Mercedes Pushes to Weaken US Bill That Could Bar It Over 15% Chinese Ownership
Updated
Updated · Bloomberg · Jul 22
Mercedes Pushes to Weaken US Bill That Could Bar It Over 15% Chinese Ownership
3 articles · Updated · Bloomberg · Jul 22
Summary
Mercedes-Benz is lobbying to soften a bipartisan Senate bill that could block its connected-vehicle sales in the US because Chinese entities own nearly 20% of the company.
The proposal, introduced in April by Senators Elissa Slotkin and Bernie Moreno, would prohibit sales by automakers with more than 15% Chinese ownership.
That threshold would directly capture Mercedes, making it a fresh flashpoint in Washington’s broader effort to respond to China’s global auto expansion.