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No-deal Brexit 'would cost UK car industry £40b by 2024'
The British car industry has delivered a bleak warning over the danger of a no-deal Brexit, saying it would devastate UK motor manufacturing at a cost of more than £40 billion in lost production by 2024.
Iran says Pride will be eliminated from its car industry
Iranian authorities said that Pride, a car model that has dominated the country’s market for more than two decades, will be dumped in early summer 2020 as reports emerge of a recession that has affected sales in the wider industry.
Iran Khodro produces car engine
Iran’s giant carmaker Iran Khodro manufactured a home-made engine named EC5 which can reduce fuel consumption in Peugeot 301 passenger cars.
Auto parts makers hoping for joint Iran-Russia-Turkey production
The idea of jointly producing cars by Iran, Turkey and Russia has reportedly been floated for some time, said the head of the Iranian Automotive Parts Manufacturers Association.
US-Japan trade deal hits snag as Tokyo seeks assurances on car tariffs
A US-Japan trade deal hit a last-minute snag as Japanese officials sought assurances that the Trump administration will not impose national security tariffs on Japanese-built cars and auto parts, people familiar with the talks said.
Iranian automaker builds over 39,000 cars in five months
According to official figures, Iranian car manufacturer Pars Khodro produced 39,145 automobiles during March 21-August 22, 2019.
Car sales in India drop most in two decades
Passenger vehicle sales in India dropped the most in nearly two decades, with the decline extending for a ninth straight month amid a broader slowdown in Asia’s third-largest economy.
Car bomb kills 2 UN staff in Libya’s Benghazi
A car bomb explosion in the eastern Libyan city of Benghazi has left two UN staff dead and several others wounded.
Iran to set up auto parts plant abroad
Member of Association of Automotive Parts Manufacturers Hamidreza Samadi revealed the launch of some automotive parts production site in some countries during sanctions period.
At least 20 killed in two road accidents in Iran
At least 20 people were killed and 14 others injured in two separate road accidents in Iran on Tuesday.
Peugeot 301 production line launched in Iran
Iran launched the production of Peugeot 301 cars at the Iran Khodro (IKCO) plant on Monday.
Iran defense industry to aid car project abandoned by Peugeot
Iran’s defense industry is to offer expertise to save a major car project which suffered after the France-based company, PSA Peugeot Citroën, left the country under pressure of sanctions from the United States.
UK car output falls 14% in March, worse seen if no Brexit deal
British car output fell for the tenth month in a row in March, hit by a slowdown in key foreign markets, and the sector stands to suffer a lot more if the country leaves the European Union without a deal, an industry body said on Tuesday.
Renault hit by Iran withdrawal as quarterly sales drop 5%
Renault reported a decline in revenue and unit sales in the first quarter after withdrawing from Iran, weakness in some emerging markets and currency fluctuations.

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