In a bid to remove older, environmentally harmful cars from the streets of Tehran, automaker Iran-Khodro (formerly Iran National) announced that it will buy Peykan sedans that are over 20 years old from their owners at favorable prices. The announcement, made at the start of the international auto expo in Tehran, said the company will have the capability to retire at least 70,000 old Peykans by March 20, 2005, the end of the current fiscal year. There are 2.4 million over-10-year-old cars operating in the country. Government plans call for gradually renovating the nation’s auto fleet with the help of manufacturers.
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