Foreign Affairs: Suzuki Grand Vitara, Iran
There’s no question that I’m a fan of small, body-on-frame SUVs. For hauling various combinations of human and cargo across various terrains, smooth or otherwise, there is no substitute. In many parts of the world, the average roadway is somehow worse than even the Pennsylvania Turnpike, so a sturdy frame is paramount.
I’ve never been to Iran, but I’d imagine it’s one of those places where a rugged vehicle is required. Thus, it’s no surprise that the last-generation Suzuki Grand Vitara is still built there.
Iran Calls for Emergency OPEC Meeting Amid Oil Slide
Iran’s oil minister has said that an emergency OPEC meeting may be necessary to stem the tide of slumping worldwide oil prices, Reuters is reporting. Algeria has also called for an emergency meeting.
A barrel of crude oil slid to its lowest price last week of around $40, the lowest in more than six years. Record low gas prices could closely follow, which would help American drivers and car buyers, however the broader economic impact may be tougher to discern. Worldwide markets sank on Friday, largely on fears that China would slow its economic growth and instability in Greece could hamper European economies.
Al-Naimi: Only Allah Knows Where Oil Prices Will Go
How long will Saudi Arabia allow oil prices to drop as the country’s production remains unchanged? Only Allah knows the answer.
Renault Resumes Supply Shipments To Iranian Production Lines
After a six-month self-imposed hiatus, Renault has begun shipping “a very low volume” of parts overland to Iran for vehicle assembly.
Renault Eyeing Return To Iran When Sanctions Lift
For the past few months, sanctions against Iran for their nuclear ambitions have sidelined PSA and Renault from the Persian market. Behind the scenes, General Motors outmaneuvered PSA despite their one-time alliance allowing them to muscle their way into aan emerging market via loophole abuse and an unknown quantity of Camaros. With GM out of the way, however, PSA would now be free to regain their footing once sanctions were lifted.
PSA won’t be alone in the upcoming battle, of course, as their compatriots at Renault have plans to return to Iran to reclaim what was lost, and then some.
Ford to Fight for the Heart of Middle East, Africa
From the Blade Runner future in Dubai to the shores of Tripoli, Ford aims to launch an aggressive campaign in the Middle East and Africa markets through the creation of a fifth business unit that will consolidate the Blue Oval’s operations in the two regions.
Iran's Imported Chevrolet Camaros Raise Questions About GM's Dealings With PSA And The Iranian Regime
An obscure story in the Azerbaijani press this past summer may be the tip of a much larger iceberg involving General Motors, PSA Peugeot Citroen and the Western World’s current bete noir: the Iranian regime currently embroiled at the heart of a controversial nuclear program, which is subject to economic sanctions by the United States government, including those that specifically target Iran’s automotive industry.
Citing reports from Iran’s Mehr news agency, an Azerbaijani news outlet reported that an unspecified number of brand new Chevrolet Camaro RS 2LT convertibles were imported by a division of Iranian conglomerate Iran Khodro. According to the report, the Camaros were sent from Miami to Paris, and then from Paris to Tehran via a Qatar Airways plane. The report also states that US Customs and Border Patrol documents list the final destination as the Aras Free Trade and Industrial Zone.
Customs Data: More Than Half Of Iran's Car Parts Still Coming Through
Further on yesterday’s story on PSA’s, and by extension GM’s, alleged continuous supply of embargoed car parts to Iran, Bloomberg reports that Iran’s imports of automobile parts decreased by 47.8 percent to $254 million in the two months since March 20.
Media Reports: Peugeot Violates Iran Sanctions. UANI: Investigate GM!
GM-partner PSA has repeatedly stated that shipments of parts to Iran’s carmaker IKCO (a.k.a. Iran Khodro) had stopped in February, and would not resume until September, if at all. The parts are for the 206 and 405 models, and PSA said it stopped shipping them in response to sanctions on Iran. IKCO says it’s not true at all, ships are unloading parts and the lines are running.