Iran to Pay $816 Million to Support Local Carmakers, Times Says
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Iran’s ministry of industries, mines and commerce will pay 10 trillion rials ($816 million) to Iranian carmakers as they are going through “financial problems,” Tehran Times reported.
Iran’s two biggest automakers, Iran Khodro Co. and SAIPA, are struggling to pay debts to domestic part makers, Industries, Mines and Commerce Minister Mehdi Ghazanfari said according to the newspaper.