finance
Bill Targets Chinese Auto Ownership, Includes Mercedes-Benz U.S. Sales
A proposed U.S. bill aimed at restricting Chinese ownership of automakers could limit Mercedes-Benz market access. The measure would apply ownership thresholds to foreign-controlled vehicle manufacturers.
May 29, 1:37 PM·1m read1 source
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U.S. market access for automakers with significant Chinese ownership, according to reporting by @FirstSquawk. The legislation targets companies where Chinese entities hold controlling stakes or substantial equity positions.
Mercedes-Benz has been identified as one firm that could fall under the proposed restrictions. The company maintains manufacturing and sales operations in the United States. The bill's language focuses on ownership structures rather than country of origin for production.
No vote schedule or final text has been released.
The measure remains in draft form and would require passage by both chambers and presidential approval to become law.
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