Tehran: 19:30 , 2005/02/23
Mercedes Benz drives into Iran’s market
TEHRAN, Feb. 23 (MNA) – German heavy weight car manufacturing company, Dymler Chrysler, will start producing Mercedes Benz passenger cars in Iran as of February 6, 2005 under a contract that would give an equal share to each side of German and Iranian, ISNA reported yesterday.
Mercedes Benz will be the second foreign car manufacturer (Iran Mercedes Benz Co.) after the French Renault (Pars Renault Co.) that has a joint venture with Iranian car makers.
The German director of the Iran Mercedes Benz Co. will be Kurtz.
Based on the contract, the cars will be imported on a CBU basis but they will be assembled inside Iran on a step-by-step basis. The target users will be governmental organizations mainly and the price of the products might be fixed around 800,000,000 rials each, the report read.
As agreed between the two sides, the cars will be operated by gas-fueled engines.
The German company plans to have another joint venture with Iran for the after sale services too. This contract will give a 49 percent share to the Iranian side.
According to the initial contract, the products were supposed to be manufactured in Iran; however, it was changed to a full CKD contract due to the opposition of the American partner of the Dymler Chrysler Co.
www.mehrnews.com/en/NewsDetail.aspx?NewsID=160078
Mercedes Benz drives into Iran’s market
TEHRAN, Feb. 23 (MNA) – German heavy weight car manufacturing company, Dymler Chrysler, will start producing Mercedes Benz passenger cars in Iran as of February 6, 2005 under a contract that would give an equal share to each side of German and Iranian, ISNA reported yesterday.
Mercedes Benz will be the second foreign car manufacturer (Iran Mercedes Benz Co.) after the French Renault (Pars Renault Co.) that has a joint venture with Iranian car makers.
The German director of the Iran Mercedes Benz Co. will be Kurtz.
Based on the contract, the cars will be imported on a CBU basis but they will be assembled inside Iran on a step-by-step basis. The target users will be governmental organizations mainly and the price of the products might be fixed around 800,000,000 rials each, the report read.
As agreed between the two sides, the cars will be operated by gas-fueled engines.
The German company plans to have another joint venture with Iran for the after sale services too. This contract will give a 49 percent share to the Iranian side.
According to the initial contract, the products were supposed to be manufactured in Iran; however, it was changed to a full CKD contract due to the opposition of the American partner of the Dymler Chrysler Co.
www.mehrnews.com/en/NewsDetail.aspx?NewsID=160078