Mercedes-Benz to Halt Exports to Russia
March 03 2022 - 1:55AM
Dow Jones News
By Joshua Kirby
Germany's Mercedes-Benz Group AG said late Wednesday that it
will suspend exports to Russia and cease manufacturing there until
further notice, becoming the latest European auto maker to withdraw
business from the country after it invaded neighboring Ukraine last
week.
"Mercedes-Benz will suspend the export of passenger cars and
vans to Russia as well as the local manufacturing in Russia until
further notice," the company said.
The move comes after French peer Renault SA shut a plant near
Moscow as a result of logistical issues stemming from fresh Western
sanctions against Russia.
Daimler Truck Holding AG, which was spun off from Mercedes-Benz
earlier this year, said earlier this week that it would cease all
business activities in Russia and review a joint venture it
operates in the country.
Write to Joshua Kirby at joshua.kirby@wsj.com;
@joshualeokirby
(END) Dow Jones Newswires
March 03, 2022 01:40 ET (06:40 GMT)
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