Based in Austria, Peter covers Eastern European auto makers and markets.
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Latest From Peter Homola
‟Our ambition is to be the third-largest car manufacturer in Iran,” Renault executive Bernard Cambier says after the automaker signs a joint-venture production agreement with the state-owned Industrial Development & Renovation Organization.
Talks are under way with representatives of local communities and the Economy Ministry, with a decision expected before year’s end, Slovenian daily Večer reports.
The first car to roll out is a red Holden Astra powered by a 150-hp, 1.4L turbocharged 4-cyl. that will be delivered to a customer in Australia.
The show comes with 7-month sales running 14.4% below the country’s already-depressed rate and well behind its best-ever full-year result of 2.9 million sales in 2012, when the economy was healthier and Western economic sanctions had not taken effect.
Daimler is particularly active in expanding its manufacturing footprint in the region. The company last month announced plans to build a second plant at its site in Kecskemet, Hungary, for the production of front- and rear-wheel-drive cars.
Skoda’s “Strategy 2025” plan calls for it to sell cars in 120 markets, up from 102 today.