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Nuclear deal could make Iran next big car market

Iran is a huge and hugely appealing target for Western firms - it's population is nearly the size of Germany's, it is well educated and includes a substantial middle class, and there is a built-in industrial capability. Because of the sanctions that have been in place for nearly five years now over its nuclear program, however, its citizens and domestic industry haven't been able to purchase and expand, so investment opportunities are not only manifold, they are severely undervalued. Most of the auto industry has been sitting on the sidelines waiting for the Iranian game to start. A report in Automotive News says that Iran's two automakers, Iran Khodro and SAIPA - Societe Anonyme Iranienne de Production Automobile - produced one million light vehicles last year for 77.5 million people. According to Wikipedia there were 200 vehicles per 1,000 citizens in 2012, and that was before the industry took a nosedive. That number puts it between Uruguay and Jamaica. Chery, Kia, Peugeot, and Renault were the carmakers with major operations in-country before all but Chery pulled out. In the vacuum, Chery and other Chinese automakers have thrown lots of product at the market, getting 27 models in a range of segments built or supplied there, with results that are probably best described as ambivalent among observers but financially lucrative for the Chinese. Peugeot has re-established ties, and Kia, Mercedes-Benz, Peugeot, Renault, Toyota, and Volkswagen were attendees at the Iran Auto Show last November. The domestic companies say that this time they want local investment that includes technology transfer, so the Western carmakers that do decide to get in will find tougher negotiators than before. Peugeot, for instance, had a 51-49 partnership with Iran Khodro before pulling out; the new agreement is a 50-50 venture. As a 'gift' to the world for a final deal that encourages global investment, Bloomberg says that the price of crude would go down by $15 per barrel. News Source: Automotive News - sub. req.Image Credit: Atta Kenare/AFP/Getty Images Earnings/Financials Government/Legal Kia Peugeot Renault iran sanctions khodro

Kia Proceed wagon teased, could be sign of things to come for other Kias

One of our favorite cars from the Frankfurt Motor Show last year was the Kia Proceed concept (shown below). It was a rakish, sleek wagon that looked a bit like a smaller, more practically-minded Kia Stinger GT. One of the key questions, though, was whether a production version could look as good, as well as when that production version would arrive. To partially answer those questions, Kia has released a teaser image of the final product. The teaser shows us the rear of the car, and it does hint that this wagon will have a low roofline and an almost fastback rear hatch. This is evident by the small glass opening relative to the rest of the car. There are of course compromises for production. It doesn't look like the rearward side glass wraps around to the hatch glass, and the spoiler is reshaped. The taillights aren't just a single wide bar, either. Now they take a shape closer to that of the Kia Sportage or Stinger. We do like the looks of the wide haunches at the base of the glass, though. Between that and the low roof, this should be a very stylish hatch. The subtle high-mount brake light is a slick touch, too. Kia also announced that the car will be revealed in September and also be shown at the Paris Motor Show in October. We're excited to see the final product. We're less excited about the fact we probably won't get the car in the U.S. The Ceed line of cars has historically been European, and since wagons still aren't popular here, there's not much hope for this to have an American rendition. Stranger things have happened, of course. Hyundai has continued to sell the American Elantra sedan alongside the European i30 under the Elantra GT name. Kia could possibly do something similar. At the very least, there's a good chance that the Proceed's design will influence other Kia models, possibly even some of its crossovers, so that's a plus. View 5 Photos Related Video:

2019 Kia Niro EV boasts 280-mile range

Kia first hinted at an upcoming fully electric Niro compact crossover with a concept at CES, and just a few months later, it's showing the production model. Unsurprisingly, it looks pretty much exactly like the normal hybrid models on sale now, eschewing some of the show car bits such as the grille with a message screen. It does have differences, though, such as the blocked-off, body color grille, which also houses the charging ports. It also has extra faux grilles on each end of the front bumper that have LED fog lights. They're mirrored by additional faux grilles on the rear bumper. Another difference from the show model is the estimated range. Using the WLTP estimate, Kia says the Niro EV with the 64 kWh battery will go about 280 miles on a charge. The concept shown at CES with the same size battery was estimated to have a range of 238 miles. We suspect that the latter number may be closer to the range on the U.S. test cycle. This is because the Hyundai Kona Electric with the 64 kWh battery the U.S. will get was rated for 292 miles on WLTP, but only 250 on the U.S. cycle. Also like the Kona Electric, the Niro EV will be offered with two battery choices. In addition to the aforementioned 64 kWh battery, a 39.2 kWh battery will be available providing about 236 miles of range on the WLTP cycle. If the Niro EV follows in the footsteps of its Hyundai cousin, we predict the U.S. will only get the model with the higher-capacity battery. There are still some details that have yet to be revealed, such as power, torque, and what the interior looks like. It will probably make the same 201 horsepower as the CES show car, and we wouldn't be surprised if it's the same electric motor as in the Kona Electric, since the power is the same and the battery size is the same. As such, it will probably produce 291 pound-feet of torque. Also, considering how much the exterior looks like the standard Niro, the interior will likely look basically identical, but perhaps different colors and perhaps a few extra premium features, again, a la Kona Electric. We should have all the details at the car's official debut in Paris. Related Video: