Iran's Largest Automaker, South Korea's Hyundai Powertech Ink New Contract
TEHRAN (FNA)- Iran Khodro Automaker and South Korea's Hyundai Powertech signed a deal to design, develop, manufacture and supply 400,000 new automatic gearboxes per year.
The joint contract was signed between IKCO CEO Hashem Yekeh Zareh and Vice-Chairman and Chief Executive Officer of Hyundai Powertech Company Hae-Jin Kim in Tehran on Wednesday.
The new six-speed gearboxes are expected to be mounted on modern platforms designed and developed by the Iranian multinational automaker headquartered in Tehran.
It is worth noting that Hyundai Powertech, as the first automatic transmission manufacturer in Korea, produces 3.7 million gearboxes annually.
source : farsnews