Fox News
Expand
Browse All Video
Watch Live

You're watching...

Porsche Pulling Out of Iran

Details

  • Description

    Porsche joins Hyundai by shutting down business in Iran

  • Duration 6:27
  • Date

Clips

Also in this playlist...

Latest News

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

But somebody who is a rock star here Fox News Channel is -- friend Rick Leventhal he's joining us here no idea that it's true it's true you are rock star now you're talking about.

Cars in -- ram portions.

And I grant you might not have thought about what the -- -- the elite might be driving the oil industry executives I didn't -- government big shots.

Did you do you know they were driving Porsche I did not apparently some of them were -- won't be for long because portion one of the company's.

That is battling out of Iran because of pressure from groups that say that any company that does business -- Iran is putting short term profits ahead of national security now some of these.

Most of these companies are not American auto makers in fact they're all European auto makers but there's an effort now to get them out of Iraq.

Andy run by the way -- the thirteenth largest automotive industry worldwide people with thousands of people they export vehicles to more than thirty different countries.

Hyundai recently agreed to stop partnering with the Iran now Porsche is cutting ties to Porsche sold seventeen million dollars -- the cars.

To Toronto -- and just the past couple of months in this past Friday.

The German auto maker said it was pulling out.

But no immediate plans to return thanks in part to pressure from a group called the Iran watch list and new York public advocate bill to block -- Companies.

Are actively involved in Iran.

For the same company selling products right here in the United States and my message to them as simply can't have it both ways.

You want to business -- -- forget about doing business in the United States forgot about the American consumer of the American consumer is not gonna stand for.

Companies propping up the Iran -- regime.

Well there's another company that they're pressuring that's Nissan.

-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- That -- taxi of the future for New York City.

And that's -- Nissan.

They have nearly one billion dollar contract with a New York to make this vehicle.

And critics say that if you're gonna sell taxis to New York City you shouldn't also be.

A partners with a company that does business in Iran here's US ambassador to the former US ambassador to the UN Mark Wallace.

We have to send a message that regime that no longer can it be business as usual until they were -- -- nuclear weapons program.

And and and stop sponsoring terrorism around the world.

In response to the criticism we heard from Neil's son they sent us a statement that says in part Nissan does not sell cars in Iran.

Local manufacturer but forgive me for not pronounce this correctly pars -- Is permitted by licensed to sell certain Nissan model names in the country this is a limited scale business relationship which follows all US and other foreign export control.

Regulations.

Well united against a nuclear Iran says the pressure will continue.

Not just against Nissan but other Automator including Peugeot which apparently has a large business interest in Iran.

And you -- that people chatting on our chat room here foxnews.com live we've got -- for jury riding in.

That's how we should -- -- starting with the oil any oil company that trades in Iraq oil.

We shouldn't buy it all Scott lately that continues to be with us here on sex and that watching him.

Listen very intently to Rick's report.

Yes this time in -- well let him build the blogs do these little and -- -- in Brooklyn he's a good guy running for mayor I'm sure but I disagree of them that.

The Iranian regime is being propped up by Porsche.

And I said Porsche -- A little less than I don't know whether rightly is but I.

Having said that you I really think that sanctions in general -- -- wind up hurting.

The people I mean in this case yesterday -- that.

That the leaders who drive porsches but.

I think is the rules and I think -- -- to -- but whatever ridiculous policy of -- -- Cuba has been over the years -- -- we need to engage with all countries sanctions ultimately just.

Heard you have every average person.

If we're not -- about sanctions necessarily we're talking about.

In these in the opinion of these critics doing the right thing.

Not having companies make tons -- money by doing business with a country that we are trying to put pressure on the stop making or.

Allegedly making nuclear weapons you know it if we're not gonna do business for them.

Didn't then caught.

-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- People.

It's it's easy to see their point you know that we unity my car away from me now me I can't get parts for my car.

I mean we should do something about this I think it seems so simple but you know you want to be able to drive you want to be able to buy the car you want.

And all of a sudden -- you can't get even that -- I mean maybe you know we should start listening to all these people outside of our.

Borders yeah I think getting its target the leaders more than the average person -- -- -- -- -- let me go.

One quick one quick comment for Rick from one of our chatters all four jury.

I yes Rick how effective do you think these boycotts would be on these companies if they are carried us well.

I it's I don't know and it's a good question.

These.

Public -- the kids in and critics of the current policies seem pretty convinced that this is a good way to go after them.

And and again sending a message.

Being consistent.

That.

Not only -- -- enforcing sanctions against Iran but we're not gonna do business with companies that do business with the Iran as a country and those companies it didn't make.

Tons of money here in the US if they want to protect their investments in the US are gonna have to stop doing business with the wrong.

And I have one question for you those taxi cab -- attack -- that is of those going to be bulletproof.

Press -- -- are not bulletproof but you know what's funny I was at the auto show now couple weeks last week.

And I sat one of those they had one on -- I don't know if you saw united behind but in Nassau on this morning on the street it's a fantastic.

Vehicle.

I did seem billboards and in a -- it's a brand roomy.

It has us sun roof.

It's got all kinds of gadgets in there you can plug in your your fallen in it's amazing.

-- lot of room in the back if you put bags -- -- -- it's a beautiful vehicle and it's it I think it's a step up so congratulations needs.

All right Rick let --

Load More