Volkswagen plans to end nearly all of its operations in Iran, Bloomberg said, citing a US official who led discussions with the automaker.
Bloomberg said the administration of US President Donald Trump convinced Volkswagen to comply with US sanctions on Iran.
It has not yet been possible to comment on the report from the White House and Volkswagen, according to “Reuters.”
In May, Trump announced his country’s withdrawal from the 2015 agreement between Iran and the world powers under which sanctions were lifted from Tehran in return for agreeing to restrict its nuclear program.
According to the Bloomberg report, US Ambassador to Germany Richard Grenell led the talks with the Wolfsburg-based automaker.
The report pointed out that Volkswagen will be able to conduct some activities in Iran for humanitarian reasons.