Iran’s Top Automaker Looks To Secure Russian Investments

Iran's leading automaker is seeking to grab a share of the Russian market after Western producers halted output or exited the market following sanctions. Iran Khodro CEO Mehdi Khatibi made the announcement on August 14 as he unveiled the company's latest model -- the crossover Rira. "We are going to pay special attention to the Russian market, and we are also thinking of partnering with Russian investors," he said. "The Russian market, with its capacities, will be one of our important markets," Khatibi added. Iran Khodro will begin exporting to…