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Volkswagen Denies US Claim,Stays in Iran

Volkswagen (VW) has rejected US claims that the German car manufacturer has decided to quit Iran amid American sanctions, saying it has not changed its position on the Islamic Republic yet.

German Firms Ignore EU Appeal, End Iran Projects

Deutsche Telekom and Deutsche Bahn, two state-owned German companies, are following car manufacturer Daimler and mechanical engineering company Herrenknecht to withdraw from Iran because of US sanctions.

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