Mercedes-Benz CEO vows to protect U.S. business amid possible sales ban
2026-07-28 16:37:42
According to CNBC, Mercedes-Benz CEO Ola Kaellenius said the automaker will protect its U.S. business if it needs to make changes to comply with any rules, as Washington weighs tougher restrictions tied to Chinese automakers and investors. The company reported second-quarter results as the U.S. Senate Commerce Committee approved legislation last week to harden a ban on Chinese automakers entering the U.S. market, which could in theory bar Mercedes from selling vehicles there because its top two shareholders are Chinese. Kaellenius said Mercedes is closely monitoring the debate and is deeply involved in talks with relevant parties. Chinese automaker BAIC Group and Geely founder Li Shufu together hold nearly 20% of Mercedes’ listed shares. Mercedes has pledged more than $7 billion in U.S. investments, including $4 billion through 2030 to boost SUV production at its Alabama plant, and sales in the U.S. rose 15% in the first six months of the year.
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