Thursday 16 July 2015

Volkswagen Explores Return to Iran After Sanctions Lift - Bloomberg Business

Volkswagen Explores Return to Iran After Sanctions Lift - Bloomberg Business:



"Volkswagen AG and Daimler AG are exploring a return to Iran after the Islamic Republic’s nuclear accord with the West pointed to an easing of economic sanctions that restricted carmakers’ business in the country.



“We’re monitoring the current development and are leading first talks on a political level,” Wolfsburg, Germany-based Volkswagen said in an e-mailed response to questions. “There are no decisions or resolutions yet though. Possible further steps will be determined by future developments.” Daimler is currently doing some individual business transactions in the country, the Stuttgart, Germany-based maker of Mercedes-Benz cars said in an e-mail.



BMW AG said it’s “monitoring the situation” in Iran and that it may enter the market in the “longer term.”"



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