Car Makers warned: Leave Iran - or leave the US

Jay Nagley

US lobbyists are claiming that they are forcing car companies out of Iran – on pain of becoming toxic brands in America.

Last week Peugeot announced it was stopping supplies to its Iranian joint venture, which was more important than you might imagine. Iran was basically put on wheels by the Hillman/Chrysler Hunter in the 1970s and, when Peugeot bought Chrysler, it took over the deal and supplied Peugeot 405 and 406 models (the orange car above is the Hunter). The total number of Chrysler/Peugeots supplied now runs into the millions. The pull out is expected to cost Peugeot £750 million a year in lost turnover.