Iranian company looking to produce 100,000 hybrids

If you were a company in Iran, where oil is plentiful, would you be thinking of building 100,000 hybrid vehicles? You would if you were the Iran Khodro Company (IKCO) and you just wanted to fulfill your share of the government's request that the nation's automakers build 280,000 light hybrids by March 20, 2007. While no Iranian hybrids have been produced in the factories, IKCO has already made about 7,0000 natural gas-powered vehicles. IKCO works with Peugeot and it'll be interesting to see how the hybrid technology is implemented in Iran. Peugeot recently made a hybrid splash with the 307 CC Hybride HDi.
[Source: In Iran, Thanks to AutoblogGreen reader John]