Monday, March 26, 2012

GM, FORD AND VW EYE Expanding IRAQI Automobile Market

A view of Kahramana square in Baghdad. Rising vehiclesales 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 larger than Saudi Arabia's, Iraq is attracting the attention of international automakers such as General Motors Co., Ford Motor Co. and Volkswagen Group.Western vehicles were shut out of the Iraqi market by sanctions

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