Tuesday, February 7th | 16 Shevat 5783

November 30, 2014 7:03 am

Foreign Automakers Seeking Shares in Iran’s Car Market Find Locals in Control

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Tabriz, Iran. Photo: Wikimedia Commons.

Daily Mail – Foreign automakers seeking a return to the potentially huge Iranian market with the lifting of international sanctions will find the business environment has changed: former joint venture partners now want to play the game by their own rules.

Iran’s auto industry has been a major casualty of penalties imposed over the Islamic republic’s nuclear programme, with production plummeting and workers laid off because of the ensuing economic slowdown.

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