Showing posts with label Mercedes-Benz. Show all posts
Showing posts with label Mercedes-Benz. Show all posts

Wednesday, October 26, 2022

Mercedes-Benz Becomes Latest Western Company to Pull Out of Russia

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BBC: Mercedes has become the latest Western company to pull out of Russia, following the invasion of Ukraine in February.

The German-based firm stopped manufacturing in and exporting to the country in early March.

But now it says it will withdraw from the Russian market and sell shares in its subsidiaries to a local investor.

Japan's Nissan left Russia earlier this month, following the same move from Toyota and Renault. » | Elsa Maishman, BBC News | Wednesday, October 26, 2022