Minister: Iran, Austria to produce fuel-efficient cars
. Author: mbncom
An Iranian and Austrian company have agreed to manufacture fuel-efficient cars, said minister of industry, mine and trade.
Speaking during a meeting with an Austrian delegation in Tehran, Mohammadreza Nematzadeh said the agreement is part of a bilateral cooperation accord which was reached a year ago.
He added that the two sides have embarked on a project to draw up plans for producing the engine of these cars.
The minister said a plant has been set up in the city of Qazvin for mass manufacturing of the fuel-efficient cars estimating that the production of the three-cylinder vehicles will begin in the next two years.
Nematzadeh noted that Iranian auto companies are in talks with their Austrian counterparts for supplying spare parts.
The minister said contracts with countries such as Austria will contribute to promote Iran's auto industry.
He said such agreements are among the achievements of the Iran nuclear deal which was signed in July 2015.
Iran and the five permanent members of the United Nations Security Council — the United States, France, Britain, Russia and China — plus Germany started implementing the accord known as the Joint Comprehensive Plan of Action (JCPOA) on January 16, 2016.
Since then a large number of international auto companies have expressed willingness to either resume or boost cooperation with the Islamic Republic.
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