Posted on 02/13/2007 7:39:50 AM PST by LSUfan
The No. 5 auto maker will divest it's Mercedes distributor, reacting to pressure to not to do business in Iran, a magazine reports.
February 12 2007: 12:48 PM EST
FRANKFURT (Reuters) -- DaimlerChrysler intends to divest its majority stake in the company that is its exclusive distributor for Mercedes-Benz vehicles in Iran, Germany's WirtschaftsWoche magazine reported on its Web site.
"The group is reacting to the growing pressure that the United States is applying on companies that do business in Iran," the magazine said Monday, without giving a source for its information.
It said DaimlerChrysler would sell its 51 percent stake in marketing group Setareh in the next few weeks.
DaimlerChrysler, the world's fifth-biggest car maker thanks to the 1998 merger of Germany's Daimler-Benz with U.S. automaker Chrysler, declined comment.
Washington has been stepping up pressure on Iran, which it accuses of harboring ambitions to develop nuclear weapons. Iran insists its nuclear energy program is for peaceful purposes.
It has taken long enough.
Mercs have been the auto of choice for decades for the Opecker Princes, thugs and despots of the middle east.
One can only imagine the pressure they got, which forced them to make this decision.
Not surprising that it took so long, considering that Daimler Benz was Hitler's car co.
Do you smell something burning, and do you hear those strange whistling noises?
Daimler was around decades before Hitler. I owned a 190D for 18 years, what does that make me?
Old
I have a shirt that says "old guys rule." Actually, being 59 isn't so bad. I can still do what I did 30 years ago, just not as quickly.
Hey, I like working with old folks at my office. As long as they don't drool on my paperwork.
BTW, maybe you old folks can help me with something...is it true Paul McCartney was in a band before Wings?
is it true Paul McCartney was in a band before Wings?
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Yeah, I think it was Alexander's ragtime or McNamara's, something like that.
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