Repirting "Asre Khodro", German Continental is a well known automotive parts manufacturer and the third biggest in the industry.
Crouse and Continental have experienced years of cooperation for manufacturing engine part. Now in line of Crouse development plans and the appropriate conditions made by nuclear deal between Iran and 5+1 countries, they agreed on a joint venture investment for manufacturing ECU and ETC, asrekhodro reported.
The amount of investment is more than 18 million euros in which the share of Crouse and Continental is 55 percent and 45 percent respectively, the report added.