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Volkswagen

Trade risk
Volkswagen is an entity of interest. It has not been found on international sanctions lists.
TypeCompany[sources]
NameVolkswagen[sources]
Incorporation datenot available[sources]
Jurisdictionnot available[sources]
CountryGermany[sources]
Registration numbernot available[sources]
SectorAutomotive[sources]
Stock ticker symbolFWB:VOW[sources]
Websitewww.vw.com[sources]
Source linkwww.unitedagainstnucleariran.com[sources]
Last changeLast processedFirst seen

Descriptions

Audi is a wholly-owned subsidiary of Volkswagen (http://www.unitedagainstnucleariran.com/company/audi)

Iran UANI Business Registry non-official source,

Mammut Khodro Co. is the official distributor of Volkswagen in Iran. (https://mammutkhodro.com/EN/contact-us.html)

Iran UANI Business Registry non-official source,

Lamborghini is owned by Volkswagen.  (http://www.unitedagainstnucleariran.com/company/lamborghini)

Iran UANI Business Registry non-official source,

German auto giant, Volkswagen, has signaled keenness to ground up natural gas vehicles (NGV) in Iran, an official said. Director of the CNG project of the National Iranian Oil Products Distribution Company Ali Mehrabi has told a press conference on Sunday that foreign companies, including Germany's Volkswagen have welcomed projects to manufacture NGV parts in Iran.  "In order to manufacture and sell car parts in Iran, foreign companies must build factories inside the country," he said. (Fars News Agency,  "Germany's VW Keen on Building NGVs in Iran," 12/19/2016).  (http://en.farsnews.com/newstext.aspx?nn=13950929000490)

Iran UANI Business Registry non-official source,

"German truck makers such as MAN SE and Daimler have been recalcitrant about ending their lucrative trade relationship with Iran. Dominique Nadelhofer, a MAN spokesman, told the Post his firm had dealt with its Nazi history and so met its responsibility toward Israel's security." (Jerusalem Post, "Berlin bans sale of trucks to Syria, Iran," 6/23/09) (http://www.jpost.com/IranianThreat/News/Article.aspx?id=146496)

Iran UANI Business Registry non-official source,

The Wolfsburg-based carmaker, Volkswagen is implementing plans to develop business on the market in Iran. A production plant is due to be set up by the end of this year in the Special Economic Zone Arg-e-Jadid near the city of Bam, which will assemble over 20 000 vehicles per year. (World Car Fans, Volkswagen taps into Iranian Market, 7/5/04)   (http://www.worldcarfans.com/104070610476/volkswagen-taps-into-iranian-market)

Iran UANI Business Registry non-official source,

Volkswagen is listed as a prohibited company in the March 2020 and March 2021 Report to the New Jersey Legislature Iran Divestment Act.  (https://web.archive.org/web/20201016170109/https://www.nj.gov/treasury/doinvest/pdf/index/Iran_Progress_Report.pdf) (https://www.nj.gov/treasury/doinvest/pdf/index/Iran_Progress_Report.pdf)

Iran UANI Business Registry non-official source,

MAN SE is a subsidiary of Volkswagen (http://www.unitedagainstnucleariran.com/company/man-se)

Iran UANI Business Registry non-official source,

"Several renowned German companies are involved in major Iranian infrastructure projects, especially in the petrochemical sector, like Linde, BASF, Lurgi, Krupp, Siemens, ZF Friedrichshafen, Mercedes, Volkswagen and MAN." (Payvand Iran News, Iranian Exports to Germany rose 50% last year, 1/9/08) (http://www.payvand.com/news/08/jan/1086.html)

Iran UANI Business Registry non-official source,

"Volkswagen will begin the sale of vehicles in Iran in August. Initially, Volkswagen's Tiguan and Passat models are to be imported under a contract concluded with the Iranian automotive company Mammut Khodro. The Volkswagen brand will thus again have a presence in the Iranian market after more than 17 years, and is systematically developing further worldwide market potential." (July 4, 2017)

