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Fiat suspends exports to Iran due to nuclear program

By SYF77 on 06 Jun 2012

Attached Image: Fiat_logo.jpg

Fiat joins Hyundai, PSA Peugeot Citroën and Porsche as automakers that no longer do business in Iran. Italy’s largest car maker has announced that it is suspending sales to Iran amidst a wave of global sanctions against the Middle Eastern country's nuclear program. Fiat commented that the suspension includes passenger cars, trucks and buses under its Iveco brand.

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Fiat officials have stated that the company will honor its orders so far, but will not be taking any new orders until the situation is clarified. Fiat’s business in Iran seemed minimal actually. They said that the business in the country is “totally immaterial in a quantitative and qualitative sense."

United Against Nuclear Iran, a U.S.-based pressure group, has led a spirited campaign calling for Fiat to exit the Iranian market. For the past year, the group had placed advertisements in New York newspapers and held protest at the New York International Auto show.

“Fiat has finally made the responsible decision to end its most egregious ties with the Iranian regime,” said Nathan Carleton, a spokesman for “United Against Nuclear Iran”, in an email. “We call on Fiat to now fully end all of its business in Iran, including the sale and manufacturing of all Fiat and Maserati vehicles.”

In November 2011, the International Atomic Energy Agency (IAEA) Board of Governors rebuked Iran following an IAEA report detailing how Iran had undertaken research and experiments geared to developing a nuclear weapons capability. Iran rejected the details of the report and accused the IAEA of pro-Western bias and threatened to reduce its cooperation with the IAEA.

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SYF77
Written by SYF77
I have been a car fanatic since 1989, when my father was changing our family car then to a Toyota Corolla 1.6 GL fitted with a Twin Cam 16 valve engine that was carburetor-fed, a big deal back in those days. The automobile technology and industry fascinates me and I hope to broadcast these interesting developments to everyone out there through this blog.



 
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