UANI Statement on Peugeot's Business in Iran

May 3, 2012

FOR IMMEDIATE RELEASE
May 3, 2012
Contact: Nathan Carleton,[email protected]
Phone: (212) 554-3296

UANI Statement on Peugeot's Business in Iran

New York, NY - United Against Nuclear Iran (UANI) CEO, Ambassador Mark D. Wallace, issued the following statement Thursday regarding Peugeot's announcement that it has temporarily suspended shipments to Iran:

Peugeot must end its operations in Iran, fully and completely.

Peugeot's work in Iran is particularly troubling for Peugeot's U.S. partner and shareholder, GM, in light of the taxpayer-funded $50 billion bailout of GM and the U.S. Treasury Department's current 32% stake in it. GM's previous statements to the media regarding Peugeot have proven to be inaccurate: Peugeot has not ended its business in Iran, and in fact is still producing tens of thousands of vehicles there each month in partnership with Iran's Islamic Revolutionary Guard Corps.

According to industry data, in the last Persian year ending March 19, 2012, 468,799 Peugeot vehicles were produced in Iran-38,286 of those in the final month alone. On April 15, a report out of the Middle East read "Iran's largest carmaker Iran Khodro Company branch in Fars is scheduled to produce 15 thousand Peugeot Pars sedans." Another, on April 19, said that Peugeot's Iranian partner "has not yet received any official announcement from Peugeot indicating a halt in their mutual cooperation."

In previous letters to Peugeot and its new U.S. partner GM, UANI explained its concerns with Peugeot's longstanding and lucrative partnership with entities connected to Iran's Islamic Revolutionary Guard Corps, and Peugeot's status as the leading foreign auto brand produced and sold in Iran. UANI also raised the issue of whether Peugeot and GM's new partnership violates U.S. sanctions law.

Click here to read the full text of UANI's April 10 letter to Peugeot.
Click here to read UANI's March 9 letter to Peugeot.
Click here to read UANI's March 9 letter to GM.
Click here to send a message to Peugeot and GM.

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