IKCO Acquires Powertrain TechnologyJanuary 2010 | Corporate Financing Analysis
Iran Khodro Company (IKCO) has taken a step closer to total self-sufficiency in its vehicle production after acquiring the technology to produce its own powertrains. The company has acquired cylinder block and cylinder head machining equipment, which will enable it to produce powertrains for 680,000 vehicles by the end of the current Iranian calendar year (March 21 2010). In the next full year, IKCO aims to supply 800,000 powertrains.
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