International businesses look to cash in on lifted Iran sanctions

David Brancaccio Nov 25, 2013
HTML EMBED:
COPY

International businesses look to cash in on lifted Iran sanctions

David Brancaccio Nov 25, 2013
HTML EMBED:
COPY

In exchange for the easing of economic sanctions, Iran has agreed to some limits on its nuclear program. As a result, some sanctions on cars, trucks, and automotive parts are easing, and international businesses may look to cash in.

The European automotive industry, for example, has been suffering for a number of years amid the economic crises. Some car manufacturers already have small production bases in Iran, but they may look to expand, according to Peter Fuss, senior advisory partner at the EY Global Automotive Center.

“They will definitely reach out to this upcoming market again and evaluate whether there are opportunities,” Fuss says. 

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.