Azerbaijan-Iran joint car plant Khazar plans to begin exporting cars to Russia and other CIS countries next year, AzerMash, one of the plant's owners announced in a statement.

According to Trend News Agency, the company noted in its statement that it is currently holding talks on supplying cars to these countries. In general, there are plans to supply about 20 percent of the plant's output to foreign markets.

Presently,"...

The Board of Directors of Rockwell Automation, Inc. (NYSE: ROK) today authorized the company to expend up to an additional $1 billion to repurchase shares of Rockwell Automation common stock. This is in addition to the authorization on January 15, 2018, to repurchase $1 billion worth of common stock, of which approximately $245 million was remaining as of September 5, 2018.

“Our Connected Enterprise strategy generates strong, sustainable cash"...

Maxion Wheels, the world’s largest manufacturer of wheels, announced today its participation in the 67th IAA Commercial Vehicles exhibition in Hanover, Germany. From Sept. 20 – 27, 2018, Maxion Wheels will display both its application-diverse truck wheel product portfolio, as well as present several of its latest innovation wheels designed to tackle the industry’s challenges of fuel efficiency, connectivity and new mobility in Hall 26 / Stand A42.

In"...

Iran's Industrial Development and Renovation Organization (IDRO) and Australia’s Avass Group signed a memorandum of understanding (MOU) for the joint manufacturing of electric cars and motorcycles in Iran, the website of IDRO reported.

Based on the NOU which was signed in Tehran on Monday the Australian side will transfer related technology to Iran and also invest €100 million for the joint manufacturing of the mentioned products....

The ongoing conflicts between the regime affiliated automobile makers and component manufacturers, is putting the employment of thousands of workers in great jeopardy.

The Secretary of the Board of Directors (of component manufacturers), Mazyar Beiglou, has warned the Ministry of Labour and Social Affair, of an upcoming wave of unemployment; which is predicted to impact thousands of workers in this industry.

In"...

Ukraine's minister of infrastructure called on Iranian firms to play a more active role in road construction in his country and export technical and engineering services to Ukraine.

Volodymyr Omelyan made the remarks on Friday in a meeting with Iran's Ambassador to Ukraine Mohammad Beheshti Monfared, IRNA reported.

He referred to his upcoming visit to Tehran to"...

Iran's leading automobile manufacturer Iran Khodro intends to launch second production line in Azerbaijan, said a deputy minister of industry, mine and trade.

Mohsen Salehi added this will allow the company to expand its production in Azerbaijan, reported Trend News Agency.

'At present, Iran Khodro intends to increase its production capacity to raise the daily"...