Mercedes Promises to Protect Its Business in the U.S., Under Pressure From Chinese Shareholders

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The Director General of Mercedes-Benz, Ola Kaellenius, said on Tuesday that the German producer will take all necessary measures to protect his operations in the United States, after legislative initiatives have emerged in the American Congress that could affect the car companies with Chinese shareholders, reports Reuters.

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Despite all the problems, Mercedes-Benz CEO Ola Källenius is sticking with the Chinese market. He believes the company has the strength to weather the ongoing period of weakness. He once again rejects the idea of a price war.