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Commentary: Why is U.S.-owned GM partnering with company that does business with Iran?

Home - by - June 13, 2012 - 20:30 America/New_York - 9 Comments

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Earlier this year, GM announced a new partner: French automotive giant PSA Peugeot Citroen (Peugeot). While many are still speculating about the financial implications of this trans-Atlantic alliance, there is no doubt that from a foreign policy perspective, it is problematic, and raises numerous questions that GM is unfortunately refusing to answer.

My organization, United Against Nuclear Iran, learned of the GM-Peugeot partnership earlier this year, as well as GM’s subsequent acquisition of a 7 percent share of Peugeot. This concerned us greatly, since Peugeot was actively doing business in Iran — a nation run by a brutal regime that is allied with al-Qaida, has killed dozens of U.S. troops in Iraq and Afghanistan, plots terrorist attacks on U.S. soil, and is illegally pursing nuclear weapons.

The facts are beyond dispute: Peugeot is partnered with Iran’s Khodro Group, a subsidiary of an entity — IDRO — controlled by the Iranian regime and associated with Iran’s brutal Islamic Revolutionary Guard Corps. Over half a million Peugeot vehicles were sold in Iran in 2010 alone, making Peugeot the leading foreign auto manufacturer produced and sold there. Peugeot has more expatriate employees working in Iran than any other western company.

UANI respectfully raised these concerns in a March 9 letter to GM Chairman and CEO Dan Akerson, asking that GM “use its influence and leverage to compel Peugeot to immediately end its business in Iran.”

“In the event Peugeot does not comply,” we added, “UANI calls on GM to end its partnership with Peugeot.”

In response to UANI, a GM spokesman, Greg Martin, told Agence France-Presse that Peugeot has “halted its business dealings with Iran.” GM also told the Wall Street Journal that Peugeot had “made the decision to suspend the production and shipment of material into Iran some time ago.”

These would ordinarily be welcome and reassuring statements. However they simply do not jibe with reality.

According to industry data, in the last year, ending March 19, nearly half a million Peugeot vehicles were produced in Iran — some 38,000 in the final month alone. On April 15, a report out of the Middle East read, “Iran’s largest carmaker Iran Khodro Company branch in Fars is scheduled to produce 15 thousand Peugeot Pars sedans.” Another, on April 19, said that Peugeot’s Iranian partner “has not yet received any official announcement from Peugeot indicating a halt in their mutual cooperation.

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» 9 Comments

  1. Jethro

    June 13th, 2012

    History repeats itself.
    Ford and GM were doing business with the Nazis right up until the USA declared war on Germany.

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  2. Hybrid Lemon

    June 13th, 2012

    Not to worry…GM is moving its operations to China.

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  3. Txn4Evr

    June 13th, 2012

    Because Obama is a Muslim too.

    Is this a trick question?

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  4. Nutjob

    June 14th, 2012

    Michael Moore must finally be proud of GM to be so silent now that the communists are in charge of GM instead of those dam filthy (spit when you say it) capitalists.

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  5. Granny Flash

    June 14th, 2012

    Some of the gm plants are working 2 Saturdays this month. That really makes those union paychecks go up. Don’t know what they are doing with the vehicles…they aren’t selling them around here.

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  6. Nutjob

    June 14th, 2012

    Some of the gm plants are working 2 Saturdays this month. That really makes those union paychecks go up. Don’t know what they are doing with the vehicles…they aren’t selling them around here.

    Must be a government order, the government can’t be buy vehicles on the taxpayer dime on regular time. Besides they need to replenish the union pot after the Wisconsin fiasco didn’t pan out.

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  7. Anonymous

    June 14th, 2012

    Commentary: Why is U.S.-owned GM partnering with company that does business with Iran?

    The same reason it is in bed with and being at least partly ontrolled by China… Because when obama “saved” the auto industry, they became a Socialist-Govt Controlled entity. Which is to say, an anti-Capitalist subsidiary of the Global Communist Jihad Party!!!

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  8. GM Car Of The Future

    June 14th, 2012

    Don’t laugh at the China comments.

    Trust me on this. Watch.

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  9. Bob M.

    June 14th, 2012

    Because the CEO of ObamaMotorVerks is a Mohammedan? :oops:

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