Toyota Withdrawal: More About Protecting US Business?

Toyota Motor has announced it will stop exports of its vehicles to Iran in line with the UN's fourth round of sanctions against the country. It is not the first carmaker to pull out of Iran. Germany's Daimler announced in April it would sell its 30% stake in Iranian Diesel Engine Manufacturing and shelve plans to export to the country. In Toyota's case, it has a much smaller interest, having shipped only 220 cars in the year up to the implementation of the sanctions in June, which suggests there may be more to the carmaker's

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