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Venezuelan-Iranian Car Company Releases First Models Posted: Wednesday, July 11, 2007 As a product of economic agreements between Venezuela and Iran, the joint car company Venirauto released its first 300 units at an event in Caracas yesterday. The factory, located west of Caracas in Maracay, will produce some 25,000 cars per year using Iranian technology. The two countries are also making tractors and farm equipment for the Venezuelan market with the intention of eventually transferring 100 percent of the production to Venezuela. Defense Minister Raul Isaias Baduel, together with Iranian Ambassador Abdolah Zifan, handed over the first 227 vehicles to recent graduates of the Military Academy in the Caracas military base Fuerte Tiuna. These vehicles were among the first to be assembled in the Venirauto factory that was inaugurated last November. Full Article : venezuelanalysis.com |
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