After the government announced constant exchange rates for the foreign currencies, still the part manufacturers are having difficulty with it and they are buying their raw materials 30 percent higher than the current exchange rate.
A new approach for U.S. domination.
Director General of Automobile and Automotive Industries Department announced a plan about renovating 400 auto part manufacturer all over the country.
This week, the Iranian politicians announced their support for part manufacturing industry. The support that the industry needs in order to create better conditions such as lowering exchange rates and banking transactions.
Word out of Varese is that MV Agusta has issued a recall for certain 2017 Brutale 800 Dragster RR models to deal with rear wheel spokes that may loosen and increase the risk of a crash.
The upgrades are already available for customer orders.
According to the latest information, 400 million dollars of auto parts are imported to the country and this is while the government insist on the support of domestic production. This looks like a great conflict.
Economic Stability is one of the key factors for developing the economic activities and due to an increase in the exchange rate in recent days, it seems that the Industrialists, especially the part makers will experience different days in the future.
Last month, Turkey’s export of automobile parts to Iran grew by 17 percent and that made Iran to joined the countries like Germany, Italy, France, Russia.
Takata Corp's bankrupt U.S. business will ask a federal judge on Wednesday to suspend lawsuits against automakers that have been brought by people injured by its faulty air bag inflators, something that opponents say is an abuse of the law.