Najmeddin then pointed out that two of these eight new cars would be designed and manufactured on totally new platforms, one of which would belong to A or B segment and would cost 8000 to 10000 dollars.
"The Design and production of an eight thousand dollar passenger car that meets all modern standards is a difficult and complicated process," IKCO CEO said and added, "when we talk of a low-cost car, we still consider a quality car that observes all required standards."
Paykan was one of IKCO's most popular sedans that was phased out in 2006.
