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 ۵+۱ countries, they agreed on a joint venture investment for manufacturing ECU and ETC, asrekhodro reported.
The amount of investment is more than ۱۸ million euros in which the share of Crouse and Continental is ۵۵ percent and ۴۵ percent respectively, the report added.
Crouse, Continental sign JV Contract
World Great auto part manufacturer to Invest in Iran
Asre Khodro - After years of cooperation in manufacturing automotive parts, Iran's Crouse and Germany's Continental signed a joint venture contract to expand activities in Iran's market.
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