Political Policies Prompt Daimler Sell-Up

As the US looks for greater international support for sanctions against Iran, German carmaker Daimler has announced it will sell its shares in a local company and shelve plans to export to the country. Daimler holds a 30% stake in Iranian Diesel Engine Manufacturing, a subsidiary of Iran Khodro Diesel, but it will sell the stake and also withdraw an application to export commercial

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