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Renault
Industry:
Automotive
Symbol:
EPA:RNO
States:
NY
Country:
France
Sources:
"A US activist group on Wednesday urged French automaker Renault and its Japanese partner Nissan to pull their business out of Iran because of its suspected program to develop nuclear weapons. In an open letter to Carlos Ghosn, the Renault-Nissan Alliance's chief executive officer, the advocacy group United Against Nuclear Iran (UANI) said, 'Renault's business dealings in Iran directly support the Iranian regime's ability to develop its illegal nuclear weapons program, support its terrorist proxies and pursue a brutal campaign of repression against the Iranian people.' While other industry groups left Iran to avoid supporting the current regime, Renault has doubled its production in Iran from about 50,000 vehicles in 2010 to 93,578 in 2011, according to UANI." (AFP, "US activists pressure Renault-Nissan to leave Iran," 4/5/2012)
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"Nestle has been the target of protests by Islamists since the Gaza onslaught began, some Iranian websites said. It is among a small number of foreign companies which have factories in Iran, which notably also includes French automaker Renault. Others, such as South Korean group Samsung, market their products in the Islamic republic. Some, particularly in the oil and gas sector, have operated in the country for some time, such as France's Total and Anglo-Dutch Shell." (Agence France Presse, "Iran to punish firms trading with Israel," January 12, 2009)
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"GIANTS WITH A FOOT IN TEHRAN: Total, Shell, Statoil, BNP Paribas, Commerzbank, MTN, UPS, Linde, Technip, Nokia, Ericsson, Peugeot, Renault, OMV, Societe Generale, ENI, Mitsubishi, Sumitomo, Siemens, LG, Samsung, Bosch, Valeo, Nestle, Unilever, BAT, Japan Tobacco." (The London Times, "American pressure threatens UK firms," May 27, 2006)
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"Peugeot and French rival Renault have a 40 to 50 percent market share in Iran." (Agence France Presse, "Iran car maker reducing ties with French partners," January 20, 2009)
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"Renault signed a joint-venture in February with Mahindra & Mahindra to make 50,000 Logan sedans in India starting in 2007. It is building a joint-venture factory in Iran with the capacity to produce as many as 300,000 Logan models a year." (The International Herald Tribune, "Renault's 2nd thoughts on China," December 13, 2005).
Response:
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