Volkswagen cars at Hamburg harbour. Photo: DPAGerman car giant Volkswagen said Tuesday it was returning to the Iranian market for the first time in 17 years due to the lifting of economic sanctions. The company, maker of brands including VW, Porsche, Skoda and Seat, said it would resume selling cars in Iran from August after signing a deal with local importer Mammut Khodro. "By returning to Iran, the Volkswagen brand is filling in another blank spot on the global automotive map," said Anders Sundt Jensen, project manager for the Iranian market at Volkswagen. VW first started selling cars in Iran in the 1950s but pulled out of the market in 2000 due to the levelling of international sanctions against the Islamic republic.

Source: The Local July 04, 2017 13:41 UTC