Iranian public sector auto giant Iran Khodro Diesel (IKD) signed a deal with DaimlerChrysler for limited numbers of luxury Mercedes-Benz cars to be assembled in the Islamic republic.
The official news agency IRNA reported that under the deal, IKD will set up a company called Top Khodro to assemble the cars under the supervision of Mercedes-Benz, a division of the German-US auto giant.
Mercedes Benz 200, 250 and 350-E models will begin rolling off the production line later in 2005, with initial annual production limited to 2,500 units but eventually expanding to 5,000...
