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GM Partnering w/Business Associated w/Iran
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June 13, 2012 at 1:00 am
Commentary: Why is U.S.-owned GM partnering with company that does business with Iran?
By Mark D. Wallace

Earlier this year, GM announced a new partner: French automotive giant PSA Peugeot Citroen (Peugeot). While many are still speculating about the financial implications of this trans-Atlantic alliance, there is no doubt that from a foreign policy perspective, it is problematic, and raises numerous questions that GM is unfortunately refusing to answer.

My organization, United Against Nuclear Iran, learned of the GM-Peugeot partnership earlier this year, as well as GM's subsequent acquisition of a 7 percent share of Peugeot. This concerned us greatly, since Peugeot was actively doing business in Iran — a nation run by a brutal regime that is allied with al-Qaida, has killed dozens of U.S. troops in Iraq and Afghanistan, plots terrorist attacks on U.S. soil, and is illegally pursing nuclear weapons.

The facts are beyond dispute: Peugeot is partnered with Iran's Khodro Group, a subsidiary of an entity — IDRO — controlled by the Iranian regime and associated with Iran's brutal Islamic Revolutionary Guard Corps. Over half a million Peugeot vehicles were sold in Iran in 2010 alone, making Peugeot the leading foreign auto manufacturer produced and sold there. Peugeot has more expatriate employees working in Iran than any other western company......................>>>>....................>>>>...............From The Detroit News: http://www.detroitnews.com/article/20120613/OPINION01/206130315#ixzz1xhJ9ZtLs
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