferred ownership of its Bonro production plant in Saveh, 100km southwest of Tehran, to Renault, head of the Industrial Development and Renovation Organization of Iran announced.