The boss of SAIPA, Iran’s second biggest car maker, claims that they’ve been contacted by some ‘ big automakers ‘ from America and invited to participate in joint projects, according to an Iranian news agency. He wouldn’t say which fields the joint projects are supposed to cover. Mehrdad Bazrpash adds that the economic downturn caused even some European car makers to consider selling shares to SAIPA.

You might have never heard of SAIPA, but they are almost as big as their sister company, IKCO which is the largest in middle east. And like IKCO, their profits are always on the rise. Most of the products of both companies are copies of old European models, but because they have a monopoly over the market, there is always demand and they always have a healthy financial condition. But American car makers calling for help from SAIPA? We know that Americans are in bad shape, but not that bad to need help from an unknown company in the middle east. I don’t think it’s true, if you know more please let us know.

From Press TV:

The managing director of Iranian carmaker SAIPA has said that ‘big automakers’ in the US have invited his company to participate in joint projects.

Mehrdad Bazrpash also noted that the global economic downturn has prompted some of the European automakers to consider selling shares to SAIPA.

He said that some of the European automakers that are now interested in cooperating with SAIPA did not show any such inclination in the past, ISNA reported.

SAIPA, which was established in 1966, has implemented joint projects with Citroen and Renault of France, Nissan of Japan, and Kia Motors of South Korea.

The US auto making sector has been badly hit by the global economic crisis.