Mercedes-Benz Faces Potential US Ban Under New Senate Bill
The measure would block sales by automakers with 15% or more Chinese ownership and gives Mercedes-Benz until 2030 to comply, Reuters reported.
- Last week, the Senate Commerce Committee advanced legislation that would bar vehicle sales by companies with more than 15% Chinese ownership, potentially affecting Mercedes-Benz, which has nearly 20% investment from Chinese entities.
- Facing plunging sales in China as competitors surge in electric vehicles, Mercedes has positioned the U.S. as critical growth, pledging over $7 billion in investments including $4 billion through 2030 for Alabama SUV production.
- Sponsors Sen. Bernie Moreno and Sen. Elissa Slotkin said the bill would prevent "an absolute, total, and complete destruction of our industrial base," while Sen. Ted Cruz accused General Motors of pushing a $5,000 battery cost requirement.
- On Tuesday, Mercedes-Benz CEO Ola Kaellenius pledged to shield the company's U.S. business from a possible sales ban, stating the firm would "protect our presence and our business" if adjustments are needed.
- The bill faces a lengthy path through both Senate and House chambers and requires presidential signature before taking effect, with General Motors contending the measure protects American manufacturing broadly rather than targeting competitors.
18 Articles
18 Articles
Mercedes-Benz faces US sales risk under China ownership bill
Mercedes-Benz has become an unexpected test case for how far Washington is prepared to extend restrictions aimed at limiting Chinese influence over connected vehicles. A bipartisan bill advanced by the Senate Commerce Committee would prohibit sales of connected vehicles by companies more than 15% owned by Chinese entities. Two Chinese investors together hold nearly 20% of Mercedes-Benz, potentially placing the German manufacturer within the meas…
Chinese-connected ‘surveillance packages on wheels’ facing Senate ban
Mercedes-Benz faces a potential ban on selling connected vehicles in the US under legislation targeting automakers with significant ownership ties to China. The Senate Commerce Committee advanced a measure last week that would bar the sale of connected vehicles in the US by companies with more than 15% ownership by Chinese entities, potentially affecting German automaker...
Mercedes Doesn't Plan on Being Kicked Out of the US, CEO Says
The U.S. is Mercedes' strongest sales region right now, and the company's CEO says it will "protect" its American business in the face of a ban threat. The post Mercedes Doesn’t Plan on Being Kicked Out of the US, CEO Says appeared first on The Drive.
Under pressure over China backers, Mercedes CEO pledges to defend US business
By Rachel More BERLIN, July 28 (Reuters) - Mercedes-Benz's CEO pledged on Tuesday to shield its U.S. business from a possible sales ban, as concerns in Washington over the German carmaker's Chinese investors threaten it with exclusion from one of its ...
Fox Business
Mercedes-Benz could face US ban under Senate bill targeting Chinese-owned automakers
Mercedes-Benz faces a potential ban on selling connected vehicles in the U.S. under legislation targeting automakers with significant ownership ties to China.The Senate Commerce Committee advanced a measure last week that would bar the sale of connected vehicles in the U.S. by companies with more than 15% ownership by Chinese entities, potentially affecting German automaker Mercedes-Benz, in which two Chinese investors hold stakes totaling nearl…
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