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Carmakers Taken to Task for Iran Exit

In separate talks with Majlis news agency, two MPs have censured foreign carmakers for their lack of commitment and for terminating their operations in Iran in the face of US sanctions
Carmakers Taken to Task for Iran ExitCarmakers Taken to Task for Iran Exit

Iranian parliamentarians have harshly criticized foreign automotive companies over their “lack of commitment” and for terminating their operations in Iran in the face of US sanctions.
A recent announcement by Iranian car company SAIPA that Kia Motor has halted its operations in Iran brought the role of foreign firms in Iran’s auto sector in sharp focus.
On August 3, SAIPA announced that Kia Motors terminated its Iran operations due to US sanctions. This is while informed sources previously said that the South Korean company had suspended its operations in the country months ago.
SAIPA has reported on its website, “Just like French car companies, Peugeot and Citroen, and the Chinese automaker Brilliance, Kia has also cut its ties with SAIPA.”
In separate talks with Majlis news agency, ICANA, two MPs censured foreign carmakers for their “sudden” departure.

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