The vast currency crisis engulfing the Iranian regime has led many auto spare parts producing factories throughout the country to close down. Many other such companies are on the verge of declaring bankruptcy and being forced to close their doors to the public.
“The resulting problems have led to the closure of 45 factories during the past year. If such a trend continues, the complete shut down of this industry will be very probable,” an Iranian regime official explained.
“The country’s auto parts production industry faced problems such as a very high increase in production expenses and an increase in currency rates,” he added.