VW rejects Trump envoy's take on Iran pullout | Reuters:
Carmaker Volkswagen AG (VOWG_p.DE) rejected on Thursday a report suggesting it had decided against doing business in Iran after coming under pressure from Donald Trump’s ambassador to Germany, saying its position on the country had not changed.
U.S. sanctions against Iran, introduced by President Trump after his decision to pull the United States out of the Iran nuclear deal, have forced companies in Germany and across Europe to reconsider their investments there.
Ambassador Richard Grenell has appeared to take credit for this shift in a series of tweets and interviews over the past weeks, announcing the withdrawal of German blue chips like Siemens (SIEGn.DE), BASF (BASFn.DE) and now Volkswagen, to the surprise of the companies themselves.
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