Iranian car industry suffers as sanctions bite

17.10.2012                      01.Cheschwan. 5773                      Rosch Chodesch 2

Iran-Sanktionen:

Iranian car industry suffers as sanctions bite

Tehran’s currency crisis seriously affecting domestic automotive market, despite promises by gov't to control the economy.

As Iran’s economy continues to feel the effects of ever-toughening sanctions, the country’s conservative media continued this week to report a dramatic downturn in the Islamic Republic’s automotive industry, the country’s second most lucrative after oil and gas….