Tuesday, March 27, 2012
GM, FORD AND VW EYE Growing IRAQI Vehicle Industry
A view of Kahramana square in Baghdad. Rising carsales 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-biggest oil reserves and a population larger than Saudi Arabia's, Iraq is attracting the focus of international automakers like General Motors Co., Ford Motor Co. and Volkswagen Group.Western automobiles had been shut out of the Iraqi industry by sanctions
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