Tuesday, March 27, 2012
GM, FORD AND VW EYE Growing IRAQI Auto Market place
A view of Kahramana square in Baghdad. Rising automobilesales and interest in Iraq by main automakers are signsof optimism amid continuing violence and political strains.By Tamara Walid & Kadhim Ajrash, Bloomberg - Backed by the world's fifth-largest oil reserves and a population bigger than Saudi Arabia's, Iraq is attracting the attention of global automakers including General Motors Co., Ford Motor Co. and Volkswagen Group.Western vehicles were shut out of the Iraqi industry by sanctions
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