Fiat suspends sales in Iran

Posted on May 27, 2012 by

announced that effective immediately its subsidiaries will no longer carry out business activity related to products or components where the ultimate destination of such products is known to be Iran, other than to the limited extent required to fulfill already existing binding obligations. United Against Nuclear Iran (UANI) CEO, Ambassador Mark D. Wallace, issued this statement on behalf of .

Sales to Iran based entities during past years by Fiat’s subsidiaries were totally immaterial in a quantitative and qualitative sense and any concerned products were sold for commercial and civilian use only.

Fiat’s subsidiaries having commercial relations with Iranian entities always conducted their businesses in compliance with all applicable laws and regulations, including those of the United Nations, the European Union and Italy.

Fiat’s subsidiary Iveco will no longer sell trucks to the Iranian regime, which has used them to transport ballistic missiles and perform gruesome public executions.

Fiat will now fully end all of its business in Iran, including the sale and manufacturing of all Fiat and Maserati vehicles. Only last month, it was reported that a Maserati showroom would soon be opening up in Tehran.

[Source: Autoblog]

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