ILNA: France’s car - maker Renault is in talks with Iran’s SAIPA Company to buy 20 percent of the shares of Pars Khodro Company.
Majid Souri, an official with SAIPA Company, said that by buying the mentioned shares, Renault will gain a seat in the company’s board of directors.
“If the nuclear talks bear results, our negotiations will be pursued seriously, ” he added.
He went on to note that currently SAIPA owns ۷۴ percent of Pars Khodro Company’s shares.
“Renault seeks to boost its production in the Iranian market, ” Souri said.
Iran’s total car output has been increased significantly in the current calendar year, which started on March ۲۱.
Some ۶۲۵,۵۴۰ cars have been produced in Iran in the first seven months of the current calendar year, which stated on March ۲۱.
The figure shows a ۷۱.۴ - percent increase compared to the same period of the previous year.
Sedan cars output stood at ۵۳۰,۳۱۳ in the mentioned period, some ۷۰.۸ percent more than previous year.
Iran produced ۹۸۹,۱۱۰ cars in ۲۰۱۲, which made the country Asia’s eighth largest car manufacturer.
Iran also stood at the world’s ۱۸th place in the mentioned year.
China, Japan, South Korea, India, Thailand, Turkey, and Indonesia were Asia’s seven largest car manufacturers.