Iraq's state-owned General Company for Car Manufacturing has announced its intention to sign a contract with the South Korean Hyundai Company to construct a complete car manufacturing line within 3 years, reports Aswat al-Iraq.
The Iraqi company has already built up special car assembly and manufacturing lines in its efforts to expand the stages of manufacturing until it becomes capable of manufacturing and producing an Iraqi car.
The Company has finalised contracts with several investors and international automobile companies to improve production and profitability, and to supply the Iraqi market with new and affordable vehicles.
For the production of trucks, the company has deals with Mercedes, Renault, Scania and Volvo, while Iranian and Chinese companies are involved in the production of saloon cars. The Company is currently negotiating with Proton, Kia and Hyundai, according to Director-General Adnan Ahmed Zein.
(Source: Aswat al-Iraq)