Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 15,303.10 +8.60 0.06%
S&P 500 1,649.60 -0.91 -0.06%
Nasdaq 3,459.14 -0.27 -0.01%
Ticker Volume Price Price Delta
STOXX 50 2,764.29 -12.49 -0.45%
FTSE 100 6,654.34 -42.45 -0.63%
DAX 8,305.32 -46.66 -0.56%
Ticker Volume Price Price Delta
Nikkei 14,612.50 +128.47 0.89%
Hang Seng 22,618.70 -51.01 -0.23%
S&P/ASX 200 4,983.50 -78.95 -1.56%

Toyota Ends Exports to Iran Amid Sanctions to Avoid U.S. Conflict: Nikkei

Toyota Motor Corp. halted auto exports to Iran to avoid conflict with U.S. and United Nations sanctions over Iran’s nuclear program, Nikkei English News reported, without saying where it got the information.

Toyota has contended auto exports to Iran don’t violate the U.S. sanctions; it stopped shipments because companies that deal with Iran have come under scrutiny by the U.S. government, Nikkei said.

Steve Curtis, a U.S.-based spokesman for Toyota, said he couldn’t confirm the report. Toyota doesn’t make vehicles in Iran and has no direct operations in the country, Curtis said.

Toyota models in Iran are sold by Irtoya, an independent Iranian distributor that has no capital relationship with the Toyota City, Japan-based company, Toyota said.

About 4,000 Toyota vehicles were shipped to Iran in 2008, 250 in 2009 and 230 this year through May, Nikkei said, citing information from Toyota.

To contact the reporters on this story: Alan Ohnsman in Los Angeles at aohnsman@bloomberg.net; JoAnne Norton at jnorton@bloomberg.net.

Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.

Sponsored Link