Iran Khodro to design D8 joint car

Iran Khodro Co. (IKCO) has announced that the Group of Eight Developing Countries (D8) has chosen the company to design the platform for their joint car.

The D8 industry ministers attended a summit in Istanbul from October 4-6, 2011 and appointed IKCO to design the D8 joint car with the cooperation of Turkey and Indonesia, read a statement released by IKCO on Sunday.

D8 members include Iran, Turkey, Malaysia, Pakistan, Nigeria, Egypt, Bangladesh and Indonesia.

D8 members also agreed to promote research and development activities in the fields of Compressed Natural Gas (CNG) technology, hybrid technology, plug-in cars, new materials and nano-technology.

“Improving the quality, level of technology and also the capacity if supply chain was another issue settled by the D8 vehicle working group,” the statement continued.

IKCO was founded in 1962 and is currently regarded as the biggest automaker in the Middle East.

The company won an award from Tehran’s Third International Nanotechnology Festival in 2010, as the leading company in nano-related auto industry.