Monday, December 17, 2012

Bailed-out GM owns stake in French car company profiting in Iran | Washington Free Beacon

Bailed-out GM owns stake in French car company profiting in Iran | Washington Free Beacon: GM owns a seven percent stake in PSA Peugeot Citro�n, which has faced intense scrutiny for its business relationship with Iran.

Peugeot has long been one of Iran’s central auto partners, providing parts and technology to Iran’s leading car manufacturer, Khodro Company. Khodro is believed to have economic ties to the regime’s Islamic Revolutionary Guard Corps (IRGC).