 The Matiz had been assembled by Kerman Khodro since the year 2000 in a joint venture with the South Korean Daewoo Company.However the crisis at Daewoo Motor in South Korea resulted in a take-over by the American General Motors corporation which then stopped supplying CKD kits to the Iranian company due to U.S. sanctions against the government of Iran for claims about the Iranian state sponsoring terrorism and Iranian violations of United Nations protocols for nuclear inspections.It is offered with two engine options, a 3-cylinder 0.8 liter and a 4-cylinder 1.1 liter.