Automotive

According to Volvo Trucks’s own website, Volvo Trucks maintains Iran business including the operation of a Volvo Trucks dealership in Iran. 

Tehran-based Parsian Pishro Sanat claims to be the exclusive representative of Volvo Penta on its website. 

Volvo Construction Equipment's website lists a dealer in Tehran. The dealer, Parsian Pishro Sanat, describes itself as "specializing in distributing and providing after-sales services for some of the best and most famous machines in the world." Among the companies which it claims to represent is Volvo Construction. 

3-Modellmotoren's petrol engine was found in the following Houthi weapon system: the Sammad UAV. (UN Security Council, "Letter dated 22 January 2021 from the Panel of Experts on Yemen addressed to the President of the Security Council," 1/21). 

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"According to the Panel, the engine [used in a Houthi weapon system] derives from a shipment of 21 such engines that 3W exported to Eurowings Aviation and Consultancy of Athens, Greece, in June 2015 (UNSC, 2019, p. 89). The Panel further identified that the engines were resupplied to a company based in Iran, in violation of German law (UNSC, 2020, pp. 110-113)." (Conflict Armament Research, "Evolution of UAVs Employed by Houthi Forces in Yemen, 2/2020)

"Under an MoU signed between Managing Director of Khuzestan Regional Electric Co. Mahmoud Dasht-Bozorg and AJ Holding CEO Allan Jespersen, the Dubai-based company has undertaken to build gas-fired thermal, solar and wind power plants in the hydrocarbon-rich province [Khuzestan province in southwest Iran].

It requires the UAE company to execute the project in the "shortest possible time", where some of the plants should join the grid before the summer." (Pars Today, "UAE to build 300 MW power projects in Iran's Khuzestan," 12/8/21)

Its website lists Iran as a location at which ACMA holds events and launches initiatives with the intention of "provid[ing] opportunities to its members to explore business opportunities in international markets."

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According to a Twitter post, ACMA attended the 13th International Auto Parts Exhibition at Tehran, Iran in 2018. 

"BYD Company reportedly has a contract to distribute automobiles and the transfer of energy technology into Iran. In 2020, CalSTRS identified BYD Electronic as potentially having ties to Iran and began the review process."

"Akwel SA reportedly distributes automobile parts and provides consultancy services in Iran In 2019, CalSTRS identified Akwel SA as potentially having ties to Iran and began the review process. The engagement has been delayed by shutdowns related to the COVID19 pandemic. Accordingly, CalSTRS has maintained an “Under Review” status in 2020."

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In 2019 CalSTRS identified Akwel SA as potentially having ties to Iran for reportedly distributing automobile parts and providing consultancy services in Iran and began the review process. 

According to a Quarterly Report filed by Blackstone in 2013:

Blackstone informed us that TRW Automotive Holdings Corp. (“TRW”), a company that may be considered one of Blackstone’s affiliates, included the disclosure reproduced below in its annual report on Form 10-K as filed with the SEC on February 15, 2013 as required by Section 13(r) of the Exchange Act (the “TRW Disclosure”). Because both we and TRW are controlled by Blackstone, we may be considered an “affiliate” of TRW for the purposes of Section 13(r) of the Exchange Act.

"“Pursuant to Section 13(r)(1)(D)(iii) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), we note that in 2012 certain of our non-U.S. subsidiaries sold products to customers that could be affiliated with, or deemed to be acting on behalf of, the Industrial Development and Renovation Organization, which has been designated as an agency of the Government of Iran. Gross revenue attributable to such sales was approximately $8,326,000, and net profit from such sales was approximately $377,000. Although these activities were not prohibited by U.S. law at the time they were conducted, our subsidiaries have discontinued their dealings with such customers, other than limited wind-down activities (which are permissible), and we do not otherwise intend to continue or enter into any Iran-related activity.”

According to its Annual Report filed with the SEC for fiscal year 2016: "On February 17, 2016, the Company filed an initial voluntary self-disclosure notice with the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) regarding certain transactions between Osborn International GmbH, a foreign-incorporated Germany subsidiary of the Company, and Iran Khodro Industrial Group and other commercial entities based in Iran (the “Transactions”). The Company discovered the Transactions during an evaluation of the Company’s global sanctions compliance procedures. The Company is currently evaluating the Transactions and will submit a full report to OFAC within 60 days. The Company cannot predict when OFAC will conclude its review of the voluntary-self disclosure."