BMW gets green light to export cars to Iran

Newswire

TEHRAN, Aug 25 (Reuters) - Germany's BMW has become the first automaker to export cars to Iran after a decade-long ban, a BMW manager said on Wednesday. "Following painstaking procedures, we obtained permits to import our cars and a few have made it through customs," BMW Iran's Sean Arjmand told Reuters. Two 5 Series cars were successfully imported, fetching around 120,000 euros, just under three times their price in Germany because of tariffs starting at 130 percent. Eight more are ...

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