IRAN
Car Kits Deal Hits Snags
The long-standing arrangement between Talbot Motors of the UK and Iran Khodro for the export of car kits for assembly in Iran has again run into difficulties. Last April, after a seven-week layoff of Talbot workers in England caused by difficulty in obtaining letters of credit, an agreement was reached under which deliveries of the kits by Talbot would be financed with sales of Iranian crude to Krupp Oil of West Germany (MEES, 8 April). However,...
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