New firm to sell Mitsubishi cars in Iraq

Newswire

MANAMA, Jan 17 (Reuters) - Iraqi and Bahraini investors have set up a company with a capital of $8 million to sell Mitsubishi Motors Corp cars in Iraq, the investing firms said on Saturday. Bahrain's Zayani Motors -- which represents Mitsubishi Motors in Bahrain -- and Iraqi-owned Al Dhahir Group said their new Al Rasheed Holding Company, a car dealership, would launch its operation in Baghdad in April and later expand to the cities of Basra and Mosul. "We understand the security risks, ...

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