Iran Khodro fires Managing Director
The Managing Director of Iran’s state-owned Khodro Auto Manufacturing Company was removed from his post during recent board meeting. Local reports of the development did not disclose any information regarding the reasoning behind the move, reported AFP.
However, industry sources believe that Manouchehr Gharavi was fired due to a low quality of production under his leadership in addition to failure in supplying joint venture projects with adequate output.
Iran Khodro is the biggest automobile manufacturing plant in Iran. It was established in 1962 and began assembling the Paykan model followed by the production of Mercedes Benz Bus 302 and Minibus 309 as well as Paykan Pick up.
With a market share of over 60 percent in Iran, Iran Khodro currently produces the Peugeot 206, Peugeot 405 and Peugeot Persia models. The company is also a leading maker of commercial vehicles and has contracts with Daimler Chrysler to manufacture Mercedes Benz trucks and buses, and Korean Hyundai Motors for manufacturing buses for the local market. — (menareport.com)
© 2002 Mena Report (www.menareport.com)