Reuters - German car and truck manufacturer Daimler (DAIGn.DE) on Tuesday said it has dropped plans to expand its Iran business in reaction to renewed U.S. sanctions, which come into effect on Tuesday. We have ceased our already restricted activities in Iran in accordance with the applicable sanctions, Daimler told Reuters in a statement. In ...

Daimler says its trucks division will start the deliveries of Mitsubishi Fuso brand in Iran later this year. The German carmaker and Irans Mammut Group signed a distribution agreement for Fusotrucks, especially in the light-duty segment, back in January as the West lifted its sanctions on the Islamic Republic. To redeem the lost ground in ...

TEHRAN (Tasnim) The managing director of Irans leading car manufacturer, Iran Khodro Company (IKCO), said the company plans to sign a contract with Germany's Daimler AG, the manufacturer of Mercedes-Benz cars, in coming months. The IKCO and Daimler AG have reached a preliminary agreement to cooperate in manufacturing of commercial vehicles ...

Iran Khodro Industrial Group, also known as IKCO and Germany�s Daimler AG started new round of cooperation in a ceremony held in Tehran on Wednesday.   By IRNA

German automaker Daimler says its truck business plans a swift return to Iran where the race among carmakers for a share of the countrys huge market is getting intense after the lifting of sanctions. Daimler said Monday it has signed letters of intent with local partners Iran Khodro Diesel and Mammut Group to arrange a "comprehensive re-entry" into ...

Daimler AG's commercial vehicles division says it is in talks with potential partners in Iran to resume production in the country as sanctions look set to be lifted. Roland Schneider, president and CEO of Daimler Commercial Vehicles in the Middle East and North Africa, said the German manufacturer intends to open a representative office in Iran ...