Luxury motor vehicle group has become the latest company to pull out of Russia.BREAKING: Mercedes to withdraw from Russia and sell its assets in the country— The Spectator Index The German carmaker reported plans to sell its shares in local subsidiaries, including its plant, in the Moscow Region.
“Mercedes-Benz intends to leave the Russian market and sell its shares in local subsidiaries… to a local investor, Avtodom,” the company said in a statement., said that it intends to do everything possible to maintain the brand’s after-sales service in Russia.
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