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Apr 25, 2005

PRODUCTION - CHINA - KHODRO Irans's sign deal to manufacture cars

SHANGHAI,China -Asia Pulse/PRNewswire:SYDNEY,Australia -April 25 2005: -- ... In an agreement signed between the two countries, the Iran Khodro industrial group will manufacture a brand of car called Samand in China, based on mutual investment... The initial amount of the joint investment for production of Samand stood at US$60 million. According to the official, 20,000 cars are to be produced in China in the first year, growing to 120,000 in three years... http://www.asiapulse.com

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