TEHRAN (FNA)- Iranian Industry Minister Reza Rahmani said car manufacturers and part makers of his country welcome Chinese carmakers wishing to invest in Iran.

“Iranian car manufacturers and car part makers welcome joint investment and cooperation with their Chinese counterparts,” Rahmani said in the port city of Shanghai in China on Sunday.

He added that Iran"...

A fter a long-drawn fracas between importers and government authorities, 1,048 cars are to get customs clearance.

According to Financial Tribune’s sister publication Donya-e-Eqtesad, following an agreement between the Industries Ministry and the Islamic Republic of Iran Customs Administration, cars stuck in customs warehouses for months and even years are to be released.

The"...

The results of the 8th cycle of the unique and long-running ‘UAE Road Safety Monitor’ study once again underline the authorities’ efforts to further improve the country’s road infrastructure and this directly contributes to all-time-high values for driving enjoyment and a slight decrease in commute times. However, the study once again points out the (mis)behavior of motorists, stating a slight increase in the perception of dangerous driving overall, but thankfully still on a relatively low level over"...

Toshiba Digital & Consulting Corporation (hereinafter TDX) and Spain’s Gestamp, the global leader in metal components for automobiles, have announced that they are cooperating in a project to bring advanced monitoring and analysis to the welding of vehicle chassis parts. By drawing on know-how from the Internet of Things (IoT) and artificial intelligence (AI), and utilizing data from camera images and acoustic emission (AE) sensors, the companies aim to secure very high precision detection of weld seam quality,"...

TEHRAN, Oct. 23 (MNA) – Minister of Industry, Mine and Trade Reza Rahmani said that production line of four types of vehicles will be stopped by the end of the current year (started March 20, 2019).

He made the remarks on Wednesday and added, “reforming the structures and organizing car manufacturing industry have been put atop agenda of the Ministry of Industry, Mine and Trade.”

He"...

TEHRAN – Iranian Industry, Mining and Trade Minister Reza Rahmani said his ministry is planning on handing over the country’s major auto makers to the private sector, IRIB reported.

“Automobile manufacturing companies are not going to be awarded to any real entity, but we are considering handing them over to the private sector,” the minister told reporters on the sidelines of a cabinet meeting on Wednesday.

Pointing"...

O ver the past week, Tehran hosted an event to connect tech firms with automakers, on the sidelines of which several deals totally worth $162 million were signed.

The government-backed Iran National Innovation Fund has organized a three-day gathering in Tehran, which opened on Monday, IRNA reported.

During the event, SAIPA subsidiary Mega Motor signed 22 deals with local"...

Dubai World Congress for Self-Driving Transport; organised by Roads and Transport Authority (RTA) Dubai on 15th and 16th October 2019 has attracted more than 700 technology leaders and innovators as well as 3000 visitors of the accompanying exhibition. The congress focuses on cutting-edge technologies, besides discussing and developing a general legislative structure for autonomous transport.

The event is part of RTA’s efforts in support of"...

Based on the high demand for non-military armored vehicles by international SWAT units, Mr. Ulugbekhon Maksumov, CEO of Inkas Vehicles LLC made a decision to contribute to the law enforcement sector on rescue missions. This decision supports the INKAS mission of “saving lives” through the development, assembling and armoring vehicles.

Therefore, Inkas’ CEO has insisted that our resident engineers revisit TITAN-DS design and fashion"...