VIENNA – Iranian assembler Pars Industrial Development Foundation Co. and China’s Changan Auto Co. Ltd. sign an agreement for the production of the Changan Benni small car. The contract calls for the start of complete-knocked-down assembly of the Benni beginning in first-half 2009. The production facility, located in Soveh, Iran, some 68 miles (110 km) from Tehran, is expected to have initial annual capacity for 50,000 units, ultimately rising to 250,000. Benni is the export model ...

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