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.
Uploaded By: JOSEPH TEMITAYO
Join our twitter community :