Tag Archives: hyundai

Business/Economics, International, Technology, U.S.

World War 3: UANI goes after Korean car maker, UANI formed in 2008 specifically to go after companies doing business with Iran

“UANI’s unprecedented success in pressuring multinational corporations to cease business in Iran has alerted the business community of the serious financial and reputational risks of doing business with the Iranian regime.”-UANI statement

April 5, 2012, South Korean car maker, Hyundai, succumbed to the attacks from United Against Nuclear Iran (UANI).

Hyundai will stop exporting cars to Iran, however such a move will only hurt Hyundai, by reducing overall sales.  Iran has several car makers who will benefit by lack of foreign competition.

Hyundai is refusing to comment on the situation.

This is not about current U.S. sanctions against Iran.  I’ve already written how U.S. Congress, and George Bush Jr created a law in 2000 that exempted U.S. corporations from existing, and future sanctions against Iran, and North Korea.

UANI was created in 2008, for the express purpose of going after corporations that do business with Iran.

UANI also proudly admits they are the ones behind much of the anti-Iran legislation coming out of Washington DC.

UANI is also the main “official” source of anti-Iran info being used by the U.S. media.

UANI also proudly admits they are the ones behind the nuclear weapons scare mongering rhetoric concerning Iran.

Want proof, just go to their website.  You can find it yourself.

Want’s interesting is that UANI is claiming to be doing these things in the name of preventing Iran from getting nuclear weapons, yet they are actually shutting down Western (European, Asian) competitors to U.S. corporations.  How does that prevent another country from getting nuclear weapons?

 

Business/Economics, International, U.S.

What Economic Recovery? German Auto Makers making big profits, but economists say the party is over

The Germany auto industry has seen skyrocketing sales this year, mainly in China and India.  But a Center Automotive Research at the University of Duisburg-Essen, Germany, study predicts dire sales in the near future.

CAR boss Ferdinand Dudenhöffer, says the growing debt problems of Europe, United States, and even Japan, will eventually drag down the world economy.  He predicts a “significant fall in growth” for the German auto industry.

Germany has the strongest performing car makers in the world.  According to the Center of Automotive Management, VW holds 1st place, Daimler 2nd, and BMW holds 4th place (Korea’s Hyundai holds 3rd).

However, Center of Automotive Management predicts German car sales in China will soon drop off.  So far Germany has seen 20% to 30% sales gains year after year.  CAM analysts believe that in the near future German car makers will be lucky to see 5% sales growth in China and India.

5% sales growth will not be enough to make up for predicted loses in other markets (like the U.S.): “The gains that will be made in China and India won’t be able to compensate for the slight losses in other markets.”-Ferdinand Dudenhöffer, Center Automotive Research