In December, UANI publicly called on Volvo to pull out of Iran, highlighting its sales there and its subsidiaries’ partnerships with the Iranian regime-controlled entity Saipa Diesel. UANI presented Volvo with photographic evidence of its trucks being used by the Iranian regime to transport missiles.
This month, in discussions with UANI, Volvo stated that it “[took] the decision in January 2013 to stop all business with companies [in] Iran.”
UANI applauds Volvo’s decision, and will list it as having withdrawn from Iran. Volvo is the seventh prominent automaker to pull out of Iran within the past year, joining Hyundai, Fiat, Porsche, Lamborghini, and others.
Said UANI CEO, Ambassador Mark D. Wallace:
We applaud AB Volvo for pulling out of Iran. The Iranian regime relies on the automotive sector for revenue, and to support its military operations. Volvo joins a growing list of responsible automakers that have decided that the moral and fiduciary risks of doing business in Iran are too great. We call on the automakers still active in Iran to take the same step of immediately ending their Iran business, in order to economically isolate the Iranian regime.
AB Volvo is a separate entity from the Volvo Car Corporation, which has certified that it does not do business in Iran.