Iran Khodro Company, Iran’s largest automobile manufacturer continues to expand its regional and global reach.

The automaker is opening a plant in Syria in April and reading a new plant in Turkey for 2009.

IKCO, as the largest automaker in the Middle-East, is also ramping up exports as it builds a global presence outside Iran witch is one of the largest auto markets in the Middle East.

The company builds more then half a million vehicles a year and company official are aiming to boost annual production to more than a million vehicles and hike exports to more than 600,000 by 2016.

The Syrian plant has a modest annual capacity of 5,000 units.

the Turkey plant will supply markets in Russia and central Europe. IKCO has also started assembly of vehicles in Azerbaijan, Belarus, Venezuela and Argentina. The company plant to add assembly in Egypt, Vietnam and China in the next two years. The company’s main model is called Samand, a compact sedan based on the Peugeot 405 platform which costs $9,000 in Iran.

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It’s being labeled the “deodorization” process, and it involves large numbers of people in Japan’s urban centers not buying cars.

Recent surveys have revealed a variety of reasons symbols anymore in Japan.

The greatest worry is that young folks are simply not into cars, preferring cell phones, Internet, video games and animation.

Losing their buyers has begun to lose sleep.

Japanese carmakers are fighting the perception among are Japanese youth that cars aren’t cool or worth the price by expanding their marketing and sales efforts in an attempt to from emotional bonds in other ways.

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Nano car by Tata Motors of India is set to become the world’s cheapest car with an estimated price tag of $2, 5000.

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Vietnam imported 3,000 cars in April, a 50% drop off compared to March, reported the General Statistics Office.

The figure doesn’t include commercial cars and buses, only cars with 15 seats.

According to the General Statistics Office, the volume of imported cars has decreased because of the new tax rate of 70%, witch took effect on April 2, and 83%, on April 22.

“The number of imported cars will continue to fall due to the increase of tax,” said an official of the General Statistics Office.

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