Italy’s Pininfarina, Iran Khodro Ink ATP Deal

TEHRAN (Tasnim) – Famous Italian car design firm Pininfarina signed a contract with Iranian automobile manufacturer Iran Khodro to provide the latter with an agile technology reference platform.

Italy’s Pininfarina, Iran Khodro Ink ATP Deal

According to the report by Reuters on Tuesday, the agreement, worth nearly €70 million, focuses on the development of automotive technology platform (ATP).

The contract will last for 36 months, the report added.

Iran has the Middle East’s largest auto market with a population of 80 million. The automobile industry is seen as Iran’s biggest non-oil sector, accounting for nearly 10 percent of the gross domestic product (GDP).

Iranian manufacturers produced 1.6 million automobiles in 2011, about half of them by Iran Khodro.

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