Porsche, Hyundai Ends Business Relations With Iran
Porsche officially ended its business relationships with Iran. The official announcement was made by the United Against Nuclear Iran (UANI) joined New York City Public Advocate Bill de Blasio. Porsche made its stand clear by stating that the company has no intention to conduct business in Iran in the near future. Following the news that Porsche is ending its business, Hyundai announced that they will also stop selling cars in Iran. Despite strict restrictions in place, most companies are still doing business in Iran, which includes Fiat, Isuzu, Kia, Mazda, Mitsubishi, Nissan, Peugeot, Renault, Suzuki, Toyota and Volvo. Reportedly, all these automakers will soon stop their business in Iran.
Mark D. Wallace, UANI CEO said that they welcomes the decision took by Porsche. “We are satisfied with the pledges Porsche has made, and UANI will now list Porsche as being withdrawn from Iran. Porsche joins fellow automakers Hyundai and Karsan in having taken the responsible action of pulling out of Iran. Other automakers–including Fiat, Isuzu, Kia, Mazda, Mitsubishi, Nissan, Peugeot, Renault, Suzuki, Toyota and Volvo–must now follow suit, and end all business with the brutal Iranian regime,” he added.