TEHRAN (AFX) - Iranian public sector auto giant Iran Khodro Diesel (IKD) signed a deal with DaimlerChrysler AG for limited numbers of luxury Mercedes-Benz cars to be assembled in the Islamic republic, the official news agency IRNA reported.
The report said that under the deal, IKD will set up a company called Top Khodro to assemble the cars under the supervision of Mercedes-Benz, a division of the German-US auto giant.
Mercedes Benz 200, 250 and 350-E models will begin rolling off the production line later in 2005, with initial annual production limited to 2,500 units but eventually expanding to 5,000.
The head of IKD, Majid Sheikhani, said the cars would "fill the gap of luxury cars in Iran".
fpn-sgh/sas/kir/ab
For more information and to contact AFX: www.afxnews.com and www.afxpress.com
The report said that under the deal, IKD will set up a company called Top Khodro to assemble the cars under the supervision of Mercedes-Benz, a division of the German-US auto giant.
Mercedes Benz 200, 250 and 350-E models will begin rolling off the production line later in 2005, with initial annual production limited to 2,500 units but eventually expanding to 5,000.
The head of IKD, Majid Sheikhani, said the cars would "fill the gap of luxury cars in Iran".
fpn-sgh/sas/kir/ab
For more information and to contact AFX: www.afxnews.com and www.afxpress.com
