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July 17
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Azerbaijan and Iran launch a joint venture to produce cars on the eve of President Hassan Rouhani’s visit to Baku, Trend agency reported quoting a source.

Iranian Minister of Industry, Mines and Trade Mohammad Reza Nematzadeh will attend a groundbreaking ceremony for the construction of the car factory in Azerbaijan’s Neftchala District on Saturday, an informed source told Trend.

Iran Khodro, the giant Iranian automaker, is setting up the venture with Azerbaijan’s Azeurocar to jointly produce four Iranian car brands of Dena, Rana, Soren and Samand.

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