Tag #Iran Khodro

What were the immediate consequences of the transfer of Iran Khodro to the private sector, and what specific legal challenges were involved?

Iran Khodro, Iran's largest automaker, was transferred to the private sector on February 6th, 2024, despite legal challenges and protests from its CEO, Ali Mardan Azimi. The transfer follows a contentious shareholder meeting marked by disruptions, including power outages and microphone cuts.