Mercedes-Benz parent halts Iran activities over US sanctions
Mercedes-Benz parent Daimler on Tuesday said it was halting business activities in Iran in reaction to renewed US sanctions. Daimler established a joint venture in early 2016 with an Iranian manufacturer to make and distribute Mercedes-Benz trucks. French carmaker Renault, which does not sell cars in the US, has said that it will remain in Iran despite the sanctions.