Toyota stops shipping vehicles to Iran
Toyota said that it has stopped shipping vehicles to Iran in light of international sanctions against the country’s nuclear program. The suspension of exports, which started in June, was made in light of the “international situation,” Toyota said.
“We always monitor the international situation and make decisions based on that,” spokesman Dion Corbett said.
Toyota’s decision wasn’t all about politics – Washington has promised to fine companies that violate the sanctions. The United States, European Union and the United Nations have all imposed successive sanctions on Iran since June in order to halt Iran’s suspected development of atomic weapons.
Toyota said that it only exported 222 vehicles to Iran in 2010 – mostly of which consisted of the Land Cruiser. Last year Toyota shipped 246 vehicles to Iran and 4,000 in 2008.
– By: Omar Rana
Source: Automotive News (Subscription Required)