Mercedes CEO Pledges Commitment to U.S. Business Amid China Backers Concerns
Mercedes-Benz Group CEO Ola Kaellenius has pledged to protect the company's presence in the United States amid concerns over potential legislative actions targeting Chinese-backed automakers. The Senate Commerce Committee recently approved stricter rules that could bar Mercedes from selling vehicles in the U.S., due to its top shareholders being based in China. Mercedes is investing heavily in local production, including $7 billion overall and $4 billion through 2030 for SUV manufacturing at an Alabama plant. Kaellenius mentioned potential engine production setup in the U.S., depending on trade pact negotiations that may impose content rules for vehicles in North America.
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Topics: CEO statement Chinese ownership concerns investment strategy Mercedes-Benz U.S. market access