Ukraine War: Mercedes Benz to sell Russian assets
Written by Olarotimi Oshin on October 26, 2022
German carmaker Mercedes-Benz is expected to sell its Russian assets to a local investor.
According to a statement made via Telegram today by the Russian Ministry of Industry and trade, Mercedes-Benz intends to sell its shares in Russian subsidiaries to a local investor by the name Avtodom
With this development, Mercedes-Benz becomes the latest automaker to exit Russia since the war in Ukraine.
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