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Volkswagen

Volkswagen

Industry: 
Automotive
Value of USG Contracts: 
2
Symbol: 
FWB:VOW
States: 
VA
Country: 
Germany
Sources: 

"VW is reportedly in 'early deliberations' to introduce its budget Skoda and Seat marques to Iran." (PressTV, "Race Tightens for Iran’s Auto Market," 7/17/15)

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"Volkswagen and Daimler are exploring a return to Iran after the Islamic Republic’s nuclear accord with the West pointed to an easing of economic sanctions that restricted car makers’ business there. 'We’re monitoring the current development and are leading first talks on a political level,' Volkswagen, based in Wolfsburg, Germany, said in response to questions. 'There are no decisions or resolutions yet, though. Possible further steps will be determined by future developments.'" (Business Day, "European Car Giants Licking Lips over Iran," 7/17/15)

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"As talks about a deal with Iran approach a Tuesday deadline, a senior German official said: "It's like a regatta. Everyone is trying to put themselves in the best position to be first when the starting gun sounds...The German official mentioned Volkswagen and Daimler as among those jostling for position.  Volkswagen said it had not restarted any business activities in Iran and Daimler said it was closely monitoring the situation although any transactions or re-entry into Iran would depend on the outcome of the nuclear talks.  But a person familiar with the situation at VW, Europe's biggest carmaker, said: 'Of course there are talks,' adding that the same applied to all potential suppliers. 'It's done rather behind the scenes to see what levers one will need to pull.'" (Reuters, "German Exporters Eye Lucrative Deals in Post-Sanctions Iran," 7/5/15)

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"[T]he auto sanctions were lifted earlier this year after an interim nuclear agreement was reached between Iran and world powers and a final accord is still on the horizon, raising the prospect of better times for the industry. That will draw international suitors to Tehran on Monday for the second consecutive Iran Auto Show. Mercedes Benz, Volkswagen, Renault, Peugeot, Kia and Toyota have confirmed [they will attend]...'The day the nuclear deal is signed... business will pick up,' said a foreign auto expert who claims a preliminary agreement with Volkswagen's Skoda has already been made." (Agence France-Presse, "Foreign automakers find Iranian market has gone local," 11/30/14)

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"Last week, Qorbani announced that Benz, Volkswagen, Volvo, Fiat, Rover, Skoda, Renault, Peugeot, Kia and Toyota would take part in the Iranian auto expo, adding that the US car-manufacturers would also join the event. 'In case of desirable conditions, General Motors and Ford companies will also attend the event.' He continued that some leading car parts makers, including Siemens, FORD Mendo, Busch, FRW and ACI would attend the gathering. The event will start work on December 10." (Fars News, "55 Giant Int'l Carmakers, Part-Makers to Participate in Iranian Auto Expo," 11/2/14)

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Lamborghini is owned by Volkswagen. 

"So far Fiat, which owns Maserati, and Volkswagen Group, which owns Lamborghini, have not responded to The Algemeiner’s request for comment." (The Algemeiner, "Activists Call on Maserati and Lamborghini to End Business in Iran," 10/23/2012) 

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Suzuki is an affiliate of Volkswagen

Suzuki's Iranian partner Iran Khodro produced 4,393 Suzuki Grand Vitara vehicles during the Persian year ending March 19, 2012.  (Best Selling Cars, "Iran March 2012: Last good showing for Peugeot," 4/18/12)

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MAN SE is a subsidiary of Volkswagen

MAN SE lists six Iranian dealers for its commerical vehicles. (MAN Website, "MAN Dealership Search: Iran")

"German truck makers such as MAN SE and Daimler have been recalcitrant about ending their lucrative trade relationship with Iran. Dominique Nadelhofer, a MAN spokesman, told the Post his firm had dealt with its Nazi history and so met its responsibility toward Israel's security." (Jerusalem Post, "Berlin bans sale of trucks to Syria, Iran," 6/23/09)

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Audi is a wholly-owned subsidiary of Volkswagen

"Two European makers of luxury cars, Sweden's Volvo and Audi AG from Germany are reportedly to launch production lines in Iran by the next year.  As Khabar Online correspondent reports, the representatives of the two companies are currently in Tehran negotiating with a team of directorsof Iranian automaker companies and Iranian government representatives to reach an agreement on initiating production lines." (Khabaronline, "Volvo, Audi to launch production lines in Iran," 2010)

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Scania is a subsidiary of Volkswagen 

"Scania is a well know brand within Iran for more than 40 years...Scania works closely together with their two Iranian distributors, Oghab Afshan our distibutor for Scania bus chassis and industrial engines and Mammut Diesel our distributor for Scania trucks." (Scania: Iran)

The Scania global website lists a total of 34 dealers in Iran. (Scania Website, "Locate a Dealer:Iran")

 

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"Several renowned German companies are involved in major Iranian infrastructure projects, especially in the petrochemical sector, like Linde, BASF, Lurgi, Krupp, Siemens, ZF Friedrichshafen, Mercedes, Volkswagen and MAN." (Payvand Iran News, Iranian Exports to Germany rose 50% last year, 1/9/08)

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"Assembly plants manufacturing Peugeot, Citroen and Volkswagen (VW) models from imported completely knocked down (CKD) kits are also experiencing a sharp drop in production volumes. As a result of the sanctions covering dual-use technologies and the failure to provide letters of credit due to US pressure on European banks, Iranian carmakers are struggling to import parts from Europe." (Report Buyer, Iran Autos Report Q3 2008, July 2008)

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The Wolfsburg-based carmaker, Volkswagen is implementing plans to develop business on the market in Iran. A production plant is due to be set up by the end of this year in the Special Economic Zone Arg-e-Jadid near the city of Bam, which will assemble over 20 000 vehicles per year. (World Car Fans, Volkswagen taps into Iranian Market, 7/5/04)

Response: 

No response at this time.

Volkswagen subsidiaries and affiliates continue to maintain extensive business in Iran, including Lamborghini, MAN SE, Scania and Suzuki.