22 Nov 2024
Tuesday 14 January 2020 - 16:34
Story Code : 368085

SAIPA en route to phasing out Pride

Financial Tribune - Pride model 132 will no longer be produced by the company and the production of other Pride models, namely 111, 131, 141 and 151 will be gradually phased out, SAIPA CEO says

The long-running debate over halting the production of Pride, a poor-quality small city car produced by Iranian automaker SAIPA, has reportedly been concluded with a clear and close deadline.

According to Seyyed Javad Soleimani, SAIPAs CEO, the company stopped manufacturing one of five Pride models on Thursday, ISNA reported.

Pride model 132 will no longer be produced by the company. The production of other Pride models, namely 111, 131, 141 and 151 will be gradually phased out, he said.

The move is based on a multilateral agreement reached by the domestic carmaker, the Industries Ministry and Iran Traffic Police.
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