Jul 11, 2015, 5:27 PM
News Code: 81678999
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Iran, Italy establish joint company on car design

Tehran, July 11, IRNA – Iranian car manufacturing company decided to form a joint Iranian-Italian company on car design.

In order to make up for its shortcomings in car design, Iranian major auto maker, Iran Khodro, on Saturday, signed a trilateral agreement with another Iranian company, Tisser, and Italy's BDI company.

The establishment of the company is in line with fulfillment of Iran's 20-year Vision Plan in auto making industry.

Experts believe that weakness in car design has always been an Achilles heel for the Iranian auto industry.

Iranian auto makers have so far played a minor role in car design and this part of Iran's auto making has usually been carried out by foreign companies.