Malaysia's Perusahaan Otomobil Nasional Bhd (Proton) forms a strategic alliance with Automotive Industry Development Co. of Iran (Aidco) to develop a range of vehicles and engines for the Iranian and world market. Aidco, a division of Industrial Development and Renovation Organization, owns auto makers Iran Khodro Co. and Saipa Khodro Co., which have 90% of Iran's car market. Proton will supply Malaysian-designed and built vehicle platforms under the 15-year agreement, which will give ...
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