Tehran: Today, we are proud to announce that, with the trust of the government of the Islamic Republic of Iran and the decision of the assembly of shareholders of IKCO Industrial Group, the management of IKCO has been handed over to a consortium of non-governmental shareholders who own the majority of the company's shares for many years.

According to Islamic Republic News Agency, this transition aims to improve the quality of IKCO products, services, rebuild the production and economic infrastructure of IKCO, and ensure consumer satisfaction in the near future. To address the various challenges that have arisen from unprofessional and incompetent management over the past four decades, industry and economic experts are invited to join efforts so that Iranians can once again take pride in the automobile industry.

The employees of IKCO Industrial Group, along with a strong supply chain and a sales and after-sales network throughout the country, will support this endeavor. After thoroughly identifying the existing issues, a comprehensive plan will be publicly announced.

There is a commitment to inform the people of Iran about the complete financial report, which will include the total debts of the company to the banks and financial institutions, as well as to suppliers, along with consumer obligations.

This report will be provided within two weeks after work commences. The goal is to repair past dissatisfaction of the Iranian people and to prioritize their satisfaction in future activities of IKCO Industrial Group.