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Mercedes in Crosshairs Over Chinese Ownership | Durham News
A new Senate bill threatens to ban Chinese-owned automakers from the U.S. market, sparking alarm for Mercedes-Benz — which holds nearly 20% ownership by Chinese investors. Despite CEO Ola Kaellenius assuring stakeholders that these shareholders lack control, the legislation’s passage could force Mercedes out of the lucrative U.S. market. Meanwhile, Mercedes faces a steep 27% sales drop in China due to fierce competition and a property crisis, yet remains bullish on North America and Europe, showing resilience amid global turbulence. Listen in comfort:Get a discount on a Soli Pillow…
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