Fiat Slams Brake On Sales To Iran

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Fiat Slams Brake On Sales To Iran

Wall Street Journal - May 25, 2012
Italian automaker Fiat SpA and its sister company Fiat Industrial SpA said Friday they would stop doing business in Iran in line with a trade embargo imposed by the West./ The newly produced Fiat 500L is displayed during an opening ceremony at the Fiat SpA car plant in Kragujevac, Serbia, on April 16, 2012./ “Fiat announces 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 ...

Bowing to pressure, Fiat halts sales to Iran

Fox News - May 25, 2012
After facing an onslaught of criticism that even involved Jennifer Lopez, Fiat has announced that it is halting sales to Iran. The Italian automaker, which controls Chrysler, said in a statement on Friday that it "supports international efforts for a diplomatic solution" regarding Iran. The international community in the last year has been increasing diplomatic and economic pressure on Iran to back down on its nuclear program. Singer Lopez had been repeatedly asked by United Against Nuclear Iran to renounce her relationship with Fiat after ...

Fiat And Fiat Industrial Suspend Sales To Iran

Wall Street Journal - May 25, 2012
-Italy's Fiat SpA (F.MI) and its sister company Fiat Industrial SpA (FI.MI) said Friday they would respect the trade embargo imposed on Iran by the West and stop doing business in the country. "Fiat announces that effective immediately its subsidiaries will no longer ...

Italian automaker Fiat halts sales to Iran

Yahoo! News - May 25, 2012
SpA, which controls Chrysler, said Friday that it and subsidiaries will immediately halt sales to , following similar moves by other carmakers under pressure to cut ties to Tehran over its disputed has been toughening sanctions on the Islamic Republic — including on its main cash cow, oil — because of fears that it plans to build nuclear weapons. Iran says its nuclear program is peaceful. has been under pressure from the anti-nuclear lobby group says that the global auto industry is the second-largest source of foreign currency for the ...

Italian automaker Fiat and truck-making Fiat Industrial halt sales to Iran

Washington Post - May 25, 2012
MILAN — The Italian automaker Fiat, which controls Chrysler, says it is halting sales to Iran. Fiat said in a statement Friday that it “supports international efforts for a diplomatic solution” regarding Iran. The international community in the last year has been increasing diplomatic and economic pressure on Iran to back down on its nuclear program./ Fiat said its sales to Iran were “totally immaterial” in terms of numbers, and concerned only commercial and civilian products. Fiat Industrial heavy truck, agricultural and construction ...

Fiat suspends commercial relations with Iran

Reuters - May 25, 2012
Fiat, the Italian automaker controlling U.S. group Chrysler, said on Friday it had suspended its commercial relations with Iran in a move aimed at supporting international diplomatic efforts. "Effective immediately the 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," Fiat said in a statement. Separately, truck maker Fiat Industrial, which like Fiat is controlled by Italy's Agnelli family, also said it had suspended its commercial ...

CNH Global suspends sales to Iran

Reuters - May 25, 2012
Farm and construction equipment maker CNH Global NV on Friday said it has suspended sales to Iran, other than those required to fulfill binding contracts, in a move to support international diplomatic efforts. CNH said its subsidiaries will no longer carry out business related to products or components where Iran is the end destination. These sales have been "totally immaterial in a quantitative and qualitative sense" and made for commercial and civilian use only, the company said in a statement. CNH is majority-owned by Fiat Industrial SpA ...

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