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    Azerbaijan and Iran will launch joint production of cars

    Construction is scheduled for two years

    Baku. 21 April. REPORT.AZ/ Azerbaijani and Iranian companies intend to cooperate in production of passenger cars and spare parts.

    Report informs, Azerbaijani company 'Azeurocar LLC' and the Iranian Iran Khodro signed a memorandum of understanding today in Baku.

    Initially the car models will be defined, which are most expedient to manufacture, and then will be developed a business plan. The project will be implemented in an industrial quarter of Neftchala. 

    Construction is scheduled for two years.

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