IKCO Expands in Algeria

TIN news: Iran's largest vehicle manufacturer, Iran Khodro Company, has signed a contract with an Algerian private company to set up a production line and exchange technical and engineering knowhow. According to the local automotive news website Asre Khodro, the Iranian partner will not have to provide direct investment for operating in Algeria. The report explains that IKCO's latest strategy is to expand its operations overseas. Saeed Tafazzoli, the company's export deputy, stated that during the ...