Daimler Pushes Ahead With Talks to Return to Iran Truck Market
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Daimler AG is exploring a return to Iran with its trucks, vans and buses and may team with Iran Khodro Co., the biggest auto producer in the oil-rich country, as western companies seek to benefit from the end of economic sanctions.
Iran Khodro may sign a deal with the German maker of commercial vehicles and luxury cars as soon as three months from now, Chief Executive Officer Hashem Yeke Zare said to reporters in Tehran on Tuesday. Daimler may open an office in Iran within two to three months, the Iranian CEO said.