Iran

The auction on Iranian President Mahmoud Ahmadinejad's 1977 Peugeot 504 officially closed earlier this week with winning bid of $2.5 million. The funds are set to be used to build housing for low-income families. According to MSNBC, ...

Iranian President Mahmoud Ahmadinejad recently put his 1977 Peugeot 504 on the auction block. The original price for a '77 504 was in the neighborhood of $9,000, and a used one like Ahmadinejad's could fetch $2,000 in its local market. ...

Given the manner is which demonstrations are put down by the Islamic Republic, populism may not seem like a key element in Iran's political system. But in an effort to gain support from lower classes during his campaign, Iranian ...

The current situation over in Iran is pretty grim, what with major countries like the United States and Europe imposing new sanctions on the Middle Eastern country. The reason? International concern over the country's nuclear program. Because of this situation, Toyota has decided to cease ...

With pressure mounting on Iran to halt its nuclear program, Daimler is reportedly joining the growing list of businesses – German ones especially – that are reducing their commercial activities with the rogue nation. Daimler has strong business ties in Iran, principally centered ...

As the entire industry looks towards China as a new vehicle for growth, Chinese automakers are investing heavily outside of the country in places as diverse as the Ukraine, Brazil and Egypt. The latest offsite location is Iran, where China's largest automaker Chery Auto has announced plans to build ...

Pushing aside mounting political pressures, Renault has announced that it will go ahead with plans to build its Logan sedan in Iran as part of a joint venture. Signed yesterday, the deal had been in doubt for some time-and not because of the nation's controversial nuclear initiative. As Autoblog ...

Iran is putting a crimp in Renault's plans. The French automaker had teamed up with the nation as part of a joint-venture to build the bare-bones Logan (L90), but now finds itself in a bind as authorities in Tehran have nixed the plan, apparently over a disagreement over the export futures of the ...

So, Iran looks to be one of the Next Big Things for automakers in their chase to find lower cost manufacturing, but it's clear that the country's auto industry has much bigger aspirations than serving as China's slave labor. Iran already imports "knockdown kits" from Asia, but in an ...