Porsche Announces Iran Market Exit
“We applaud Porsche for ending its Iran business,” said United Against Nuclear Iran (UANI) CEO, Ambassador Mark D. Wallace. “We are satisfied with the pledges Porsche has made, and UANI will now list Porsche as being withdrawn from Iran.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.”
They probably won’t even deal in the parts trade any more there, so if you live under the Iranian regime
and drive a 911, you’re pretty much screwed.
Porsche’s business in Iran was decent in size, but the increasingly high sanctions placed by the government there is making life hard for importing companies.