Pod Save America Hosts Call on Democrats to Cut All Israel Military Aid, No Longer Accept AIPAC Funding
Jews, Israelis Targeted in Austria Amid Surge in Antisemitic Incidents; Local Jewish Community Calls for Action
‘All of Our Strength’: Over 1,000 Pro-Israel Activists Gather in DC for Solidarity Conference
‘Devastated’: Wesley LePatner, Killed in Manhattan Mass Shooting, Was a Jewish Communal, Philanthropic Leader
Sen. Angus King Vows to No Longer Vote for Israel Military Aid Until Gaza Conditions Improve
Europe Won’t Pressure Israel to ‘Commit Suicide’ Amid Gaza Backlash, Palestinian State Push, Says Israeli FM
Israel’s National Soccer Coach Attacked in Athens Before Soccer Fans Chant ‘F–K Israel, Free Palestine’ at Match
New York Judge Sentences Neo-Nazi to 5 Years for Livestreaming Bomb Threats Against Jewish Hospitals
US Pressures Lebanon to Issue Cabinet Decision to Disarm Hezbollah Before Talks Continue
UK Plans to Recognize Palestinian State in September Unless Israel Meets Conditions, Starmer Says
Daimler Abandons Iran Expansion Plans as Sanctions Bite
Error: Contact form not found.
by Reuters and Algemeiner Staff
The Mercedes-Benz logo is seen before the company’s annual news conference in Stuttgart, Germany, Feb. 4, 2016. Photo: Reuters /Michaela Rehle / File.
German car and truck manufacturer Daimler on Tuesday said it has dropped plans to expand its Iran business in reaction to renewed US sanctions, which come into effect on Tuesday.
“We have ceased our already restricted activities in Iran in accordance with the applicable sanctions”, Daimler told Reuters in a statement.
In early 2016, Daimler established a joint venture with Iranian vehicle manufacturer and dealer Iran Khodro Co to make and distribute Mercedes-Benz trucks in the country.
Daimler had planned to open a representative office in Teheran. It the statement, Daimler states that as for now, neither its car-related nor truck-related activities in Iran had been resumed.
Daimler said it continues to monitor political developments carefully.
German daily Stuttgarter Zeitung was first to report Daimler’s retreat from Iran earlier on Tuesday.
