Russia, Turkey and Iran study the joint manufacture of cars

Russia, Turkey and Iran study the joint manufacture of cars

“These three countries can capture a huge market for their products,” said Najafi-Manesh. Furthermore, he argued that they could target a population of “at least 800 million if neighboring regions are included.”

“Manufacture all the parts of this car, avoiding foreign exchange transfers to supply spare parts and the existence of export markets are some of the advantages of this project,” he added.

The idea was first raised by Turkey and Russia was “interested”he added.

Iran is also suffering from economic sanctions imposed by the United States in 2018 after Washington unilaterally abandoned the Iranian nuclear deal.

Russia and the request for help from Iran

Russia, which is suffering from various sanctions from Western countries for its invasion of Ukraine, asked Iran in May to supply it with key components that it could no longer access.

A Russian automaker, whose name was not disclosed, asked for key components to be could not find in Russia.

According to a person in charge of the Iranian Association of Automobile Parts Manufacturers, the Russian company was interested in Iranian companies to make its production chain, affected by the invasion, work normally.

The war in Ukraine disrupted car production in Russia. Numerous manufacturers suspended their sales of parts or vehicles to this country, such as Audi, Honda, Jaguar and Porsche. Others announced that they were suspending their production as Renault, BMW, Ford, Hyundai, Mercedes, Volkswagen or Volvo.

Source: Ambito

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