Tuesday, March 27, 2012
GM, FORD AND VW EYE Expanding IRAQI Automobile Market
A view of Kahramana square in Baghdad. Rising autosales and interest in Iraq by significant 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 consideration of global automakers such as General Motors Co., Ford Motor Co. and Volkswagen Group.Western automobiles had been shut out of the Iraqi industry by
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