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Toyota Halts Exports To Iran After U.S., UN Sanctions

Source: Radio Zamaneh

Japanese car manufacturer, Toyota announced on Wednesday that following financial and commercial sanctions against Iran's nuclear activities it has stopped shipment of its products to Iran.

CNN cited Toyota spokesman Keisuke Kirimoto saying: ""It is true that Toyota has stopped exports of vehicles bound for Iran and we plan to continue to closely monitor this sensitive international situation."

Toyota maintains that it has made this move in order to avoid any negative reflections on its US market.

The move by Toyota is predominantly symbolic since Toyota has no factories in Iran and it merely exported 222 cars to Iran per year in the past two years.

Toyota says that although exporting cars to Iran does not violate any current sanctions imposed on Iran, they prefer to indefinitely halt exports to Iran since the US is keeping all companies that have financial dealings with Iran under close scrutiny.

Earlier the US had urged Japan to consider sanctions against Iran and Japanese officials had announced in response that they are reviewing the possibility of imposing unilateral sanctions on Iran.

Related News: Irtoya after sales still on despite Toyota export cuts

TEHRAN, Aug. 11 (MNA) - Irtoya, the exclusive representative of Toyota in Iran, announced that it will continue offering after sales services despite the stop of car shipments to Iran.

Irtoya will provide its Iranian customers with guarantee and spare part services with full support of the Japanese company, the announcement said.

... Payvand News - 08/11/10 ... --

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