UANI

"Iran Khodro, the country's largest automaker, aims to quadruple to 60,000 the number of cars it assembles each year in a venture with the Venezuelan government, in a sign of deepening commercial ties between two U.S. foes. Venirauto Industrias CA is owned by the Venezuelans, Iran Khodro and Iran's second-biggest carmaker, the Saipa Group, Iran Khodro's export deputy, Yaser Seifvand, said in an interview yesterday at his company's headquarters outside Tehran. The South American plant's current annual output is 16,000 vehicles, Seifvand said." (Bloomberg, "Iran Khodoro to Make More Cars in Senegal, Venezuela," 10/11/2010)