US lawmakers seek to shield Mercedes from vehicle ban
Lawmakers are revising a proposed US bill targeting Chinese vehicle ownership to ensure automakers like Mercedes-Benz and Volvo are not barred from selling cars. Discussions continue as supporters seek fast-track approval.
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US lawmakers are working to rewrite a proposed ban on Chinese-backed vehicles to shield MERCEDES-BENZ GROUP AG from being blocked in the United States. The legislation targets firms with over 15% Chinese ownership. Mercedes-Benz currently carries nearly 20% passive ownership from China-based entities. Lawmakers aim to advance the bill before the Senate adjourns in November.
