I ran Khodro dealers confirm that the new Peugeot 301 sedan is priced at 949 million rials ($24,973), and will be delivered to buyers in ten days.

The 301 model is assembled by IKCO under a joint-venture IKAP with the giant French automaker. However, the company has not said if the first models are locally produced, local website Asbe Bokhar reported.

The inflated price"...

At a highly-anticipated private gathering during the famed Monterey Car Week, a 1954 Maserati A6GCS/53 Berlinetta by Pinin Farina, from the Monaco-based Destriero Collection, was named winner of the prestigious second-annual The Peninsula Classics Best of the Best Award. Only four Berlinetta-bodied sports cars from Pinin Farina were ever produced, and this exquisite model is considered to be the best preserved, as it is the only one that retains its original chassis and body. Custom ordered by the Roman dealer of the marque, the sports car is based on the very successful 2-liter racing car developed by the Maserati brothers. Its uncompromising sporting style is highly representative of the coachbuilding artistry of the 1950s, helping it win Best in Show at last year’s Concorso d’Eleganza Villa d’Este. Originally debuted at the 1954 Paris Motor show, the automobile was first......

Recent deal with French automaker Renault concerning the launch of the joint venture in Iran would play a key role in the development of the Middle Eastern country’s auto parts manufacturers and suppliers, an industry official told Trend.

Industrial Development and Renovation Organization of Iran (IDRO) cemented €660 million deal with French automaker Renault on Monday.

Secretary"...

Iran’s official news agency says two Iranian companies have signed the country’s biggest-ever car deal with French multinational automobile manufacturer Groupe Renault to produce 150,000 cars, beginning in 2018.

IRNA says the deal was signed on Monday in Tehran.

The €660 million — or $778 million — deal follows the lifting of international"...

Yamaha Motor Co., Ltd. (TOKYO:7272)(ISIN:JP3942800008) announced today that in the first half of its fiscal year ending December 31, 2017, consolidated net sales of 828.1 billion yen were up 6.4% from the previous year. The company achieved all-time highs in operating income of 82.2 billion yen (up 25.7%), ordinary income of 83.5 billion yen (up 51.1%), and net income for the period attributable to parent company shareholders of 60.8 billion yen (up 87.5%). In emerging markets, motorcycle sales rose and operating income was significantly higher thanks to sales of higher priced products and cost reductions due to the advancement of platform-based products. In developed markets, motorcycles, marine, industrial machinery & robot products and electrically power-assisted bicycles contributed to increased sales and income. Motorcycle net sales rose 6.6%, supported by brisk business in emerging......

Mitsubishi Motors will introduce the plug-in-hybrid version of its Outlander sport utility vehicle to the Iranian market as early as fall, eager to capture burgeoning demand for environmentally friendly autos.

The lifting of Western sanctions over nuclear activities has spurred the Middle Eastern nation's auto production and imports. And severe air pollution there is fueling"...

French carmaker Renault will sign a long-awaited deal on Monday to build more than 150,000 cars a year in Iran, a source close to the country's industry ministry told AFP.

Unlike its chief competitor PSA, which makes Peugeots and Citroens, Renault never fully quit Iran during the sanctions period and already makes some 200,000 cars a year there.

But it had to put a"...

The BX7 SUV, one of the first new models of the BORGWARD Group AG to be launched in the GCC, is granted the European Whole Vehicle Type Approval (WVTA) certificate.

The E.U.'s latest WVTA certification is based on the European Economic Commission Regulations and European Union Directives and Regulations. Considered the strictest certification system, WVTA testing is part of a well thought out strategy by BORGWARD ahead of their expansion plans"...

(ME NewsWire)-- Inteva Products, LLC, a leading global Tier One automotive supplier of engineered components and systems, received its second consecutive innovation award in the annual Innovation Awards program sponsored by the European Association of Automotive Suppliers (CLEPA). This year’s recognition was for Inteva’s structurally integrated panoramic sliding sunroof developed in cooperation with Daimler for the Mercedes-Benz GLE Coupe.

The"...

Iran became the world's 18th largest car manufacturer, according to latest figures released by International Organization of Motor Vehicle Manufacturers' (OICA).

The figures show that Iran manufactured 1,164,710 cars during 2016, which indicate an18.6-percent growth, compared to the figure for2015, Trend News Agency reported.

China, US and Japan with 28.11 million,"...