"On May 11, 2017 IKCO unveiled several agreements with international automotive companies, namely Pininfarina, Mahle group, Hyundai PowerTech, Punch Powertrain and Benteler Automotive." (October 2017).
"Iran’s leading car manufacturer Iran Khodro and the German automotive parts manufacturer MAHLE GmbH signed a deal for jointly design and manufacturing of three-cylinder car engine. Under the deal, worth 5000 billion rials (one USD makes 30,958 rials) three-cylinder engines with power output of 120-160 HP (Horsepower) and fuel consumption of 4.7 litres per 100 kilometers will be manufactured jointly, the official website of Iran Khodro Almost 350,000 engines which correspond to the Euro 6 standards will be produced per year in Iran.Under the deal, the manufacturing technology and know-how will be transferred to Iran step by step.The design and manufacturing process is scheduled to be completed within 30 months." (Trend News Agency, "Iran, Germany sign deal to manufacture 3-cylinder car engine," 8/5/2016).
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