Iran cuts car production
Iran's car production was 359,670 units during the first half of
2013, which indicates a fall by 38.5 percent compared to the same
period of the last year, Organisation Internationale des
Constructeurs d'Automobiles(OICA) reported.
Iran ranked the 21th in the world in terms of car production during
the period.
The country produced some 310,600 cars and 49,070 commercial
vehicles during the first six months of 2013.
Iran produced some 1,013,561 cars including 141,564 commercial
vehicles in 2012 and stood at the 16th place among the world's car
producers.
Iran's automobile output faced a 40 percent decrease in 2012. The
country was Asia's fifth largest car manufacturer in 2011, with a
total output of 1,649,311.
Increasing prices of raw materials and foreign currencies are the
main problems the car manufacturers are facing.
Earlier in July, the U.S. imposed a new round of sanctions against
anyone involved in Iran's auto industry and anyone caught using
Iran's currency, the rial, for 'significant transactions'.
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