PARIS – Iran plans to build the next generation of its auto industry around Renault SA's project X90, the $5,000 car to be built first by its Romanian subsidiary Automobile Dacia S.A., owned 92.7% by Renault. Iran is hoping production of the car will help establish the country as the automotive center of the Islamic world, exporting cars to some 20 developing countries, with a total population of 300 million. (See related story: Renault Negotiates Iranian JV to Build X90 Car) Iran’s ...

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