Iran: Daimler divests holding in Iranian engine firm

Daimler has announced that it will divest its 30% stake in Iranian Diesel Engine Manufacturing, a subsidiary of Iran Khodro Diesel. Daimler's chief executive officer Dieter Zetsche has attributed this decision to Tehran's political policies. This divestiture is part of a wider review of Daimler's business relationships with Iran. "In view of It’s time to … Continued

• By Webmaster
• April 14, 2010