The representative of Japan's Isuzu Motors announced the expansion of its activities in Iran. The representative of Isuzu in the unveiling ceremony of Truck FVZ 26 tons said, “Iranian market is important for Isuzu Motors and because of this, the company wants to expand its activities in Iran”. (February 2018)
Japan's iconic ISUZU brand has launched its latest vehicle in the Iranian market costing 1.18 billion rials ($33,700). (Financial Tribune, "ISUZU Pickup Launched," 5/29/2016).
In February 2016, Isuzu said that it was “considering expanding business in Iran following the recent removal of the Japanese government’s economic sanctions on Tehran.” (Bernama, “Japan’s Isuzu mulling biz expansion in Iran,” 2/10/2016).
Isuzu is listed as a participating company at the 14th International Exhibition of Transportation & Urban Services & Related Industries which takes place October 27-30th, 2016 in Tehran Iran. (Participating International Companies)
"Isuzu uses the Bahman Group as its distributor in Iran, according to Isuzu's Web site. The Sepah Cooperative Foundation, a large investment fund closely linked to the Iranian Revolutionary Guard Corps (IRGC), owns a 45 percent share of the Bahman Group, according to Iranian newspaper reports. (Among the links between the Sepah Cooperative Foundation and the IRGC: the general manager of the the Sepah Cooperative until this fall was IRGC commander Ahmad Vahid-Dastjerdi. Another former notable head of the Sepah Cooperative Foundation was Mohsen Rafiqdoost, who helped found the IRGC. The Sepah Cooperative Foundation's stake in the Bahman Group has also been reported by Rand Corporation, in a 2009 report prepared for the Office of the Secretary of Defense, as well as the think tanks the Washington Institute, and the Council on Foreign Relations reports.) Isuzu spokesman Kouichi Itou said in a statement that the company was not aware of those links and believed that a 'Retirement Insurance Organization' was a 45 percent shareholder in Bahman."
From 2000 through March 2010, Isuzu has been the recipient of $1.9 million in U.S. federal funds. (The New York Times, "Profiting from Iran, and the U.S.", 3/6/10)
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