* Germany - Truck maker Daimler signs agreement to return to Iran
-- Daimler on Monday said its trucks division had signed letters of intent with joint venture partners in Iran as part of the German truck maker's re-entry into the Iranian market following the lifting of international sanctions... Iran has opened up as an export market following years of economic isolation as world powers lifted sanctions in return for Tehran's compliance with a deal to curb its nuclear ambitions... Daimler said it would cooperate with Iran Khodro Diesel and Iran's Mammut Group, establishing a joint venture for local production of Mercedes-Benz trucks and powertrain components, plus the establishment of a sales company for Mercedes-Benz trucks... Furthermore, there are plans for Daimler to return as a shareholder in the former engine joint venture Iranian Diesel Engine Manufacturing Co. ... Daimler Trucks intends to open a representative office in Tehran during the first quarter of 2016, the Stuttgart, Germany-based company said...
(Photo from REUTERS, by Johannes Eisele - A emergency exit sign is pictured above a logo of German car manufacturer Daimler AG, before the annual news conference in Stuttgart February 18, 2010) -- Frankfurt, Germany - Reuters, by Johannes Eisele - 18 Jan 2016 Labels: truckmakers news Germany
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