Welcome to the North American Subaru Impreza Owners Club Friday October 21, 2016
Home Forums WikiNASIOC Products Store Modifications Upgrade Garage
Go Back   NASIOC > NASIOC General > News & Rumors > Non-Subaru News & Rumors

Welcome to NASIOC - The world's largest online community for Subaru enthusiasts!
Welcome to the NASIOC.com Subaru forum.

You are currently viewing our forum as a guest, which gives you limited access to view most discussions and access our other features. By joining our community, free of charge, you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is free, fast and simple, so please join our community today!

If you have any problems with the registration process or your account login, please contact us.
* Registered users of the site do not see these ads. 
Thread Tools Display Modes
Old 02-12-2007, 01:22 PM   #1
Scooby Guru
Member#: 5126
Join Date: Mar 2001
Location: www.nugateway.com
Default DaimlerChrysler to exit Iran

DaimlerChrysler to exit Iran


The No. 5 auto maker will divest it's Mercedes distributor, reacting to pressure to not to do business in Iran, a magazine reports.

FRANKFURT (Reuters) -- DaimlerChrysler intends to divest its majority stake in the company that is its exclusive distributor for Mercedes-Benz vehicles in Iran, Germany's WirtschaftsWoche magazine reported on its Web site.

"The group is reacting to the growing pressure that the United States is applying on companies that do business in Iran," the magazine said Monday, without giving a source for its information.

It said DaimlerChrysler would sell its 51 percent stake in marketing group Setareh in the next few weeks.

DaimlerChrysler, the world's fifth-biggest car maker thanks to the 1998 merger of Germany's Daimler-Benz with U.S. automaker Chrysler, declined comment.

Washington has been stepping up pressure on Iran, which it accuses of harboring ambitions to develop nuclear weapons. Iran insists its nuclear energy program is for peaceful purposes.

Shares of DaimlerChrysler (down $0.31 to $63.78, Charts) fell less than 1 percent in midday trading on the New York Stock Exchange. Shares of rival automakers GM (down $0.13 to $35.88, Charts), Ford (down $0.05 to $8.68, Charts), and Toyota (down $0.09 to $131.97, Charts) were little changed.
* Registered users of the site do not see these ads.
NYCshopper is offline   Reply With Quote
Sponsored Links
* Registered users of the site do not see these ads.
Old 02-12-2007, 03:25 PM   #2
Scooby Specialist
Member#: 71380
Join Date: Sep 2004
Chapter/Region: International

blubaru703 is online now   Reply With Quote
Old 02-13-2007, 12:50 AM   #3
Scooby Specialist
Member#: 88816
Join Date: Jun 2005
Chapter/Region: NWIC
Location: GET BACK


Looks like they'll have to look elsewhere for the luxury carbomb segment of the market.
CryderSpeed is offline   Reply With Quote
Old 02-13-2007, 05:07 PM   #4
Always under your radar!
Member#: 1568
Join Date: May 2000
Location: Hawtlanta!!!

BigElm is offline   Reply With Quote

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
DaimlerChrysler to reduce debt sharply NYCshopper Non-Subaru News & Rumors 0 05-18-2007 07:57 AM
DaimlerChrysler to Demonstrate First of its kind In-Vehicle Video Streaming over UWB NYCshopper Non-Subaru News & Rumors 0 01-03-2007 03:28 PM
DaimlerChrysler to buy stake in China's Foton Motor Co. NYCshopper Non-Subaru News & Rumors 0 11-30-2006 07:53 AM
Three Reasons Not to Bomb Iran—Yet YoungWilliams Political Playground 38 05-19-2006 12:07 AM
U.S. to Set Iran Nuke Deadline WRSport Political Playground 15 09-16-2003 01:04 AM

All times are GMT -4. The time now is 05:12 PM.

Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2016, Jelsoft Enterprises Ltd.
Powered by Searchlight © 2016 Axivo Inc.
Copyright ©1999 - 2016, North American Subaru Impreza Owners Club, Inc.