Filed under: Government/Legal, Middle East, Fiat
Fiat, Italy's largest automaker and the company in control of Chrysler, has announced that it is suspending sales to Iran amidst a wave of global sanctions against the Middle Eastern country's nuclear efforts. The automaker says this includes passenger cars, trucks and buses under its Iveco brand.
The automaker said it will honor a limited number of binding contracts but would stop exporting any cars or parts to Iran immediately. Fiat also said that its business in Iran was "totally immaterial in a quantitative and qualitative sense." In other words, the move won't have any real impact on the company's bottom line, apparently.
Fiat joins Hyundai, PSA Peugeot Citroën and Porsche as automakers no longer doing business in Iran. No American automakers sell vehicles in Iran. Read the complete statement from Fiat below, along with a response from United Against Nuclear Iran.
Continue reading Fiat suspends sales to Iran, cites diplomacy issues
Fiat suspends sales to Iran, cites diplomacy issues originally appeared on Autoblog on Fri, 25 May 2012 19:20:00 EST. Please see our terms for use of feeds.
Permalink | Email this | Comments
No comments:
Post a Comment