HyundaiMotors will not follow the actions of a number of other OEMS, and will continueto trade with Iran, according to reports carried by the Korea Times.
United Against Nuclear Iran (UANI) sent a letter to Hyundai Motor last December to call on them to end business in Iran. But, reports the newspaper, Korea's biggest vehicle manufacturer has not replied and is not likely to do so any time soon.
"The letter came from a civic group, not from the U.S. government. Hence, we didn't answer as we don't think private companies are supposed to meddle in diplomatic issues,'' a Hyundai Motor official told the Korea Times. `"We are well aware of the letter from UANI and are keeping a close eye on how things are going. However, basically we have no plan to leave Iran.''
However, Hyundai, and its sister brand Kia are also major players in the US passenger car market. Moreover, Hyundai Motor is a major contract partner of the U.S. government.
`"As the recipient of over $14 million in contracts with the U.S. government, we hope that Hyundai understands the concern that many Americans have with regard to the company's dealings in Iran,'' UANI President Mark Wallace said in a letter to Hyundai Motor Chairman Chung Mong-Koo in December of last year. "UANI feels very strongly that Hyundai's investments and business holdings in Iran could cause lasting damage to the company's corporate image and reputation, both here and abroad.''
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