Mercedes-Benz has become the latest carmaker to exit the Russian market following Moscow’s invasion of Ukraine in February 2022. The firm stopped building cars in Russia in March 2022, and it announced plans to sell its remaining Russian assets to a local investor. “Mercedes-Benz intends to withdraw from the Russian market and to sell the shares in its subsidiaries to a local investor. The completion of the transaction is subject to all relevant authorities’ approvals. Mercedes-Benz has already suspended the export of passenger cars and vans to Russia as well as the local manufacturing in Russia at the beginning of the year,” a company spokesperson told Autoblog. Read original article here.
