Mercedes-Benz Leaving Russia... "Selling Subsidiary Shares"
Mercedes-Benz is withdrawing from the Russian market.
According to AFP and Sputnik News, on the 26th (local time), the Russian Ministry of Industry and Trade announced on Telegram that "Mercedes-Benz plans to sell its stake in its Russian subsidiary to the local investment company Avtodom."
Mercedes-Benz also confirmed its plan to withdraw from the Russian market and sell its subsidiary stake in a statement.
The sale is reported to include a factory in the Moscow region.
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Since Russia's invasion of Ukraine, it is reported that up to 1,500 global companies have left Russia.
This content was produced with the assistance of AI translation services.
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