Motor-Driven and Auto Parts Manufacturers Association head, in an interview with the Islamic Republic of Iran’s state broadcaster reporter, said that the total accumulated losses of Iran Khodro and Saipa have reached about 340 trillion toman.

Mohammadreza Najfimansh stressed that this amount of debt indicates the depth of financial problems in the country’s automotive industry.

He, by referring to the review of the financial statements of the two above automakers, cited the pressure caused by debt, accumulated losses, and lack of liquidity as the most important main challenges facing the country’s automotive industry.

This industrial figure also said that the difference in the price of cars in the factory and the market is another structural challenge of the auto industry and announced that the figure of this gap is about 800 trillion toman.