Automakers Line Up To Be The First to Sell Cars In Iran

Carmakers are racing for Iran following the country's breakthrough nuclear deal with Western powers - pitting past market leader PSA/Peugeot-Citroen against challengers including Volkswagen Group and Renault.

Tehran has agreed to curb its nuclear program in return for an end to sanctions, although the deal still faces hurdles including a skeptical U.S. Congress amid frantic Israeli lobbying for its rejection.

But auto manufacturers, which stand to be among the early beneficiaries, have been positioning themselves with varying degrees of discretion since late 2013, when the latest talks were launched and a limited number of sanctions suspended.

Within hours of the announcement of a final deal, PSA had outlined plans for new Iranian production to reclaim and defend the leading market position it held before sanctions were tightened four years ago.

Volkswagen said on Thursday that it is monitoring the situation and “further steps will be determined by future developments.”

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MDarringer - 7/20/2015 1:44:35 PM

+4 Boost

I wouldn't be surprised if Congress raises a middle finger on each hand up to Obama over this truly terrible deal.

Car4Life - 7/20/2015 2:13:27 PM

-2 Boost

And I wouldn't be surprised if auto maker execs and job seekers raise a middle finger up to congress and give Obama two Thumbs way Up!

Auto execs will need to hire additional personnel in the states and abroad to take on this task and of course more sales growth is inevitable

Way To Go Obama!

MDarringer - 7/20/2015 3:33:09 PM

-1 Boost

Obama will just issue his 7 billionth dictator-like executive order.

Car4Life - 7/20/2015 4:20:08 PM

+2 Boost

I know isn't the best I'm so glad Obama got some balls for the 2nd term, if a stubborn congress wants to say NO to everything you propose without a solution of their own, slap them with the BECAUSE I SAID SO and keep it moving

Way to go Obama!

Terry989 - 7/20/2015 4:20:36 PM

0 Boost

This puts him way behind dictator Bush (the idiot son), destroyer of American wealth.

USNA1999 - 7/20/2015 5:41:32 PM

0 Boost

Both OBAMA and BUSH are two damn idiots. Why don't we get rid all of these clowns in Congress and start again? We would be a better nation if we become financially responsible as nation and as an individuals. Lets take some responsibility here!
Lets stop hating and penalizing the people that do well in this country. I am tired of everyone getting offended for any silly reason and this racism stuff has gotten out of hand. I have never seen it this bad, no one can get along.

ImFarRightAndYoureWrong - 7/21/2015 1:18:42 PM

0 Boost

"I have never seen it this bad, no one can get along."

Utterly predictable as the demographics evolve.

http://tinyurl.com/pyd4avd

http://tinyurl.com/l6fwh5m

USNA1999 - 7/20/2015 5:42:47 PM

+1 Boost

And lets stop putting all DEMS and REPS in the same boat, we all have different flavors.

Terry989 - 7/20/2015 6:26:34 PM

+1 Boost

You get my vote for this solution. The trouble is how to muzzle that idiot Darringer.

ImFarRightAndYoureWrong - 7/21/2015 12:21:51 PM

+1 Boost

So everyone who disagrees with you is an idiot who should be muzzled? I feel the same way but I think it's the delusional leftists that should be muzzled.

w222 - 7/23/2015 2:20:45 PM

+1 Boost

Lets do business with Iran, let's all get in line so we can make money with people that want to kill us. I doubt businesses have allegiance to any party/country or anyone besides themselves. We only have ourselves to blame... forget politics, it's the nature of greed and capitalism. (note I'm pro capitalism but also am a critic of its shortcomings. no system is perfect)