(AFP hosted by Google) | February 20, 2010

TEHRAN — Iran’s state-owned car manufacturer Iran Khodro unveiled for the home market on Saturday the Peugeot 207i, a locally built version of the French automobile firm’s 207 model.

The Peugeot 207i will hit the market at the beginning of the next Iranian year which starts on March 21.

“We decided to produce the 207i for its low fuel consumption because, with the implementation of (a decision to withdraw) targeted subsidies, such cars will be in demand,” Industry and Mines Minister Ali Akbar Mehrabian told reporters.

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