Russian submarine successfully test-fires Bulava intercontinental missileMilitary & Defense June 26, 19:20
Rosneft and RBC reach friendly settlement on defamation lawsuitBusiness & Economy June 26, 18:50
Number of centers issuing FAN IDs to be increased ahead of FIFA Confederations Cup FinalSport June 26, 18:33
News about anti-doping probe against Russian football team players is fake — executiveSport June 26, 18:25
Putin refers to State Duma Council of Europe convention against financing terrorismRussian Politics & Diplomacy June 26, 18:15
Russia to lay down 2 diesel-electric submarines for Pacific Fleet in JulyMilitary & Defense June 26, 18:07
Russia’s Khramtsov wins first gold at 2017 World Taekwondo ChampionshipsSport June 26, 18:03
Russian Navy to get four frigates by 2020Military & Defense June 26, 17:41
Elated football fans gearing up for exciting matches at 2017 FIFA Confederations CupSport June 26, 16:55
MOSCOW, April 3. /TASS/. Russian automakers AvtoVAZ, GAZ and KAMAZ are holding negotiations on setup of Russian vehicles’ assembly in Iran, the press service of the Ministry of Economic Development said on Friday.
"Several Russian automobile companies are currently holding negotiations with the Iranian side concerning the setup of Russian vehicles’ assembly in Iran [AvtoVAZ, GAZ, and KAMAZ at the initial stage — TASS]. However, no specific agreements have yet been reached," the press service added.
"Russian companies will be challenged by major competitors represented by European and US automakers already having the track record of assembling their models in the territory of Iran if sanctions are lifted," the Ministry of Economic Development said.
The setup of Russian vehicles’ assembly facilities was discussed during the visit of the Russian Minister of Economic Development to Teheran in November 2014.
Russian automakers said earlier they intend to compensate losses from declining domestic sales on the account of export, focusing on traditional markets in CIS and emerging markets in Asia, Africa, and Latin America.