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Mercedes-Benz to Sell Shares in Russian Subsidiaries to Local Investor, as Foreign Automakers Pull Out

Mercedes-Benz and Ford quit Russia for good

Two major car manufacturers are the latest to cut ties with Russia amid the war in Ukraine. German car manufacturer Mercedes-Benz had already stopped manuf

Mercedes-Benz to leave Russia, sell Russian operations to investor

Mercedes-Benz sold its Russian operations to a dealer group called Avtodom due to Russia s on-going invasion of Ukraine.

Mercedes-Benz to quit Russian market, sell shares to local investor

Mercedes-Benz said on Wednesday it would withdraw from the Russian market and sell shares in its industrial and financial services subsidiaries to a local investor, becoming the latest carmaker to exit the country.

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