Fiat suspends business in Iran to support anti-nuclear effort
Fiat SpA announced that they were suspending all activities related to business in Iran, including their vehicles and components. The official reason for suspending business in Iran was to “support the international efforts for a diplomatic solution of the issues relating to the relations with Iran”. For those unaware, Iran is openly working with nuclear weapon technology but two groups – the United Against Nuclear Iran (UANI) group and New York City Public Advocate Bill De Blasio – have been working to suffocate the middle eastern nation’s auto industry in an effort to force Iran to end their nuclear program.
Hyundai was the first major automaker to pull out of Iran and Porsche was next, with the luxury automaker leaving Iran in April but as one of the biggest automakers in the world – it is a major announcement for Fiat SpA to support the anti-nuclear cause. Fiat is quick to point out that their operations in Iran were “totally immaterial in a quantitative and qualitative sense” or, in other words, this move will not have any real negative impact on the company. However, having such a massive company step up and support UANI could encourage others to do the same. Fiat also goes on to point out that their operations in Iran were strictly based in the commercial and civilian, presumably implying that they did not do business with the Iranian government who is now behind the controversial nuclear program. Click here for a look at the announcement of Porsche leaving Iran.