Otokar

Turkish commercial vehicle maker Otokar said on Monday it had signed a technology and licence deal with Iran's OGHAB concerning the export and sale of its Navigo buses. In a statement to the Istanbul stock exchange, Otokar said the deal covered a three-year period with an option to extend by two years and said the deal could generate revenues of around 50 million lira ($14 million) annually. (Reuters, "Turkey's Otokar says signs license deal with Iran's OGHAB for exports," 12/12/2016) (http://www.reuters.com/article/turkey-iran-autos-idUSI7N1E401H)