The first 300 “anti imperialist automobiles”, jointly produced by Venezuela and Iran were delivered this week in Caracas to recent graduates of the Venezuelan Military Academy.
The factory, located west of Caracas in Maracay, will produce some 25,000 cars per year using Iranian technology. The two countries are also making tractors and farm equipment for the Venezuelan market with the intention of eventually transferring 100% of the production to Venezuela.
Venezuelan Defense Minister Raul Isaias Baduel, together with Iranian Ambassador Abdolah Zifan, headed the ceremony at the Caracas military base Fuerte Tiuna. "This accomplishment is a tangible example of what cooperation between brother nations, like Venezuela and Iran, can achieve," said Minister Baduel.
The company Venirauto, which is 51% Iranian and 49% Venezuelan, is producing two different models. The first model, the Turpial at a price of US$7,906, is a 4-door sedan based on the old Kia Pride model. The second is the Centauro, at a price of US$11,069 and is based on the Peugeot 405 given that the French firm is the main supplier of engines and technology to the Iranian company.
Both models are exempt from Venezuela's VAT (Value-added tax), due to a government program to subsidize cars that include Venezuelan production. The goal is to eventually produce 100% of the cars in Venezuela.
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