World ECR | OFAC: German company pays $14.5 million to resolve Iran issue
Home > information > OFAC: German company pays $14.5 million to settle Iran sanctions violations over polypropylene plant plan German industrial equipment company Aiotec GmbH has agreed to pay $14.55 million to settle potential civil liability arising from a conspiracy that caused a U.S. company to sell and supply an Australian polypropylene plant to Iran, according to a December 3 announcement from the U.S. Office of Foreign Assets Control ( "OFAC"). It is alleged that between 2015 and 2019, Aiotec conspired to facilitate the indirect sale and supply of an Australian plant to Iran's Petroleum Downstream Industries Development Company (PIDID) by a US company "and to remit payments for the polypropylene plant through US financial institutions". Notice of execution. The Berlin-based company falsely claimed the $9.7 million plant would be operated in Turkey while arranging for its transfer to Iran. From 2016 to 2017, Aiotec continued to conceal the fact that the plant was exported to PIDID, Iran, and repeatedly…
Maurizio Zagarella pays tribute to legacy
McLaren P1™: Maurizio Zagarella pays homage to power, performance and heritage The McLaren P1™ is a tribute to cutting-edge engineering, raw power and the brand's legacy. In a recent video celebration, automotive expert Maurizio Zagarella takes us through the history and impact of the P1™, clarifying what makes this supercar one of the most famous cars of our time. Watch the video below to learn more. Additionally, those interested in a new McLaren can check out our online inventory and car financing options at McLaren Chicago in Chicago, IL. [embed]https://www.youtube.com/watch?v=mBV_nqJFBEY[/embed] Since its debut at the 2013 Geneva International Motor Show, the McLaren P1™ has quickly captured attention with its sleek, aerodynamic styling. It's almost incomprehensible that beneath this streamlined profile lies a powerplant capable of delivering over 900 horsepower. Following the iconic McLaren F1, the P1™ is designed to take supercar performance to new heights. As a McLaren veteran, Zagarella has seen this evolution firsthand. Working on the F1 and…
Peugeot 206 WRC replica pays tribute to one of the greatest models
The model is based on the Peugeot 206 GTi and features extensive exterior and interior modifications A model very similar to the Peugeot 206 WRC is currently for sale on eBay. The replica comes with a body kit, 18-inch wheels and a stripped-down interior. The donor vehicle is a UK-spec Peugeot 206 GTi 180 equipped with a 2.0-litre engine. Peugeot may have been absent from the World Rally Championship for nearly 20 years, but everyone remembers the gorgeous 206 WRC from the early 2000s. A die-hard fan of the championship rally car has built a convincing replica of one that is now on sale in the UK. The road-legal model comes with a WRC-style body kit that includes front and rear bumpers matching the width of the bulging fenders, a ventilated hood, a purely cosmetic roof scoop and a massive rear wing. It rides on a set of beautiful 18-inch Dymag white wheels with Michelin rubber shoes. A motorsport-inspired livery…
Rivian update pays tribute to Back to the Future knight
Rivian is launching a series of pop culture-themed electric vehicle (EV) retro products this Halloween that pay homage to two 1980s icons. In an update rolling out to U.S. owners of the R1T pickup truck and R1S SUV, owners can now change their exterior and interior by selecting new "car apparel" through Rivian's smartphone app. The most comprehensive costume is simply called KITT, named after the talking Pontiac Firebird driven by Michael Knight (David Hasselhoff) in the cult classic TV show Knight Rider. Hundreds of new car deals available via car expert Now. Get the experts on your side and get big rewards. Browse now. Choose KITT apparel, and the Rivian vehicle's interior screen will transform into a tribute to the TV car, with '80s graphics and illuminated control panels. On "Gen 2" models, the front light bar turns into a red beam that sweeps from side to side, just like a modified Pontiac. If you like to go places…
Car dealer caves in after backlash, pays Purdue student $5,000
