Falling output over the past two years has made clear the limits of the Iranian government’s ability to grow the automotive sector without foreign partnerships and new investment.
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All tagged auto industry
Falling output over the past two years has made clear the limits of the Iranian government’s ability to grow the automotive sector without foreign partnerships and new investment.
◢ The combination of reimposed sanctions, a slowing economy, and a devalued currency have put Iran’s automotive sector under severe pressure With nearly 1 million jobs linked to the automotive industry, the price of a new car could be even more important than the price of oil for the Iranian economy. In an interview with Bourse & Bazaar, Saeed Madani, the former CEO of SAIPA, warned that price controls are squeezing state-owned automakers.
