In Case You Missed It: "Bowing to Pressure, Porsche Joins Hyundai in Ending Business with Iran"

In Case You Missed It: "Bowing to Pressure, Porsche Joins Hyundai in Ending Business with Iran"

UANI and NYC Public Advocate's Success with Porsche Featured in The New York Times,

Iran: Official Expresses Interest In Resolving Nuclear Dispute
By Rick Gladstone
The New York Times
April 17, 2012

... On Monday, United Against Nuclear Iran, a pro-sanctions group based in New York, said that Porsche AG, the German auto company, would end its business in Iran, making it the second carmaker to do so this month.

Click here to read the full article on The New York Times website.

Bowing to pressure, Porsche joins Hyundai in ending business with Iran
By Jonathan Wachtel
April 16, 2012

Porsche has become the latest international automaker to pull its business out of Iran in an apparent response to an effort by two U.S.-based advocacy groups to step up pressure on the Tehran regime, has learned.

United Against a Nuclear Iran and Iran Watch List launched their campaign in 2010 after they discovered the Iranian auto industry, the 13th-largest in the world, is dominated by members of the Iranian regime and the Islamic Revolutionary Guard Corps.

"We have to send a message to that regime that no longer can it be business as usual until they renounce their nuclear weapons program and stop sponsoring terrorism around the world," said former U.S. Ambassador to the United Nations Mark Wallace, who heads United Against a Nuclear Iran.

Wallace says the auto sector feeds the Iranian regime not only as "a massive source of revenue," but also as a means of accessing advanced foreign technologies and products. ...

"You can't have it both ways. If you want to do business in Iran, forget about doing business in the United States, forget about the American consumer, because the American consumer is not going to stand for companies propping up the Iranian regime," said New York City Public Advocate Bill de Blasio, who heads up Iran Watch List.

"The leadership in Iran is painfully aware of the fact that companies are leaving," de Blasio said, pointing out that only the elites in the Iranian government and oil industry can afford luxury cars such as Porsches.

Wallace singled out Nissan and Peugeot as companies putting up resistance to leaving Iran entirely.

"Nissan appears to be the vehicle of choice of Iranian President Mahmoud Ahmadinejad, who often rides in an armored Nissan SUV," he said. ...

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