Amid the backlash, Rohrman Automotive Group awarded Zachary Spangler the award he won in August. The student selected a $5,000 cash prize, and the dealership will donate another $5,000 to Purdue University. Although the dealership lost $10,000, the loss of reputation may far exceed that value. After being fired by his own team, the Rollman Automotive Group changed its mind and decided to give his well-deserved award to Purdue University student Zachary Spangler. As you may know, he successfully kicked 20, 30 and 40 yard fields goals and is expected to receive a two-year lease on a new car from Bob Rollman Honda. var adpushup = window.adpushup = window.adpushup || {que:()}; adpushup.que.push(function() { if (adpushup.config.platform !== "DESKTOP"){ adpushup.triggerAd("4d84e4c9 -9937-4f84-82c0-c94544ee6f2a"); } else{ adpushup.triggerAd("6a782b01-facb-45f3-a88f-ddf1b1f97657"); } }); However, the dealership's director of operations later emailed Spangler to tell him that their insurance company reviewed the video of the incident and found that his "40-yard field goal was 500th of a second off the…
The world’s only mint green Ferrari F40 pays tribute to the 250
The Ferrari supercar retains its numbers-matching engine and gearbox and features a blue interior go through Brad Anderson August 14, 2024 13:50 The car's colour is inspired by the famous 250 GTO built for Stirling Moss. This F40 has over 19,000 miles on it. Ferrari authorized Amalgam to produce 1:8 and 1:18 scale car models. Widely considered one of the finest supercars ever built, a one-of-a-kind example of the Ferrari F40 will go to auction this weekend and is expected to fetch between $1.9 million and $2.5 million. This F40, chassis number 88538, was originally painted Rosso Corsa and delivered to the original buyer in Germany. It was later bought by the then president of the German Ferrari Club, but was damaged in 1998 and sold to a buyer in the Netherlands. The car was restored and repainted in its original red. Read: 24-year-old dealer employee crashes Ferrari F40 on way to auto show Most recently, the car was sold…
Porsche pays tribute to Jo Siffert with a one-of-a-kind 911 GT3 RS
Porsche has created a one-of-a-kind 911 GT3 RS in memory of Jo Siffert and the 917 he drove to victory in 1969. The car features a two-tone design inspired by racing and numerous 917 graphics. After a short tour in Switzerland, the car will be sold at random. Porsche has unveiled a one-of-a-kind 911 GT3 RS in tribute to Swiss racing driver Jo Siffert. var adpushup = window.adpushup = window.adpushup || {que:()}; adpushup.que.push(function() { if (adpushup.config.platform !== "DESKTOP"){ adpushup.triggerAd("4d84e4c9 -9937-4f84-82c0-c94544ee6f2a"); } else{ adpushup.triggerAd("6a782b01-facb-45f3-a88f-ddf1b1f97657"); } }); The car was created in collaboration with Siffert's family and was inspired by the 917 that Jo and Kurt Ahrens drove to victory at the Austrian track in 1969. As such, it features a two-tone design of pure white with touches of Viper Green. MORE: This one-of-a-kind Porsche 911 GT3 RS looks more like a vase than a race car In addition to the special paint, the car also features "29" badges on the hood,…
Guangxi Auto Show Pays Great Attention to Technologically Innovative Models
Guangxi Auto Show Pays Great Attention to Technologically Innovative Models The annual Guangxi Auto Show will be held inA large-scale event will be held at the Nanning International Convention and Exhibition Center in early December and will last five days. It is expected to attract hundreds of thousands of professionals.Guangxi Auto ShowOnce again, it has established its status as the largest auto show in the region and has become the auto show of choice for major automobile brands wishing to explore the regional market. After seven years of growth, the scale of the exhibition has also been continuously improved, since the firstFrom 54 exhibiting brands and an exhibition area of 30,000 m² to 87 exhibiting brands and an exhibition area of 70,000 m² this year, the ASEAN Auto Show has been recognized by the majority of car dealers and brands. Maserati, McLaren, Lamborghini, Bentley, Porsche, Rolls-Royce and other luxury brands made a notable appearance at the event, along with high-end…
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