EghtesadOnline: Major Iranian automotive companies and 32 parts makers from the private sector signed a $60 million deal on Saturday to curb the auto industry’s reliance on foreign suppliers.
EghtesadOnline: State-owned Bank of Industry and Mine will offer 4 trillion rials ($30.7 million) in loans to 150 car parts makers working with local car company SAIPA.
EghtesadOnline: The government will lend money to two local auto companies, Iran Khodro and SAIPA, to the tune of 40 trillion rials ($333 million). The bailout is for paying part of the carmakers’ mounting debt to local parts makers.
EghtesadOnline: Few days after the introduction of government's new forex policy, local parts makers have expressed deep concern over the fate of their business.