Iran UANI Business Registry non-official source,

Carmaker Volkswagen AG (VOWG_p.DE) rejected on Thursday a report suggesting it had decided against doing business in Iran after coming under pressure from Donald Trump’s ambassador to Germany, saying its position on the country had not changed. ("VW rejects Trump envoy's take on Iran pullout," Reuters, 9/19/2018.) (https://www.reuters.com/article/us-volkswagen-iran/vw-rejects-trump-envoys-take-on-iran-pullout-idUSKCN1M004U)

Iran UANI Business Registry non-official source,

MAN SE lists six Iranian dealers for its commerical vehicles. (MAN Website, "MAN Dealership Search: Iran") (https://my.man-mn.com/portal/irj/asp?NavigationTarget=navurl://4cfac321227c720d03581106a23840ce)

Iran UANI Business Registry non-official source,

"Two European makers of luxury cars, Sweden's Volvo and Audi AG from Germany are reportedly to launch production lines in Iran by the next year.  As Khabar Online correspondent reports, the representatives of the two companies are currently in Tehran negotiating with a team of directorsof Iranian automaker companies and Iranian government representatives to reach an agreement on initiating production lines." (Khabaronline, "Volvo, Audi to launch production lines in Iran," 2010) (http://www.khabaronline.ir/news-49588.aspx)

Iran UANI Business Registry non-official source,

"The production line of a newly formed joint venture between Volkswagen and the Iranian automotive company Mammut Khodro will be launched by the end of the current Iranian fiscal year that ends in March, according to the company's director. The CEO and owner of Mammut Group,  Mehrzad Ferdos told reporters, “A deal has been concluded between Mammut and the German automaker Volkswagen,” asrekhodro.com a local automotive website reported at the weekend. “The two company’s first joint production line will be launched by the end of the current Iranian year.” Several VW models will be produced through the JV, he said but he did not name any models." (Financial Tribune, "Volkswagen to Launch Iran Plant by March," 1/24/2017). (https://financialtribune.com/articles/economy-auto/58036/volkswagen-to-launch-iran-plant-by-march)

Iran UANI Business Registry non-official source,

"Assembly plants manufacturing Peugeot, Citroen and Volkswagen (VW) models from imported completely knocked down (CKD) kits are also experiencing a sharp drop in production volumes. As a result of the sanctions covering dual-use technologies and the failure to provide letters of credit due to US pressure on European banks, Iranian carmakers are struggling to import parts from Europe." (Report Buyer, Iran Autos Report Q3 2008, July 2008) (http://www.reportbuyer.com/automotive/country_overview_automotive/iran_autos_report_q3_2008.html)

Iran UANI Business Registry non-official source,

"Scania is a well know brand within Iran for more than 40 years...Scania works closely together with their two Iranian distributors, Oghab Afshan our distibutor for Scania bus chassis and industrial engines and Mammut Diesel our distributor for Scania trucks." (Scania: Iran) (http://www.oghabafshan.com/) (http://www.mammutdiesel.com/) (http://en.scania.ir/)

Iran UANI Business Registry non-official source,

"[T]he auto sanctions were lifted earlier this year after an interim nuclear agreement was reached between Iran and world powers and a final accord is still on the horizon, raising the prospect of better times for the industry. That will draw international suitors to Tehran on Monday for the second consecutive Iran Auto Show. Mercedes Benz, Volkswagen, Renault, Peugeot, Kia and Toyota have confirmed [they will attend]...'The day the nuclear deal is signed... business will pick up,' said a foreign auto expert who claims a preliminary agreement with Volkswagen's Skoda has already been made." (Agence France-Presse, "Foreign automakers find Iranian market has gone local," 11/30/14) (http://www.globalpost.com/dispatch/news/afp/141130/foreign-automakers-find-iranian-market-has-gone-local)

