Mexican Media Brands
Renault May Offer Kwid Crossover in Iran
Renault SA tells Reuters the carmaker's new India-made Kwid small crossover vehicle would be a "good match" for the Iranian market, now that economic sanctions against the country are being lifted.
#economics
Share
Renault SA tells Reuters the carmaker's new India-made Kwid small crossover vehicle would be a "good match" for the Iranian market, now that economic sanctions against the country are being lifted.
Gerard Detourbet, the Renault-Nissan alliance vice president who helped develop the Kwid's low-cost design, says local partners in Iran have already expressed interest in the car. Renault debuted the model in India in May.
The Kwid rides on Renault's CMF-A minicar platform. Reuters notes the company aims to eventually sell more than 1 million vehicles per year that share the Kwid's architecture. Detourbet says a decision on an Iranian partner is a few months away.
RELATED CONTENT
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.