Central Bank of Iran Boss Lashes Out at Loss-Making Carmakers

Despite the deep compulsions to work for verifiable efficiency in key economic sectors at a time when the economy is saddled with mounting pressure due to US hostility and sanctions, startling performance of the auto industry has again come under the spotlight.

Financial Tribune- As a state-affiliated sector, the loss-making auto manufacturing business has been criticized at regular intervals from many quarters for its mismanagement and inherent disfunctionality.
This time around it was the turn of the country’s top banker to attack the car companies that many auto experts say have become a liability and must be stopped.
Irresponsible auto officials, in response to criticisms, have always resorted to tired clichés and irritating intimidation of closure of factories and laying off large number of employees. Those running the broken car plants have gotten into the habit of permanently begging for funds from the government and support for the regularly rising auto prices.

Publish Date: Oct 22, 2019