Porsche Shutters Operations in Iran

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Porsche Shutters Operations in Iran
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Last Friday, Porsche became the latest global automaker to end business in Iran as strong political tensions and the threat of nuclear capability build in the country. Two U.S.-based advocacy groups, The Iran Watch List and United Against a Nuclear Iran, launched a campaign against the Tehran regime in Iran when they found that the Iranian auto… Continue Reading...

Mahmoud Ahmadinejad’s Peugeot 504 Sells For $2.5 Million

Mahmoud Ahmadinejad’s Peugeot 504 Sells For $2.5 Million
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Iranian dictator Mahmoud Ahmadinejad sold his 1977 Peugeot 504 at a chairty auction for $2.5 million, according to MSNBC. Ahamdinejad will use the proceeds to fund a low-income housing project meant for families. “President Ahmadinejad’s Peugeot 504 was sold for 2.5 billion tomans ($2.5 million) to an Iranian who took part in the auction,” ISNA… Continue Reading...

Bidding for Ahmadinajad’s Old Peugeot Tops $1 Million

Bidding for Ahmadinajad’s Old Peugeot Tops $1 Million
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Looking for a used car with an interesting previous owner? Have we got the car for you. No we aren’t talking about a DeTomaso Pantera owned by Elvis Presley or a MG SV-R owned by Rowan Atkinson, but instead about the current Iranian President Mahmoud Ahmadinajad, who is selling his 1977 Peugeot 504. The outspoken… Continue Reading...

Iranian President Sells His Peugeot 504 For Charity

Iranian President Sells His Peugeot 504 For Charity
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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.”… Continue Reading...

Toyota Suspends Exports To Iran Due To Sanctions

Toyota Suspends Exports To Iran Due To Sanctions
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Toyota has indefinitely suspended exporting vehicles to Iran as a new sanctions campaign aimed at crippling the country’s nuclear weapons program is implemented. While Iranian sales have fallen over the past two years, but the United States remains Toyota’s biggest market. Firms that have dealings with Iran have come under scrutiny in America. Toyota said… Continue Reading...