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Mercedes-Benz may be shut out of U.S. market under bill aimed at Chinese automaker ownership
The bill would bar automakers with Chinese government ties from U.S. sales, and Mercedes-Benz could be affected because BAIC owns 9.98%.
- Mercedes-Benz faces potential exclusion from the U.S. market under the Motor Vehicle Modernization Act, which bars automakers with over 15% foreign-adversary government equity from selling or importing vehicles.
- State-Owned BAIC holds 9.98% and billionaire Li Shufu holds 9.69% of Mercedes-Benz, a combined 19.67% stake that exceeds the bill's 15% threshold for foreign-adversary control.
- The company operates two large U.S. assembly plants and employs more than 11,000 people; its Tuscaloosa, Alabama, facility has produced more than 4.5 million vehicles since 1997.
- Industry groups are scrutinizing the legislation; The Alliance for Automotive Innovation CEO John Bozzella wrote last week that the bill makes "substantial progress" but emphasized "details matter."
- The Connected Vehicle Security Act and related restrictions on Chinese-linked software and hardware starting in 2027 signal a broader regulatory push to limit foreign-adversary influence in the U.S. auto sector.
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US bill targeting Chinese-made cars could also impact Mercedes-Benz market in America
Bill would ban automakers tied to U.S.-designated adversaries, including China, Russia and North Korea, from making, selling or importing vehicles into the U.S. for five years
·London, United Kingdom
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Mercedes-Benz could be completely shut out of the US market due to a new congressional bill that would ban Chinese state-owned automakers from the United States. The German premium automaker's largest shareholder is state-owned Chinese BAIC. Based on the current wording of the bill, this fact alone could be enough to ban it, CNBC reported.
·Budapest, Hungary
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Total News Sources7
Leaning Left2Leaning Right0Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 33%
C 67%
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