Daimler halts Iran activities over US sanctions
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German automaker Daimler on Tuesday said it was halting its business activities in Iran after the United States re-imposed sanctions on Tehran.
"We have suspended our already limited activities in Iran in accordance with the applicable sanctions," a spokeswoman said in a statement sent to AFP, adding that Daimler was closely monitoring political developments.
The move brings a sudden end to Daimler's expansion plans in Iran, where it was teaming up with two local firms to assemble Mercedes-Benz trucks.
