NEW YORK--(BUSINESS WIRE)-- On Thursday, United Against Nuclear Iran (UANI) highlighted newly released industry data showing that Iran is facing an “unprecedented decline” in its automotive manufacturing sector.
Production was down 66% year-on-year last month and 42% for all of 2012. Auto prices in Iran are soaring due to sanctions and the ongoing currency crisis, and in order to prevent massive layoffs, the auto industry is reportedly seeking a billion dollar bailout from the Iranian government.
Said UANI CEO, Ambassador Mark D. Wallace:
Iran's auto industry is dominated by the Iranian regime and the Islamic Revolutionary Guard Corps. Now, it is feeling the effects of international pressure campaigns and the crash of the rial. 2012 has seen auto companies like Hyundai and Porsche making the historical decisions to pull out of Iran, and others limiting their shipments to Iran. The decline in Iran’s auto production is directly the result of pressure from UANI and its partners, alongside international sanctions.
The message is clear: responsible international auto companies will not continue to work in Iran, and Iran’s economy will suffer more and more hardship until the regime decides to change course. We call on all auto manufacturers -- including Mazda, Nissan, Renault, and Peugeot -- to fully end their irresponsible business in Iran. We call on Congress to pass UANI's DRIVE Act, which would require automakers to certify they are not engaged in any business in Iran to be eligible for U.S. government contracts.
UANI launched its "Auto Campaign" in March 2012. This year, Hyundai, Porsche, and Fiat have ended business in Iran in response to UANI campaigns and Peugeot stated it has stopped shipments of auto parts. In May, Ambassador Wallace testified about Iran's automotive industry before the U.S. House Foreign Affairs Committee.
UANI has developed model legislation, the DRIVE Act, to require auto manufacturers to choose between American taxpayers and the regime. The DRIVE Act requires automakers to certify they are not engaged in any business in Iran, or engaged in the implementation of any agreement with Iranian entities in order to be eligible for U.S. government contracts or financial assistance.
United Against Nuclear Iran
Nathan Carleton, 212-554-3296
Source: United Against Nuclear Iran