Mexican Media Brands
SEAT Drops Plans to Enter Iranian Car Market
Volkswagen AG’s SEAT unit tells Reuters it has decided against pursuing the Iranian market for now and will focus instead on established operations in Europe, northern Africa and Latin America.
#economics
Share
Volkswagen AG’s SEAT unit tells Reuters it has decided against pursuing the Iranian market for now and will focus instead on established operations in Europe, northern Africa and Latin America.
Reuters says the company has been evaluating the merits of Iran’s reopened car market since March, when it was invited to do so by the Spanish government. The company insists that its decision was not influenced by U.S. President Donald Trump’s confrontational stance on Iran’s international nuclear agreement.
SEAT is VW Group’s only brand to generate double-digit sales growth in Europe this year. The unit posted a 15% gain to 302,800 units through the first nine months, according to trade group ACEA.
RELATED CONTENT
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future