Iran UANI Business Registry non-official source,

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Iran UANI Business Registry non-official source,

As of May 17, 2021, Iowa's Public Employee's Retirement System lists Volkswagen on its Iran Scrutinized Companies List. (https://www.ipers.org/sites/default/files/IPERS%27%20Iran%20Prohibited%20Companies%202Q21.pdf)

Iran UANI Business Registry non-official source,

"So far Fiat, which owns Maserati, and Volkswagen Group, which owns Lamborghini, have not responded to The Algemeiner’s request for comment." (The Algemeiner, "Activists Call on Maserati and Lamborghini to End Business in Iran," 10/23/2012)  (http://www.algemeiner.com/2012/10/23/activists-call-on-maserati-and-lamborghini-to-end-business-in-iran/)

Iran UANI Business Registry non-official source,

The Scania global website lists a total of 34 dealers in Iran. (Scania Website, "Locate a Dealer:Iran") (http://www.scania.com/(S(dfbsr255ygmwqr455xqyj23i))/products-services/dealer-locator/index.aspx?countryCode=IR)

Iran UANI Business Registry non-official source,

Scania is a subsidiary of Volkswagen  (http://www.unitedagainstnucleariran.com/company/scania)

Iran UANI Business Registry non-official source,

Volkswagen is listed in the March 1, 2019, Report to the New Jersey Legislature Iran Divestment Act.  (https://www.nj.gov/treasury/doinvest/pdf/index/Iran_Progress_Report.pdf)

Iran UANI Business Registry non-official source,

As of August 15, 2019, the state of Iowa listed Volkswagen on its Iran scrutinized companies list. (https://www.ipers.org/sites/default/files/media/2017%2009%20Iran%20Prohibited%20Companies%20List%2009-30-17.pdf)

Iran UANI Business Registry non-official source,

"Volkswagen distributor in Iran Mammut Khodro started presales of two models,  Tiguan and Passat, in Tehran last week. The cars found a warm welcome." (January 14, 2018). (https://financialtribune.com/articles/auto/79881/vw-finds-a-warm-welcome-in-tehran)

Iran UANI Business Registry non-official source,

Suzuki's Iranian partner Iran Khodro produced 4,393 Suzuki Grand Vitara vehicles during the Persian year ending March 19, 2012.  (Best Selling Cars, "Iran March 2012: Last good showing for Peugeot," 4/18/12) (http://bestsellingcarsblog.com/2012/04/18/iran-march-2012-last-good-showing-for-peugeot/)

Iran UANI Business Registry non-official source,

Suzuki is an affiliate of Volkswagen (http://www.unitedagainstnucleariran.com/company/suzuki)

Iran UANI Business Registry non-official source,

"Last week, Qorbani announced that Benz, Volkswagen, Volvo, Fiat, Rover, Skoda, Renault, Peugeot, Kia and Toyota would take part in the Iranian auto expo, adding that the US car-manufacturers would also join the event. 'In case of desirable conditions, General Motors and Ford companies will also attend the event.' He continued that some leading car parts makers, including Siemens, FORD Mendo, Busch, FRW and ACI would attend the gathering. The event will start work on December 10." (Fars News, "55 Giant Int'l Carmakers, Part-Makers to Participate in Iranian Auto Expo," 11/2/14) (http://english.farsnews.com/newstext.aspx?nn=13930811000565)

Iran UANI Business Registry non-official source,

In 2018 the U.S. state of Iowa listed Volkswagen as an Iran restricted company rendering Volkswagen ineligible for investment and/or state contracting.

Iran UANI Business Registry non-official source,

Relationships

Data sources

Iran UANI Business Registry2,629

List of companies involved in international business with or in Iran, including their withdrawal status from Iranian business ties, maintained by United Against Nuclear Iran (UANI).

United States · UANI · non-official source


For experts: raw data explorer