Home / Auto News / News article: Iranian President Sells His Peugeot 504 For Charity - AutoGuide.com News
 |  Nov 23 2010, 2:29 PM

Iranian President Mahmoud Ahmadinejad is set to auction off his 1977 Peugeot 504 to help raise funds for a new low-income housing project.

A statement released by the Iranian government said that, “In order to help the Mehr housing project, as an act of charity yesterday (Sunday) Mr Ahmadinejad put his car up for sale.”

Ahamdenijad is known for his image as a common man and friend of Iran’s poor, but most famous for his frequent homophobic and anti-semitic tirades in front of world leaders.

Peugeots have been locally built in Iran for a number of years, and the brand enjoys strong sales throughout the Middle East.

[Source: AFP]