Wednesday, May 25, 2005

Renault to build Megane in Iran - BBC

The venture is 51% owned by Renault, despite a law passed this year banning foreign firms from majority ownership. The law, passed in September 2004, imposed a retroactive 20 March cut-off point. Renault signed its deal for Renault Pars, as the venture is known, four days earlier.
Iran, like many other countries, has had a history of borrowing car designs from abroad. For 40 years, its most popular car was the Paykan, a pollution-spewing copy of the 1960s British Hillman Hunter. The Paykan was finally discontinued by Iran Khodro earlier this month.


Thanks to M. A. for the link.



Post a Comment

Links to this post:

Create a Link

<< Home